Nasdaq Reaps Rewards from Information Investment, Hails Hub Potential
Index business growth contributes to more positive results for Nasdaq’s data business, with its Analytic Hub and buy-side focus singled out as a “long-term” growth opportunity for the division going forward.
Along with growth in revenue from proprietary data products, in a call discussing the Q2 results, Nasdaq president and chief executive Adena Friedman highlighted positive performance from its index business as a key contributor to the division’s growth.
With increased competition in the index space and the pricing pressures affecting exchange-traded fund managers, Friedman responded to questions about the pricing of Nasdaq’s indexes verses larger incumbent providers by saying that pricing
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