Report
Michael Wong
EUR 101.80 For Business Accounts Only

With acquisition expense synergies achieved, Nasdaq looks for growth in nontrading segments.

Modest signs of organic growth and new revenue initiative launches are green shoots for Nasdaq, as the company’s baked-in earnings growth from integration synergies has largely been realized. In the second quarter, excluding acquisitions, the company had overall 3% growth in revenue from the previous year with nontrading segments growing 3% and market services growing 2%. Nontrading segments currently compose about 60% of net revenue, showing the evolution of Nasdaq from an equities and options ...
Underlying
Nasdaq Inc.

Nasdaq is a holding company. Nasdaq is a holding company. Through its subsidiaries, the company manages, operates and provides its products and services in business segments: Market Services, which includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing and trade management services businesses; Corporate Services, which includes listing services and corporate solutions businesses; Information Services, which includes market data, index, and investment data and analytics; and Market Technology, which provides and delivers solutions across the trade lifecycle via the Nasdaq Financial Framework.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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