NASDAQ BEATS PROFIT ESTIMATES ON STRONG DEMAND FOR INVESTMENT PRODUCTS

Nasdaq (NDAQ.O) on Wednesday reported third-quarter profit that beat Wall Street estimates, helped by stronger demand for its indexes and anti-financial crime products.

The company has been expanding beyond market-sensitive businesses like trading to become a full-scale data and analytics provider. The diversification has helped it offset a prolonged slump in the initial public offering (IPO) market.

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