Exchanges Continue Data Revenue Rises

Market data revenues at exchanges continue to increase, even when other exchange businesses fare less well.

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Nasdaq posted positive revenues for Q4 of $536 million, up 4 percent year-on-year, citing the acquisition of Dorsey, Wright & Associates, the data analytics, passive indexing and smart beta strategies company it bought last year, as a reason for rising profits in its Information Services division, where revenues rose $14 million from $127 million in Q4 2014. An $8 million “organic increase” and $9 million generated by Dorsey Wright was partially offset by a $3 million decrease due to changes in

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