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The consolidated net after tax profits of HELEX amounted to EUR40.5m vs. EUR8.8m in 9M 2012 and are significantly increased mainly due to the recapitalization of the systemic banks. The net after tax profits per share in 9M 2013 including bond valuation differences amounted to EUR0.63 vs. EUR0.15 in the corresponding period last year.

KEY 3Q13 OPERATING AND FINANCIAL HIGHLIGHTS

  • Total trading volume across all markets up 25.3% YoY to RUB 123.9 trn.
  • Total operating income rose 11.2% YoY to RUB 6.28 bln.
  • EBITDA climbed 8.7% YoY to RUB 3.99 bln; EBITDA margin 64.0% versus 65.0% in 3Q12.
  • Net profit increased 29.8% YoY to RUB 2.85 bln; earnings per share (EPS) increased 24% YoY to RUB 1.29.

 

  • Good overall financial performance with headline revenue growth across all of the Group’s main business areas
  • Revenue up 44 per cent to £504.2 million (H1 FY 2013: £349.8 million), including five months’ contribution from LCH.Clearnet; revenue up 8 per cent on organic and constant currency basis
  • Total income (excluding unrealised gains/losses at LCH.Clearnet) up 34 per cent at £567.1 million (H1 FY 2013: £423.7 million); down 4 per cent on organic and constant currency basis
  • Underlying operating expenses kept broadly flat, reflecting continued good cost control
  • Adjusted operating profit1 up 6 per cent at £229.9 million (H1 FY 2013: £217.2 million); down 13 per cent on organic and constant currency basis; operating profit of £151.0 million (H1 FY 2013: £186.8 million)
  • Adjusted basic EPS1 of 48.2 pence (H1 FY 2013: 51.8 pence); basic EPS of 24.9 pence (H1 FY 2013: 43.0 pence)
  • Interim dividend up 4 per cent to 10.1 pence per share (H1 FY 2013: 9.7 pence per share)
  • Acquisition of majority stake in LCH.Clearnet completed in May 2013, with major project programmes now live to deliver operational efficiencies, synergies and other benefits; new LCH.Clearnet Group CEO appointed
  • SwapClear discussions are ongoing to ensure EMIR compliance
  • Numerous new products, services and projects live in the period, including: a CSD in Luxembourg; MTS swaps service; a London-based derivatives market; the launch of FTSE Super Liquid contracts; new FTSE

Main highlights for 3Q13 results

     Total revenue increased 2.7% over the previous year third quarter, reflecting growth in revenue from the derivatives market and from other revenues not related to volumes traded.

     In the BM&F segment, the average rate per contract (RPC) grew 10.6% year-over-year, reflecting changes in the mix of contracts traded and higher prices of contracts connected to the FX rate.

     In the Bovespa segment, the average value traded (ADTV) was roughly flat, despite the challenging environment. The decrease of 2.2% in the average market capitalization was offset by an increase of the turnover velocity, which reached 73.7%.

     HFT volumes increased 32.8% in the Bovespa Segment and 19.6% in the BM&F segment compared to 3Q12.

     Real Estate Investment Funds (FIIs or Fundos de Investimento Imobiliários) ADTV reached R$23.1 million, up 85.1% year-over-year.

     The average financial value of open interest positions in Securities Lending posted an increase of 26.0% year-over-year.

     The financial value of LCAs registered reached R$73.8 billion in Sep/13, 190.6% growth compared to Sep/12.

     R$225.3 million in dividends in 3Q13, totaling 80% of 3Q13 GAAP net income.

  • Revenue of $165.3 million in Q3/13, down 9% compared with Q2/13, reflecting market conditions and seasonality
  • Operating expenses of $106.4 million in Q3/13, down 7% compared with Q2/13, partially due to exceeding our synergy target
  • Diluted earnings per share of 35 cents in Q3/13
  • Adjusted diluted earnings per share of 75 cents in Q3/13, down 16% compared with Q2/13
  • Adjusted diluted earnings per share of 75 cents excludes:
  • 22 cents per share charge related to credit facility refinancing expenses
  • 4 cents per share charge related to Maple transaction and integration costs
  • 14 cents per share of amortization of intangibles related to acquisitions
  • Expected Q4/13 interest savings of about $3.5 million before tax following Q3/13 refinancing transactions.

The Board submits the unaudited consolidated results of the Group for the nine months ended 30 September 2013.

