Adena Friedman said more regulations and guidance are needed around personally identifiable information.
, which provides alternative data to some of the top Wall Street firms, for an undisclosed amount.
Friedman said Nasdaq and Quandl are both committed to avoiding distributing any data that might fall in a regulatory gray area. "If it is something that is really, really confidential, and somehow we get ahold of it, that is not what we are in the business of doing," Friedman said."If it is something where the company gathers it, it is their information and they have the right to it and they want to share it because they see a commercial opportunity with it, then we are a good partner."
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