Nasdaq sees revenue growth for clearing business
25 July 2018 New York
Image: Shutterstock
Total revenue in clearing has seen a period of growth, a Q2 2018 Nasdaq report has found.
Equity derivatives trading and clearing saw a 12 percent increase of total net revenues, the report revealed.
Net equity trading and clearing revenues was $72 million in Q2 of 2018, an increase of $5 million compared to Q2 of 2017.
According to Nasdaq, the increase primarily reflected higher US industry trading volumes, partially offset by lower US market share.
Meanwhile, fixed income and commodities trading and clearing saw a 3 percent increase of total net revenue.
Nasdaq found that net fixed income and commodities trading and clearing revenues were $21 million in Q2 of 2018.
This result is up $2 million from the same time period last year due to $1 million of organic growth primarily related to higher NFX net revenues and a $1 million favourable impact from changes in foreign exchange rates.
Adena Friedman, president and CEO of Nasdaq, said: “I am pleased to see another period of strong organic growth in the second quarter of 2018, in particular, the portion of that growth sourced from expanding the ways we serve our clients.”
“Additionally, we are continuing to build for the future by strategically repositioning the company, as demonstrated by the completion of our business divestiture in April and our continued organic investments to implement the Nasdaq Financial Framework technology offering and advance our information services businesses.”
Equity derivatives trading and clearing saw a 12 percent increase of total net revenues, the report revealed.
Net equity trading and clearing revenues was $72 million in Q2 of 2018, an increase of $5 million compared to Q2 of 2017.
According to Nasdaq, the increase primarily reflected higher US industry trading volumes, partially offset by lower US market share.
Meanwhile, fixed income and commodities trading and clearing saw a 3 percent increase of total net revenue.
Nasdaq found that net fixed income and commodities trading and clearing revenues were $21 million in Q2 of 2018.
This result is up $2 million from the same time period last year due to $1 million of organic growth primarily related to higher NFX net revenues and a $1 million favourable impact from changes in foreign exchange rates.
Adena Friedman, president and CEO of Nasdaq, said: “I am pleased to see another period of strong organic growth in the second quarter of 2018, in particular, the portion of that growth sourced from expanding the ways we serve our clients.”
“Additionally, we are continuing to build for the future by strategically repositioning the company, as demonstrated by the completion of our business divestiture in April and our continued organic investments to implement the Nasdaq Financial Framework technology offering and advance our information services businesses.”
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