By John McCrank and Siddarth S
Nasdaq Inc on Wednesday reported first-quarter profits that beat Wall Street estimates as demand for its anti-financial crime software helped mitigate a hit to the exchange operator’s indexing business and a slump in initial public offerings.
Nasdaq expanded its regulatory technology footprint with its recent $2.75 billion Verafin acquisition and has made the business a key pillar of its corporate structure, which last quarter was split into three divisions – anti-financial crime (AFC), market platforms and capital access platforms.
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