The Euronext unit of NYSE Euronext (NYX) said revenue rose 16% from a year ago in the first quarter, as cash transaction volume soared 28% and derivatives revenue jumped 18%.
The European derivatives exchange said profit for the quarter ended March 31 fell to 104 million euros ($140 million), or 89 euro cents a share, from 107 million euros, or 93 euro cents a share, a year earlier. Revenue rose to 310 million euros from 268 million euros a year earlier.
In cash trading, earnings before interest, taxes and amortization rose to 62 million euros from 44 million euros a year earlier, as Euronext cash transactions soared to 74 million euros from 58 million euros a year earlier.
In derivatives, revenue jumped to 115 million euros from the year-earlier 98 million euros, driven by record volumes across all the product lines of Euronext.liffe. B-Clear, the Exchange's wholesale administration and clearing service, continued its strong success: more than 21 million contracts were dealt on the platform over the first three months of this year. During the quarter the level of expenses for Euronext's derivatives activities was stable compared to last year, resulting in a strong improvement in the profitability of this business unit.