I remain upbeat about the shares of Nasdaq, an operator of a global stock exchange. Recently, the company issued solid financials for the first quarter of 2016. Net revenues increase 5.3% y-o-y to $534 mn and were mostly in line with consensus estimate. Segment-wise, revenues from Market Services rose 6.9% to $201 mn, revenues from Listing Services climbed 3.1% to $66 mn, Information Services’ revenues grew 6.4% to $133 mn, and Technology Solutions generated revenues of $134 mn, up 3.1%. Total order value (the value of orders signed but not recognized as revenues) increased 7.6% to $783 mn in the reported quarter. New listings totaled 47, including 10 IPOs. Adjusted operating income rose 8.1% to $254 mn, and operating margin expanded 130 basis points to 47.6%. Adjusted earnings per share jumped 13.8% to 91 cents and surpassed analysts’ average projection of 89 cents. In Q1, Nasdaq spent $29 mn on buying back 490,032 shares. As of March 31, the company had $500 mn remaining under the authorized share repurchase program, which includes a $370 mn increase in authorized value. Besides, recently, Nasdaq’s board approved a quarterly dividend hike of 28% to 32 cents per share, which offers a healthy annualized dividend yield of around 2.1%. During the quarter, Nasdaq completed the acquisitions of Chi-X Canada, an alternative trading system for Toronto Stock Exchange, from Chi-X Global. The company also purchased Marketwired – a leading global provider of news distribution services and analytics for communications professionals. In addition, the company announced its decision to acquire International Securities Exchange, or ISE, which operates three electronic US options exchanges, from Deutsche Börse Group. I believe that the announced M&A deals, combined with robust operational activities and disciplined expense control, with strengthen the company’s growth profile and allow it to continue to deliver strong results going forward. I expect Nasdaq’s shares to continue to rebound, with medium-term target at $70.