Nasdaq, Deutsche Borse Face the Market

EXCHANGE WATCH

Nasdaq and Deutsche Borse both saw net income fall in the second quarter, each announced last week, reflecting weaker market conditions and lower trading volumes. But while revenue from Nasdaq’s information services fell, revenue from Deutsche Borse’s Information Products division grew.

Nasdaq’s net income fell to $8.8 million from $19.6 million in the second quarter 2001, a decrease of 55.1 percent. The net income, however, includes after-tax adjustments of $10.3 million for the impairment o