Profits up at Nasdaq

The US exchange posts improved profits on the back of above-expectation revenue

Nasdaq OMX's third-quarter profit improved 8.9% as the exchange operator posted better-than-expected revenue amid a sharp jump in trading volume during the quarter.

A historic cut to the US credit rating and a raft of other macroeconomic concerns sent trading volume soaring in the third quarter as investors flooded exchanges looking to switch positions and hedge risk.

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