NEW YORK – Nasdaq (NASDAQ:NDAQ) today disclosed its trading volumes for September 2024 and the third quarter ended September 30, 2024. The data, which includes monthly volumes, quarterly volumes, estimated revenue capture, number of listings, and index statistics, is made available to the public on the company's Investor Relations website.
The figures released highlight the exchange's performance metrics and offer insight into the trading activity during the period. While specific numbers were not provided in the press release, such data is critical for investors tracking the performance of the exchange and its potential impact on the financial markets.
Nasdaq, known for its robust technology platforms, plays a significant role in the global economy by providing liquidity, transparency, and integrity to the markets. The company offers a wide array of services, including data and analytics, software, and exchange capabilities, catering to various clients such as corporate entities, investment managers, and financial institutions.
The press release also contained forward-looking statements pertaining to Nasdaq's future financial results, shareholder returns, trading volumes, and strategic initiatives. However, the company cautioned that these projections involve risks and uncertainties, and actual outcomes may differ materially from those predicted.
Investors and stakeholders are reminded that forward-looking information is not a guarantee of future performance. These statements are subject to various factors, including market conditions, regulatory changes, and global economic factors, which are detailed in Nasdaq's filings with the U.S. Securities and Exchange Commission (SEC).
The release of trading volume data is a routine disclosure for Nasdaq, providing transparency and maintaining the trust of market participants. Interested parties can access the detailed statistics through the link provided on the Nasdaq Investor Relations website.
This news is based on a press release statement from Nasdaq, Inc. and does not include any additional information or commentary.
In other recent news, Nasdaq Inc. has been the subject of various financial evaluations and strategic changes. Citi has maintained a Neutral rating on Nasdaq, citing a balanced risk/reward scenario. This comes after a meeting with President Tal Cohen, where the firm gained a more optimistic view of Nasdaq's medium-term growth potential within its financial technology businesses.
RBC (TSX:RY) Capital and Oppenheimer have issued positive outlooks for the company, both expecting it to maintain double-digit revenue growth. RBC Capital initiated coverage with an Outperform rating, while Oppenheimer maintained its Outperform rating and raised the price target to $80.00.
Nasdaq has seen significant changes in its revenue accounting for AxiomSL contracts, aligning more closely with the Annual Recurring Revenue (ARR) and cash economics of its on-premises subscription contracts. This adjustment will result in a one-time, non-cash GAAP revenue reduction of $32 million in the third quarter of 2024.
In addition to these financial updates, Nasdaq also announced leadership changes within its Financial Crime Management Technology business, appointing Stephanie Champion as the new Executive Vice President and Head of Nasdaq Verafin.
Other recent developments include Nasdaq's agreement to pay $22 million to settle charges with the U.S. Commodity Futures Trading Commission related to undisclosed incentive programs, and a filing to the Securities and Exchange Commission to launch Nasdaq Bitcoin Index Options. These are the latest developments in the ongoing evolution of Nasdaq Inc.
InvestingPro Insights
To complement Nasdaq's recent trading volume disclosure, InvestingPro data offers additional insights into the company's financial performance and market position. Nasdaq's market capitalization stands at $40.91 billion, reflecting its significant presence in the financial markets.
The company's revenue for the last twelve months as of Q2 2024 reached $6.57 billion, with a notable revenue growth of 25.05% in Q2 2024 compared to the previous quarter. This growth aligns with Nasdaq's role as a major player in providing exchange and technology services to the financial industry.
InvestingPro Tips highlight Nasdaq's strong dividend history, having raised its dividend for 12 consecutive years. This consistent dividend growth, coupled with a current dividend yield of 1.33%, may appeal to income-focused investors. The company's profitability over the last twelve months further underscores its financial stability.
It's worth noting that Nasdaq has demonstrated impressive market performance, with a one-year price total return of 47.57% as of the latest data. This strong return suggests investor confidence in the company's strategic direction and market position.
For those interested in a deeper analysis, InvestingPro offers 9 additional tips on Nasdaq, providing a more comprehensive view of the company's financial health and market prospects.
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