On Wednesday, Nasdaq Inc posted a 15 per cent jump in Q3 adjusted profit, mainly driven by robust demand for the exchange operator’s investment products which helped offset a slowdown in initial public offerings (IPOs).

In recent months, worldwide markets have been disturbed by continued volatility across asset classes pushing investors to rejig portfolios to hedge against risks, drumming up trading volumes as well as demand for Nasdaq’s investment products.

It is to be noted that Nasdaq has been diversifying its offerings and repositioning itself as a leading fintech company with an expanding footprint in the software sector and anti-financial crime technology.

Revenue at the company’s solutions segment, which houses its technology products, climbed 8 per cent to USD 584 million. The exchange operator also said it managed to grow revenues in its listing services segment by 6 per cent to USD 105 million in the quarter. Excluding one-time items, Nasdaq earned 68 cents per share in the quarter that ended September 30. Also, net revenue in the quarter jumped 6 per cent to USD 890 million.

The company said it repurchased USD 633 million in shares of its common stock in the first nine months of the year.