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| NYSE Euronext Q3 net income plunges 28% to $125 mn |
| Press Trust of India / New York Oct 30, 2009, 18:41 IST |
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NYSE Euronext today reported a 28 per cent decline in the third quarter net income at $125 million, mainly on account of lower trading volumes.
In the same period a year ago, it had a net income of $174 million, the exchange owner said in a statement.
In a separate statement, NYSE Euronext said it has signed a binding agreement with several global banks and liquidity providers to sell a significant equity interest in its future exchange, NYSE Liffe US.
The International bourse has signed agreement with Citadel Securities, GETCO, Goldman Sachs, Morgan Stanley, and UBS. However, NYSE Euronext would remain the largest shareholder in the entity.
"This partnership further demonstrates the commitment of NYSE Euronext to create exceptional value through innovation both for and with our customers," the company's chief executive Duncan L Niederauer said.
NYSE Euronext said that the third quarter 2009 results include the impact from merger expenses and exit costs, the disposition of Hugin Group BV, the sale of its holding in BM&F Bovespa and a fair value adjustment to the stake in BIDS Holdings.
Total revenues increased to $1.16 billion in the July to September period of 2009 from $1.2 billion in the same period last fiscal.
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