The exchange operator reported an uptick in revenue for both the fourth quarter and full year of 2018.
Nasdaq has published its financial results for the fourth quarter and full year of 2018 this Wednesday. Overall, the Exchange operator reported a solid quarter and an uptick in revenues.
Taking a look first at the fourth quarter results, net revenues for the period were $645 million. This is an increase of 2 percent when measured against the same period of the previous year.
Contributing to this figure is 11 percent organic growth which was partially offset by a reduction of 7 percent due to the net impact of the divestiture and acquisition of businesses. Furthermore, revenues were also hampered by a 2 percent reduction from changes in foreign exchange rates.
During the fourth quarter, Nasdaq completed its acquisition of Quandl, a provider of alternative and core data. The sum of the deal was not disclosed and was completed in December of last year.
Making up three percent of total revenues, fixed income and commodities trading and clearing revenues came in at $19 million for the fourth quarter of 2018. On an annual basis, this is a loss of $2 million.
According to the results, this decline is mostly due to a fall in US fixed income revenues and Nordic commodities products. However, the decline was partially offset by higher net revenues at NFX.
For the whole of 2018, net revenues were $2.5 billion. Similar to the fourth quarter, this is also up on a yearly comparison by 5 percent. In this case, organic growth contributed 8 percent.
Commenting on the results, Adena Friedman, the President and CEO of Nasdaq said: “We are pleased by our progress this year, especially the strong organic revenue growth we achieved across all our business segments. Importantly, our strategic direction coupled with a renewed client focus, has resulted in materially higher client engagement across all of our businesses.”
Nasdaq in 2019
The theme of Nasdaq for 2019 appears to be expansion. Already this year, Nasdaq completed its public cash offer to acquire the shares of Swedish fintech provider Cinnober. The deal helps to strengthen Nasdaq’s operations as an infrastructure provider.
“As we begin 2019, we are continuing to execute on our strategy, first with the pivot to maximize opportunities as a technology and Analytics provider through our acquisitions of Cinnober and Quandl and second by enhancing our marketplace core through our offer to combine Oslo Børs VPS’ leading Norwegian exchange and depository capabilities with our leading Nordic marketplace complex. We believe these strategic acquisitions will be additive to our organic growth efforts and important drivers of the value we deliver to our clients and shareholders,” added Friedman.
Nasdaq has published its financial results for the fourth quarter and full year of 2018 this Wednesday. Overall, the Exchange operator reported a solid quarter and an uptick in revenues.
Taking a look first at the fourth quarter results, net revenues for the period were $645 million. This is an increase of 2 percent when measured against the same period of the previous year.
Contributing to this figure is 11 percent organic growth which was partially offset by a reduction of 7 percent due to the net impact of the divestiture and acquisition of businesses. Furthermore, revenues were also hampered by a 2 percent reduction from changes in foreign exchange rates.
During the fourth quarter, Nasdaq completed its acquisition of Quandl, a provider of alternative and core data. The sum of the deal was not disclosed and was completed in December of last year.
Making up three percent of total revenues, fixed income and commodities trading and clearing revenues came in at $19 million for the fourth quarter of 2018. On an annual basis, this is a loss of $2 million.
According to the results, this decline is mostly due to a fall in US fixed income revenues and Nordic commodities products. However, the decline was partially offset by higher net revenues at NFX.
For the whole of 2018, net revenues were $2.5 billion. Similar to the fourth quarter, this is also up on a yearly comparison by 5 percent. In this case, organic growth contributed 8 percent.
Commenting on the results, Adena Friedman, the President and CEO of Nasdaq said: “We are pleased by our progress this year, especially the strong organic revenue growth we achieved across all our business segments. Importantly, our strategic direction coupled with a renewed client focus, has resulted in materially higher client engagement across all of our businesses.”
Nasdaq in 2019
The theme of Nasdaq for 2019 appears to be expansion. Already this year, Nasdaq completed its public cash offer to acquire the shares of Swedish fintech provider Cinnober. The deal helps to strengthen Nasdaq’s operations as an infrastructure provider.
“As we begin 2019, we are continuing to execute on our strategy, first with the pivot to maximize opportunities as a technology and Analytics provider through our acquisitions of Cinnober and Quandl and second by enhancing our marketplace core through our offer to combine Oslo Børs VPS’ leading Norwegian exchange and depository capabilities with our leading Nordic marketplace complex. We believe these strategic acquisitions will be additive to our organic growth efforts and important drivers of the value we deliver to our clients and shareholders,” added Friedman.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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