Earnings fall as NYSE Euronext trading slows

PROFITS at NYSE Euronext fell 16 per cent in the second quarter as trading slowed on its shares and financial derivatives markets in New York and Europe.

The exchanges operator, in the midst of a $9bn (£5.5bn) merger with Germany’s Deutsche Boerse, earned $154m in the second quarter, down from $184m a year ago.

Futures trading at NYSE Euronext was down six per cent, while a 36 per cent fall in share trading in the US was offset by non-trading related revenue.

Group revenue was up one per cent at $661m. Reported net income to 30 June fell to $154m, against $184m a year ago, while earnings per share fell to $0.61 from $0.70 per share as the group earned less in transaction and clearing fees.

Chief executive Duncan L Niederauer said the results were “solid” considering the company was operating “in an extremely challenging environment”.