A member of Rep. Ro Khanna's household purchased as much as $100,000 worth of shares in NDAQ, the operator of the Nasdaq stock exchange, according to a newly filed congressional financial disclosure.
The February 24 transaction was valued between $50,000 and $100,000, implying a midpoint estimate of roughly $75,000. The disclosure lists the owner as "DC," indicating the trade was made by a dependent child rather than the California Democrat himself.
Nasdaq, Inc. runs one of the world’s largest equity exchanges and sells financial technology, market data, and index products to financial institutions globally. With a market capitalization of about $48.8 billion and shares recently trading around $85.53, the company’s performance is often viewed as a proxy for overall equity market activity and the continued growth of trading infrastructure and market data businesses.
The Khanna household has been an active participant in financial markets. Public disclosures show roughly 19,625 total reported trades associated with the congressman over his career, placing him among the most prolific traders in Congress.
Details of the trade
- Date: Feb. 24, 2026
- Asset: Nasdaq, Inc. (NDAQ)
- Transaction: Buy
- Amount: $50,000–$100,000
- Reported owner: Dependent child (DC)
Under the STOCK Act, members of Congress must disclose stock trades within 45 days of the transaction, including those made by spouses and dependent children.
Khanna represents Silicon Valley and serves on several influential panels, including the House Armed Services Committee, the House Committee on Oversight and Government Reform, and the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. His committee assignments also include subcommittees focused on cybersecurity, information technology, and innovation — areas that increasingly intersect with financial market infrastructure as exchanges expand their technology and data services.
Nasdaq has evolved well beyond its origins as an electronic stock exchange. Today the company provides trading, clearing, surveillance technology, and cloud-based infrastructure used by exchanges and financial firms worldwide. It also generates significant revenue from selling market data feeds and index licensing, businesses that have become core drivers of growth for exchange operators.
The company’s strategy has increasingly emphasized financial technology platforms and regulatory technology tools that help markets monitor trading activity and manage risk. Those systems underpin global financial markets and are closely tied to broader trends in automation, algorithmic trading, and the digitization of financial infrastructure.
Khanna is not the only lawmaker with exposure to the exchange operator. Financial disclosures show at least 13 members of Congress have reported trades in Nasdaq shares. Activity in exchange operators often draws attention because their revenues can benefit from heightened trading volume during volatile markets.
The newly reported purchase appears among the latest congressional trades filed on Capitol Hill as lawmakers continue to report personal and family investment activity.
Shares of Nasdaq have climbed in recent years as the company diversified beyond transaction fees and into recurring revenue streams tied to market data, software, and indexes. Investors tracking the company often view its growth as a bellwether for the modernization of global capital markets.