Nasdaq Breaks Downward Trend

EXCHANGE WATCH

The stock markets were kind to Nasdaq in the fourth quarter of 2004, enabling the electronic stock market to buck last year’s trend of declining subscriptions revenues and produce an overall net income of $7.4 million for Q4 and $11.4 million for full-year 2004, it said last week.

Total revenues for Q4 were $168.1 million and $540.4 million for the full year. Q4 revenues from Market Services Subscriptions, which includes market data, rose by 24 percent from the previous quarter to $22.7 milli

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