Nasdaq Profit Beats on Robust Demand for Investment Products

Nasdaq Profit Beats on Robust Demand for Investment Products
The Nasdaq logo is displayed at the Nasdaq Market site in New York on Sept. 2, 2015. Brendan McDermid/Reuters
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Nasdaq Inc. on Wednesday reported a third-quarter profit that topped Wall Street estimates, helped by strong demand for its investment-related products and a jump in the number of initial public offerings.

While the transatlantic exchange operator is best known for its bourses, Nasdaq has tried to push into the anti-money laundering software sector and reposition itself as a leading financial technology and data vendor.