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Nasdaq's (NDAQ) November Volumes Increase Year Over Year

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Zacks Equity Research
·3 min read
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Nasdaq, Inc. NDAQ reported volumes for the month of November. While U.S. equity options volume increased 77.9% year over year to 242 million contracts, European options and futures volume decreased 25.3% year over year to 5.9 million contracts.

In Cash Equities, Nasdaq’s U.S. matched equity volume in the month grossed 39.1 billion shares, up 58.2% year over year. European equity volume improved nearly 58.3% year over year to $107 billion.

In its Fixed Income and Commodities, U.S. Fixed income volume in November increased 5.8% to $532 billion. European fixed income volume increased 25% to 2 million contracts.

Nasdaq aims for long-term growth by banking on organic means. The company is ramping up its non-transaction revenue base, which includes market technology, listing and information revenues. It is also expanding its technology and analytics offerings.

Its organic growth has also been boosted by the strategy of accelerating its non-trading revenue base, which includes market technology, listing and information revenues. The company’s organic growth in non-trading segments was 13% in the first nine months of 2020, primarily attributable to its Index and Investment Data & Analytics businesses. Market Technology revenues increased 5% in the first nine months of 2020 due to higher SaaS surveillance revenues and higher software delivery and support revenues. Nasdaq expects to witness growth in its index and analytics businesses, followed by moderate growth in its exchange data products across U.S. and Nordic equities, options and fixed income businesses.

Recently, CME Group Inc. CME reported an impressive average daily volume (ADV) for November 2020. Average daily volume of 19.3 million contracts per day was up 6% year over year, attributable to higher volumes in three of the six product lines. Also, MarketAxess Holdings Inc. MKTX reported total trading volume of $503.9 billion for November 2020, which marked a 9.4% improvement year over year.

Shares of this Zacks Rank #3 (Hold) company have gained 23% in the past year, outperforming the industry’s increase of 5.5%. The Zacks Consensus Estimate for 2020 earnings per share is pegged at $6.06, indicating improvement of 21.2% from the year-ago reported figure.

Stock to Consider

A better-ranked insurance stock is OTC Markets Group OTCM, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

OTC Markets surpassed bottom-line estimates in three of the last four quarters. It has a trailing four-quarter earnings surprise of 11.96%, on average.

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CME Group Inc. (CME) : Free Stock Analysis Report
Nasdaq, Inc. (NDAQ) : Free Stock Analysis Report
MarketAxess Holdings Inc. (MKTX) : Free Stock Analysis Report
OTC Markets Group Inc. (OTCM) : Free Stock Analysis Report
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