Two Exchanges See Fall in Data Revenue

EXCHANGE WATCH

Two North American exchanges last week reported declines in their market data revenues because of a shrinking user base and the tough economic climate.

Nasdaq’s Market Information Services revenue declined 11.3 percent to $43.9 million compared with the fourth quarter of 2002 and 16.7 percent compared with the first quarter of 2002. Nasdaq attributes the decline to the drop in Nasdaq’s Level 1 and InterMarket Tape Fee revenue.

Nasdaq’s net income was $2.6 million in the first quarter of 2003,

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: