Nasdaq Reports Robust September 2024 Volumes and 3Q24 Growth

Nasdaq, the world's second-largest stock exchange by market capitalization, reported strong trading volumes and growth in the third quarter of 2024. The company's September 2024 volumes and 3Q24 statistics indicate a resilient market, driven by increased activity across various asset classes.

The exchange reported record total trading volume of $56.1 trillion in September 2024, a 68.3% year-over-year (YoY) increase. Average daily volume (ADV) reached a record $2.63 trillion, up 68.3% YoY. For the third quarter of 2024, total trading volume was $147.5 trillion, with ADV of $2.21 trillion, representing a 55.3% YoY increase.


Nasdaq's strong performance in Q3 2024 was driven by robust growth in multiple asset classes. The exchange saw significant increases in volumes for U.S. government bonds, mortgage-backed securities, swaps/swaptions, and credit derivatives. Notably, the exchange reported record volumes in fully electronic U.S. high yield credit and record ADV in fully electronic U.S. high grade credit.


The strategic initiatives and acquisitions, such as the integration of Yieldbroker, r8fin, and ICD, have contributed to Nasdaq's growth in trading volumes and market share. These acquisitions have expanded the exchange's product offerings and client base, driving increased activity across various asset classes.

Nasdaq's estimated revenue capture and number of listings also grew in Q3 2024. The exchange reported an increase in estimated revenue capture, driven by higher trading volumes and increased market share. Additionally, the number of listings on the exchange grew, reflecting the attractiveness of Nasdaq's platform for companies seeking to access capital markets.


In conclusion, Nasdaq's September 2024 volumes and 3Q24 statistics indicate a strong and resilient market, driven by increased activity across various asset classes. The exchange's strategic initiatives and acquisitions have contributed to its growth in trading volumes and market share. As the global economy continues to evolve, Nasdaq's robust performance underscores the importance of its role in facilitating capital market transactions and driving innovation in financial technology.