Nasdaq reported net income for 2001 was $40.5 million (all figures in U.S. dollars) as compared to $23.3 million for full year 2000, an increase of 73.6%.
Nasdaq revenue rose in 2001 due to continued usage of its execution systems, data products and licensing fees associated with exchange-traded funds: revenue for the full year was $857.2 million versus $832.7 million a year ago, an increase of 2.9%
“In 2001, Nasdaq focused on creating an independent, more efficient and more street-smart company by re-examining the fundamentals of our business,” said Wick Simmons, chairman and chief executive officer of Nasdaq. “As a result of our ongoing analyses, we took a number of charges related to our operating structure and separation from the NASD, accelerated in part by the events of September 11.”
Simmons highlighted Nasdaq’s three major new business objectives for 2002:
- the launch of SuperMontage, its next generation trading platform;
- the introduction of Nasdaq’s new Corporate Client Center to provide listed companies with integrated trading information and services in a centralized and timely manner; and
- the global expansion of Nasdaq’s markets, linking pools of capital by leveraging Nasdaq’s technology infrastructure.