MSCI’s linked ETF assets grew faster than related revenue in both the quarter and nine-month period. Q3 growth was predominantly flow-led, but lower average basis-point fees reduced the implied revenue yield per dollar.
Nasdaq reported third-quarter net revenue growth of 13%, financial-technology revenue of $529m and index revenue of $286m. Its $3.365bn annualised recurring revenue is a run-rate measure, not three-month sales.