Nasdaq: Data Revenues Fall But Subs Rise

EXCHANGE WATCH

The Nasdaq stock market saw a slight drop in data-related revenues, it said last week, although subscriptions rose.

Market Center gross margin, which encompasses margin from its market data feeds, fell to $42 million from $43.1 million in the previous quarter and $76.1 million for Q1 2004. Nasdaq blames the decline on fee reductions and a shrinking subscriber base for legacy Access Services products. These are being discontinued as part of Nasdaq's technology review in favor of lower-cost net

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