Nasdaq’s revenue declined in the first quarter of 2002 due to lower trading volume and increased competition from regional exchanges, according to its first quarter results, released last Wednesday.
Revenue was $211.3 million, down by 5.2 percent from Q1 2001’s revenue of $222.8 million. The Market Information Services group saw revenue fall by 17.7 percent to $52.0 million from $63.2 million in Q1 2001. The group derives revenues from Level 1 and Nasdaq Quotation Dissemination Service (NQDS/
Anthony and James talk AI and ESG, Reg SCI and the SEC, and Game of Thrones and Dragons.Subscribe to Weekly Wrap emails