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Nasdaq Reports March 2025 Volumes and 1Q25 Statistics
Globenewswire· 2025-04-07 20:15
NEW YORK, April 07, 2025 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for March 2025, as well as quarterly volumes, estimated revenue capture, number of listings, and index statistics for the quarter ended March 31, 2025, on its Investor Relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics. About Nasdaq Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers ...
Nasdaq Champions Smart Regulatory Reform to Strengthen the World's Leading Capital Markets and Drive American Economic Growth
Newsfilter· 2025-03-31 12:00
Public companies need a more level and predictable regulatory environment—one that is rooted in building value for shareholders, ensuring corporate accountability and investor protection. A modern and appropriately scaled regulatory framework can provide investors with the needed information while allowing companies of all sizes to operate and thrive. NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- Nasdaq today released a comprehensive set of policy recommendations in a paper titled "Advancing the U.S. Public ...
Nasdaq Appoints Brandis DeSimone as New Head of East Coast Listings
Globenewswire· 2025-03-03 15:40
The appointment strengthens Nasdaq’s commitment to supporting companies throughout their corporate lifecycle Nasdaq is the exchange of choice for new listings and exchange transfers in the US, raising $22.97 Billion in IPO proceeds across 180 listings in 2024 and celebrating over 500 transfers to Nasdaq since 2005 NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the appointment of Brandis DeSimone as Senior Vice President, Head of East Coast Listings. Under the recently e ...
Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date February 14, 2025
Globenewswire· 2025-02-26 21:05
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- At the end of the settlement date of February 14, 2025, short interest in 3,121 Nasdaq Global MarketSM securities totaled 12,649,030,702 shares compared with 12,170,722,591 shares in 3,109 Global Market issues reported for the prior settlement date of January 31, 2025. The mid-February short interest represents 2.64 days compared with 2.69 days for the prior reporting period. Short interest in 1,629 securities on The Nasdaq Capital MarketSM totaled 2,531,037,044 s ...
Cboe(CBOE) - 2024 Q4 - Earnings Call Transcript
2025-02-07 14:30
Financial Data and Key Metrics Changes - Cboe Global Markets reported a 5% year-over-year increase in net revenue for Q4 2024, totaling $524.5 million, and a 2% increase in adjusted diluted earnings per share to $2.1 [6][34] - For the full year 2024, net revenue grew 8% to a record $2.1 billion, with adjusted diluted earnings per share increasing 10% to a record $8.61 [7][34] - Adjusted operating expenses rose by 6% for the year, stabilizing margins and leading to a 10% improvement in adjusted diluted earnings per share [8][34] Business Line Data and Key Metrics Changes - The derivatives business saw an 8% increase in organic net revenue, with total volume across Cboe's options exchanges reaching 3.8 billion contracts traded in 2024 [8][18] - Cash and spot markets experienced a 10% increase in organic net revenue, driven by healthy trading volumes across all regional equities markets [10][26] - DataVantage business reported a 7% increase in organic net revenue, supported by technology investments that optimized access and insights [9][30] Market Data and Key Metrics Changes - In the derivatives market, SPX options volume reached a record average daily volume (ADV) of 3.1 million contracts, while VIX options ADV hit a record 830,000 contracts [9][18] - The Europe and Asia Pacific segment delivered a 17% year-over-year net revenue growth in Q4, driven by higher transaction and clearing fees [29][37] - The U.S. equities market saw a 28% increase in net transaction and clearing fees during Q4, contributing to a 10% year-over-year revenue increase for the segment [27][34] Company Strategy and Development Direction - Cboe is focused on leveraging secular trends such as the rise of retail investors and the globalization of markets to enhance its derivatives ecosystem [10][11] - The company plans to invest in technology and education to broaden access to its products, particularly in the retail space [14][21] - Cboe's strategic framework emphasizes organic growth opportunities and disciplined capital allocation, moving away from M&A focus [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the pro-business environment under the new administration, despite ongoing geopolitical uncertainties [12][13] - The company anticipates continued growth in options trading and retail investor participation, with a focus on education and access [13][21] - Cboe expects 2025 to be a transformational year, leveraging a strong talent pool to enhance customer access and education [26][32] Other Important Information - Cboe returned $454 million to shareholders in 2024 through dividends and share repurchases, representing 50% of adjusted earnings [46] - The company has a strong balance sheet with $880 million in adjusted cash and a low average leverage ratio of 1.1 times [46][47] - Cboe's technology platform was rebranded as Civo Titanium, reflecting its commitment to delivering best-in-class trading technology [15][91] Q&A Session Summary Question: DataVantage revenue guidance - A participant inquired about the mid to high single-digit revenue growth range for DataVantage, noting it appears weaker than previous guidance. Management clarified that the new guidance aligns with market standards and remains consistent with prior ranges [55][56] Question: Robinhood index options uptake - A question was raised regarding the uptake of index options on Robinhood. Management reported that the rollout exceeded expectations, with increased usage of complex strategies and a focus on joint marketing and education to drive further adoption [58][60][62] Question: AI initiatives - An inquiry was made about AI initiatives to help customers generate revenue. Management indicated that while there are no immediate revenue opportunities, significant internal investments in AI are being made to improve productivity and develop new products [65][67] Question: Capital allocation and M&A strategy - A participant asked about the lack of share repurchases and the current M&A strategy. Management explained that share repurchases remain a key part of the capital allocation strategy, while M&A will focus on strategic and financial sense [70][72][73] Question: U.S. Equities trading hours - A question was posed about the opportunity set for extending U.S. equities trading hours. Management discussed the demand for extended trading hours and the need for regulatory approvals, indicating readiness to implement changes once infrastructure is in place [75][78][80] Question: Price increases for options - A participant inquired about price increases for options and their influence on retail adoption. Management explained that pricing changes are dynamic and focused on balancing market share with revenue optimization, with a strong emphasis on education for retail investors [85][88]