Nasdaq: Revenues Down, Hopes onData Products

EXCHANGE WATCH

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/