After going thru Nasdaq's results in more detail, some takeaways: ① Nasdaq is in the "sweet spot" as one analyst put it: data & market tech holding up well + huge market volumes = higher margins AND good growth. ② Long term growth dependent on index AUM & market tech signings
Interesting Q&A question on impact of retail trading and higher dark pool market share:pic.twitter.com/rRy1tGn3im
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$NDAQ's long term targets laid out below; equates to ~10-12% EPS growth per year on average:pic.twitter.com/IDauWZZvbk
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