Nasdaq sees growth across all divisions in Q2

Nasdaq sees growth across all divisions in Q2

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Nasdaq reported growth across all its business lines and a boost from acquisitions in the second quarter.

Revenue climbed 8% to $559m for the stock exchange operator which also runs investor, public relations, technology and data services in the US, Europe and the Nordics.

The firm recently completed a $1.1bn deal for options-exchange operator International Securities Exchange (ISE).

Equities trading business Chi-X Canada, press release service Marketwired and financial tech firm Boardvantage have also been snapped up by the company of late.

“The acquisition of the ISE, giving Nasdaq unique scale in US options, growth in Nordic listings stand out as second quarter developments which will pay meaningful dividends in future periods,” said chief executive Bob Greifeld,

Market services revenues were $194m in the second quarter, up $5m when compared to last year’s April – June period..

Equity derivatives trading and clearing revenues rose by $2m to $46m.

Other divisions, including cash equities, broker services, technology, data, fixed income currency and commodities all experienced growth.

The Nasdaq stock market led US exchanges for IPOs in Q2 with 73 new listings.

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