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Bull Signs on Horizon, Says Nasdaq Chief

Fresh off reporting a record quarter, Nasdaq OMX Group CEO Robert Greifeld told the “Fast Money” team he’s seeing some bull signs on the horizon.

“I would say right now we’re seeing some increasing optimism and you can see that in the IPO market,” he said. “Clearly the market shut down in August into September. It’s opening up at this point in time.”

In just the last couple of weeks, the exchange operator has won some big names that plan to go public—Zinga, Groupon and TripAdvisor.

Nasdaq, which runs U.S. and Nordic markets, reported core profit that jumped 20 percent in the third quarter, meeting expectations, as volatile markets boosted trading volumes across the exchange operator’s spectrum of assets.

While that volatility helped boost business, Greifeld pointed out that this is the fourth quarter in a row where the firm has reported record earnings.

“So through thick and thin, good times and bad, we’ve been able to perform,” he said.

And he said Nasdaq doesn’t need a big merger to be successful. He called the firm’s now dropped hostile bid for NYSE Euronext “opportunistic.”

“In the last four years we have doubled our earnings” he said. “With that kind of strength, clearly our stand-alone strategy is working, it has worked, it will continue to work and we feel very secure.”


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Trader disclosure: On October 26, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; J. Najarian owns MF; J. Najarian is long CIGX; J. Najarian is long CME; J. Najarian is long CBOE; J. Najarian has long call spreads SSRI; J. Najarian has long call spreads VLO; J. Najarian has long call spreads GLW; J. Najarian is short DB; Tilson is long BAC; Tilson is long C; Tilson is long GS; Tilson is long WFC; Tilson is long NFLX; Tilson is long MSFT; Tilson is long JCP; Tilson is short FSLR; Tilson is short GMCR; Cortes is short crude; Cortes is short DB; Cortes is short BAC; Cortes is short Aussie; P. Najarian is long AAPL; P. Najarian is long BX; P. Najarian is long C; P. Najarian is long MSFT; P. Najarian is long TCK; P. Najarian has long calls STI; P. Najarian has long calls FCX; P. Najarian has long calls AAPL; P. Najarian has long calls AEO; P. Najarian has long calls BP; P. Najarian has long calls CLF; P. Najarian has long calls HAL; P. Najarian has long calls NBR; P. Najarian has long calls X; P. Najarian has long calls NBR; P. Najarian has long calls X; P. Najarian has long calls SSRI; P. Najarian has long calls SLV; P. Najarian has long calls FWLT; Gartman is long gold in US dollar; Gartman is long Euro’ Gartman is long Yen terms

For Jeffry Bencik
I, Jeffrey Bencik, CFA, hereby certify that the views expressed in this research report accurately reflect my personal views about any and all of the subject securities or issuers referred to in this document. Furthermore, no part of my compensation was, is or will be, directly or indirectly, related to the specific (FSLR) recommendation or views expressed in this report.

For Robert Greifeld
No disclosures

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