Core Insights - Nasdaq's third-quarter profits exceeded Wall Street expectations, driven by increased trading volumes amid ongoing market volatility [1][3] - Nasdaq's CEO expressed confidence in the continued growth of the IPO market despite the government shutdown [4][5] Financial Performance - Nasdaq's market services trading revenue grew by 14%, reaching $303 million [3] - The company's adjusted profit for the three months ended September 30 was $511 million, or $0.88 per share, surpassing analyst expectations of $0.85 per share [8] - The fintech and software segment saw a revenue increase of 23.2%, totaling $457 million, while index business revenue rose by 13.2% to $206 million [8] IPO Market Outlook - The number of new listings on Nasdaq increased from 138 in the same period last year to 205 [6] - Analysts and bank executives remain optimistic about the IPO outlook, suggesting that any impacts from the government shutdown will be temporary [5] Strategic Focus - Nasdaq is shifting its strategic focus towards generating more predictable recurring revenue, which is less sensitive to market volatility [7]