Nasdaq beats profit estimates on strong demand for investment products

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Grandpere’s love builds a Viking ship in West Pubnico | SaltWire - Nasdaq on Wednesday reported third-quarter profit that beat Wall Street estimates, helped by stronger demand for its indexes and anti-financial-crime products.

Index revenues at Nasdaq grew 15%, while revenue from its anti-financial-crime unit, which offers solutions for detecting financial fraud, jumped 21%. Listings at Nasdaq are yet to gather pace despite the IPO market beginning to show"green shoots", underscoring risks to recovery even as hopes of a soft landing grow.

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