(July 25): Nasdaq beat estimates for second-quarter profit on Thursday, driven mainly by strong demand for its products that help traders navigate compliance requirements and safeguard against financial crimes.

To create a steadier and sustainable source of revenue, the transatlantic exchange operator has expanded beyond trading and listings and bolstered its financial technology unit.

Revenue from the unit soared nearly 79% to US$420 million (RM1.9 billion) in the second quarter, while revenue from its index business jumped 29% to US$167 million.

Net revenue jumped 25% to US$1.16 billion. Analysts on average had expected US$1.13 billion, according to LSEG data.

The company's adjusted profit of 69 cents per share also beat analysts' expectations of 64 cents.

A resilient economy has also prompted a surge in new listings on US exchanges after a slowdown that lasted nearly two years.

A total of 84 companies listed its shares on the exchange in the second quarter ended June 30 compared with 62 from a year ago.

US equity matched shares volumes jumped to 119.3 billion in the second quarter from 113.7 billion a year earlier. US equity options volumes also rose to 42.1 million contracts from 39.2 million contracts.

Uploaded by Magessan Varatharaja