Saturday, 4 February 2012

Nasdaq Core Profit Tops Expectations

Nasdaq OMX Group Inc's (NDAQ.O) core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment.
Stock market volumes declined from the elevated levels of the prior quarter as volatility eased and investors moved to the sidelines. But the parent of the Nasdaq stock market has diversified its revenues through a number of small "bolt-on" acquisitions over the years, and has reaped the benefits.
Higher demand for its proprietary data services helped drive the company's market data revenue up 10 percent, while market technology revenue rose 4 percent from a year earlier due to recently delivered projects.
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