Consolidations Boost Exchange Results

EXCHANGE WATCH

Exchange consolidation is already proving to be a major contributor to increases in the market data revenues of several exchanges, according to first quarter financial results released last week.

As IMD went to press last week, Nasdaq reported its Q1 results, which include a rise of more than 40 percent over the previous year for Market Services Subscription revenues, which includes market data sales. MSS revenues rose from $24.8 million in Q1 2005 to $35.5 million in Q1 this year, due to inc

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