Nasdaq has reported a better-than-expected quarterly profit as the US exchange operator benefited from an increase in revenue from its market services business that oversees transactions, clearing and settlements.
Revenue from market services, the company's biggest business, rose 4.3% to $581m.
The division benefitted from higher trade volume in European cash equities as well as favourable foreign exchange rates.
The company earned more from non-trading operations as well.
Revenue from information services unit rose 9.5% to $150m, while its market technology unit revenue rose 5.5%to $77m.
Nasdaq has been trying to increase its non-trading related businesses such as information services and market technology to help investors make wiser trading decisions amid weak volumes and stiff competition.
The company most recently acquired investment analytics provider eVestment Alliance for $705m.
The company said its net income rose to $171m, or $1.01 per share, in the third quarter ended September 30, from $131m, or 77 cents per share, a year earlier.
Excluding one-time items, Nasdaq earned $1.06 per share, beating the average analyst estimate of $1.02, according to Thomson Reuters.
Revenue, excluding transaction-based expenses, rose 3.8% to $607m, while operating expenses fell 2.6% to $343m.