Nasdaq, Inc. reports developments across its market infrastructure, index, data, listings and financial technology businesses. Company news commonly covers monthly trading volumes, quarterly volume and listings statistics, earnings releases, dividend announcements, and operating trends in divisions such as Financial Technology.
Nasdaq updates also include changes to the Nasdaq-100 Index and other Nasdaq Global Indexes, trading halt and resumption notices from The Nasdaq Stock Market, and corporate governance or capital-structure matters. Its financial technology activities include solutions tied to capital management, financial crime and regulatory compliance software.
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Nasdaq (NDAQ) announced that Michael Ptasznik will retire as Chief Financial Officer (CFO) effective February 28, 2021, with Ann Dennison succeeding him on March 1, 2021. Ptasznik's tenure included leading strategic business reviews, executing $1.1 billion in acquisitions, and managing $3.5 billion in debt refinancing. Dennison, who has over 20 years of experience, previously held the role of Senior Vice President, Controller, and Chief Accounting Officer. Her appointment is seen as a continuation of Nasdaq’s growth strategy as a leading technology company.
The Board of Directors of Nasdaq has declared a quarterly dividend of $0.49 per share on its common stock. This dividend is payable on December 18, 2020, to shareholders of record as of the close of business on December 4, 2020. Future dividends will be determined by the Board of Directors. Caution is advised regarding forward-looking statements, which involve risks and uncertainties affecting performance.
Nasdaq reported third quarter 2020 net revenues of $715 million, a 13% increase from the previous year, driven by organic growth in both trading and non-trading segments. GAAP diluted EPS rose 76% to $1.58. Operating margins improved, with GAAP margins at 46%. The company returned $115 million to shareholders this quarter. Nasdaq announced an Investor Day on November 10, 2020 to discuss its strategy. Major highlights included a record 660 million U.S. options contracts traded and significant growth in Assets Under Management (AUM), which increased by 51% year-over-year.
Nasdaq has partnered with eToro to provide real-time market data to its 15 million registered users, enhancing access to U.S. equity markets. This collaboration allows eToro clients to utilize Nasdaq Basic, which offers comprehensive information on U.S. exchange-listed stocks through a unified platform. This initiative aims to lower entry barriers for investors, ensuring transparency and significant cost savings. Nasdaq Basic is integrated into various data services, facilitating global access to vital market data.
On October 15, 2020, Dealpath received a strategic investment from Nasdaq's investment arm, Nasdaq Ventures, aimed at enhancing its cloud-based real estate deal management platform. This partnership is set to improve real estate investment workflows, further supporting Dealpath's mission to create a digital marketplace for real estate. Notable clients such as Blackstone and UBS Realty use Dealpath's platform, which has shown impressive metrics including an average ROI of 475%. This investment marks Nasdaq's commitment to driving innovation in the real estate sector.
Invesco Ltd. launched the Invesco QQQ Innovation Suite, providing investors access to the NASDAQ-100 Index and NASDAQ Next Generation 100 Index through various investment options. This suite aims to democratize investing and cater to diverse investor needs, offering tailored strategies to align with different time horizons and risk preferences. The suite includes four new offerings: Invesco NASDAQ 100 ETF (QQQM), Invesco NASDAQ 100 Index Fund (IVNQX), Invesco NASDAQ-100 Growth Leaders Portfolio (QQQG), and Invesco NASDAQ Next Gen 100 ETF (QQQJ).
NDAQ has announced that Keurig Dr Pepper Inc. will join the NASDAQ-100 Index and NASDAQ-100 Equal Weighted Index effective October 19, 2020. This addition replaces Western Digital Corporation, which will also exit the NASDAQ-100 Technology Sector Index. Furthermore, Keurig Dr Pepper will be assessed for inclusion in the NASDAQ-100 Ex-Technology Index during the next quarterly rebalancing.
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On October 8, 2020, Nasdaq (NDAQ) released its monthly and quarterly volumes for September 2020. This report includes details on estimated revenue capture, listings, and index statistics for Q3 2020. The data, available on Nasdaq's investor relations website, highlights key performance metrics that are critical for investors. Nasdaq emphasizes its role as a global technology company focused on capital markets, providing data and services to optimize client operations. The company also cautions that forward-looking statements involve risks that may impact actual outcomes.