NYSE tripples profit

The NYSE Group, the holding company of the New York Stock Exchange and the electronic exchange Arca (formerly Archipelago), has tripled its net profit in the third quarter. NYSE reports a profit of $68 million or 43 cents per share, compared to $22 million or 19 cents of the previous year when Arca was not yet included. Wall Street analysts had predicted an EPS of 41 cents. Revenues were up 33.3 percent to reach $602.9 million (compared to $452.4 million of the previous year).

NYSE Group reports a two-digit growth rate for trading volumes in all areas. The number of listed companies reached 2704 at the end of September, compared to 2639 in September 2005. However, the quota of trade in NYSE listed shares went further down to 72.4 percent (compared to 76.3 percent in the previous quarter and 80 percent in the previous year. The quota of of trade in Nasdaq listed shares rose to 25.5 percent (compared to 25.2 percent in the previous quarter and 22.8 percent in the previous year). NYSE also confirmed the acquisition of a stake in Industry Automation Corp (SIAC), which was sold by the American Stock Exchange for $40 million. This makes NYSE a 100 percent owner of the provider of computer systems for both exchanges.

Source: Neue Zürcher Zeitung


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