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Nasdaq third quarter profit jumps 68%

Chief executive of exchange operator says we are living through the bottom of the cycle in equities trading

Nasdaq OMX Group's third quarter earnings jumped 68% as the exchange operator bucked a slowdown in stock trading activity, helped by its business in derivatives and strength in exchange services.

The company ramped up a share buyback program as it outlined signs of progress in ventures into power markets and a new US stock market.

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