We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nasdaq (NDAQ) Reports Impressive Q3 and September Volumes
Read MoreHide Full Article
Nasdaq, Inc. (NDAQ - Free Report) reported solid volumes for third-quarter 2019. While U.S. equity options volume increased 6.6% year over year to 434 million contracts, European options and futures volume rose 20.4% year over year to 21.8 million contracts.
Though revenues per contract for U.S. equity options remained flat at 15 cents, the same for European options and futures deceased 18.7% to 39 cents.
Under its cash equities, Nasdaq’s U.S. matched equity volume in the third quarter grossed 90.2 billion shares, up 15.9% from the prior-year quarter. European equity volume declined 6.9% year over $3 trillion, European fixed income volume decreased 12.7% to 6.9 million contracts.
In the third quarter, there were 4,119 listed companies on Nasdaq compared with 4,059 in the year-ago period. Total listings grew 1.5% year over year to 4,119.
Nasdaq continues to witness growth in its index and analytics businesses, followed by moderate growth in exchange data products across U.S. and Nordic equities, options and fixed income businesses. The company is ramping up its non-transaction revenue base, which includes market technology, listing and information revenues. It is also expanding technology and analytics offerings. Nasdaq remains focused on core special marketplace platform businesses but intends to lower capital resources for investment in businesses that do not offer considerable growth for the company.
Shares of this Zacks Rank #3 (Hold) provider of trading, clearing, marketplace technology, regulatory, securities listing, information and public and private company services gained 3% in the third quarter of 2019 compared with the industry's growth of 7.4%.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.22, indicating year-over-year improvement of 6.1% on 5.1% higher revenues.
Concurrently, Nasdaq reported September volumes. U.S. equity options volume increased 0.8% year over year to 133 million contracts. European options and futures volume increased 7.9% year over year to 6.8 million contracts.
Recently, MarketAxess Holdings (MKTX - Free Report) , CME Group (CME - Free Report) and Intercontinental Exchange (ICE - Free Report) reported trading volume for September 2019. MarketAxess’ trading volume of $176.1 billion for the month consisted of $88.7 billion in U.S. high-grade volume, $83.9 billion in other credit volume, and $3.5 billion in liquid products volume. CME Group reported double-digit increase in Interest Rate options, Equity Indexes, Energy and Metals. Foreign Exchange and Agricultural Commodities reported single-digit decline in September ADV. Intercontinental Exchange’s September Commodities ADV increased 10.2% while Financial ADV improved nearly 2%.
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Image: Bigstock
Nasdaq (NDAQ) Reports Impressive Q3 and September Volumes
Nasdaq, Inc. (NDAQ - Free Report) reported solid volumes for third-quarter 2019. While U.S. equity options volume increased 6.6% year over year to 434 million contracts, European options and futures volume rose 20.4% year over year to 21.8 million contracts.
Though revenues per contract for U.S. equity options remained flat at 15 cents, the same for European options and futures deceased 18.7% to 39 cents.
Under its cash equities, Nasdaq’s U.S. matched equity volume in the third quarter grossed 90.2 billion shares, up 15.9% from the prior-year quarter. European equity volume declined 6.9% year over $3 trillion, European fixed income volume decreased 12.7% to 6.9 million contracts.
In the third quarter, there were 4,119 listed companies on Nasdaq compared with 4,059 in the year-ago period. Total listings grew 1.5% year over year to 4,119.
Nasdaq continues to witness growth in its index and analytics businesses, followed by moderate growth in exchange data products across U.S. and Nordic equities, options and fixed income businesses. The company is ramping up its non-transaction revenue base, which includes market technology, listing and information revenues. It is also expanding technology and analytics offerings. Nasdaq remains focused on core special marketplace platform businesses but intends to lower capital resources for investment in businesses that do not offer considerable growth for the company.
Shares of this Zacks Rank #3 (Hold) provider of trading, clearing, marketplace technology, regulatory, securities listing, information and public and private company services gained 3% in the third quarter of 2019 compared with the industry's growth of 7.4%.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.22, indicating year-over-year improvement of 6.1% on 5.1% higher revenues.
Concurrently, Nasdaq reported September volumes. U.S. equity options volume increased 0.8% year over year to 133 million contracts. European options and futures volume increased 7.9% year over year to 6.8 million contracts.
Recently, MarketAxess Holdings (MKTX - Free Report) , CME Group (CME - Free Report) and Intercontinental Exchange (ICE - Free Report) reported trading volume for September 2019. MarketAxess’ trading volume of $176.1 billion for the month consisted of $88.7 billion in U.S. high-grade volume, $83.9 billion in other credit volume, and $3.5 billion in liquid products volume. CME Group reported double-digit increase in Interest Rate options, Equity Indexes, Energy and Metals. Foreign Exchange and Agricultural Commodities reported single-digit decline in September ADV. Intercontinental Exchange’s September Commodities ADV increased 10.2% while Financial ADV improved nearly 2%.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>