Revenue inched down 0.5% to $600 million. The latest quarter included a positive impact from organic growth and a positive impact from the inclusion of revenues from the acquisition of eVestment. This was offset by a negative impact from the divestiture of the Public Relations Solutions and Digital Media Services businesses and an unfavorable impact from changes in foreign exchange rates.
Market services revenue rose 1% on higher US industry trading volumes and higher US market share. Corporate Services revenue increased 4% on the client adoption of its all-inclusive annual listing fee program and an increase in the number and size of IPOs.
Revenue from fixed income and commodities trading and clearing declined 5% due to lower revenues related to US fixed income products and the unfavorable impact from changes in foreign exchange rates. Trade management services revenues slid 4% on the decline in port connectivity and an unfavorable impact from foreign exchange changes.
Market data revenue declined 2% due to lower collections related to under-reported usage. Index revenue grew 21% on organic growth from higher assets under management in exchange-traded products linked to Nasdaq indexes. Revenue from investment data and analytics soared 220% on impact from the acquisition of eVestment.
In the third quarter of 2018, The Nasdaq Stock Market welcomed 85 new listings, including 52 IPOs. The US IPO win rate totaled 76% during the third quarter.
Shares of Nasdaq opened lower but changed its course to the positive territory. The stock has risen over 11% in the past year and over 6% in the year so far.