Nasdaq Profit Climbs on Increased Trading Activity
The exchange operator reported a first-quarter profit of 519 million dollars fueled by high trading volumes. Market volatility drove record equity options activity.
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NASDAQ INC reported a significant increase in its first-quarter profit on Thursday, driven by a surge in trading volumes as investors navigated a volatile macroeconomic landscape. The exchange operator, headquartered in the United States, saw its net income rise to $519 million, or 91 cents per share, for the period ending March 31. This marks a substantial jump from the $395 million, or 68 cents per share, recorded during the same timeframe the previous year.