 

  • Diluted non-GAAP EPS of $0.53, up 21% compared to 3Q12
  • Net revenue of $574 million up 3% compared to 3Q12
  • Fixed operating expenses of $372 million, down 5% on constant dollar / portfolio basis vs. 3Q12
  • Operating income of $202 million, up 18% compared to 3Q12
  • Debt-to-EBITDA ratio 2.1 times, down from 2.5 times at end of 2012
  • Trading value soars 502.2% during the third quarter of the year to AED 49.02 Billion exceeding the full year of 2012
  • Essa AbdulFattah Kazim:Leading the best performing exchanges globally reaffirms the soundness of DFM Company’s strategy; The return of the normal dynamic rhythm of trading activity promises a new beginning for DFM

 

IntercontinentalExchange, Inc. (NYSE: ICE) reported financial results for the third quarter of 2013. Consolidated revenues were $338 million, an increase of 5% from the third quarter of 2012. Consolidated net income attributable to ICE was $141 million, up 8% from the third quarter of 2012, and diluted earnings per share (EPS) increased 7% over the third quarter to $1.92 on a GAAP basis.

 

CME Group Inc. (NASDAQ: CME) reported revenues of $715 million and operating income of $401 million for the third quarter of 2013. Net income attributable to CME Group was $237 million and diluted earnings per share was $0.71. Excluding items noted in the reconciliation, adjusted earnings per share would have been $0.75.

Net revenue of €458 million

Operating costs of €236 million excluding exceptional items

Option to settle with OFAC results in a provision

Adjusted EPS of €0.83

Interest burden significantly reduced due to refinancing

 

  • Third quarter 2013 net revenues1 were a record $506 million, up 23% from the prior year quarter. On an organic basis, assuming constant currency and excluding acquisitions, net revenues increased 4% year-over-year.
  • Third quarter 2013 GAAP and non-GAAP diluted EPS of $0.66.
  • Achieved organic revenue growth year-over-year in all three non-trading business segments, Information Services, Technology Solutions, and Listing Services.
  • Non-transaction based revenues were 73% of our total third quarter 2013 net revenues, and increased 27% from the prior year quarter.
  • Third quarter 2013 is the first full quarter to reflect the acquired eSpeed and Thomson Reuters IR, PR, and Multimedia businesses, establishing new revenue and operating profit base-lines.
  • De-leveraging plan is on schedule, NASDAQ OMX paid down $98 million of debt in the third quarter of 2013.

 

  • Revenue: $184 million, up 15% from a year earlier
  • Operating profit: $107 million, up 21%
  • Net profit: $92 million, up 24%
  • Earnings per share: 8.6 cents, up 24
  • Interim dividend per share: 4.0 cents

Moscow Exchange (MOEX) announces its IFRS results for the three months ended 30 June 2013. Strong earnings were driven by growth across our highly diversified business, particularly by derivatives and money-market products.

  • Operating income rises 4.3% in the first half of 2013. All business areas contributed to this growth, particularly the international business of Payment Services
  • Earnings before interest and tax (EBIT) amount to CHF 116.6 million (-67.5%). Adjusted by the gain on disposal of the Eurex investment in 2012, EBIT increases 25.2% or CHF 23.5 million compared to the previous year. All business areas have improved their results
  • Group net profit stands at CHF 93.1 million (-72.3%). Adjusted by the gain on disposal of Eurex, Group net profit improved by 31.9% or CHF 22.5 million in comparison with the previous year
  • SIX is reporting in accordance with the International Financial Reporting Standards (IFRS) for the first time. The previous year's figures have been adjusted accordingly for the purposes of comparison

Financial highlights (all comparisons to the prior corresponding period)

• Statutory net profit $348.2 million, up 2.7%

o Earnings per share 195.5 cents, up 2.6%

 

• Underlying net profit (excluding FY12 significant items) $348.2 million, up 0.6%

o Operating revenue $617.4 million, up 1.1%

o Interest and dividend income $53.5 million, up 7.4%

o Cash operating expenses $146.2 million, up 3.6%

o Depreciation and amortisation $30.4 million, up 9.9%

o Earnings per share 195.5 cents, up 0.5%

 

• Final dividend 82.3 cents per share fully franked, down 3.3% following equity raising

o Full-year dividend 170.2 cents per share

o 90% payout ratio of underlying net profit

 

• Capital expenditure $38.9 million

o Increased investment in risk management infrastructure and new post-trade services

 

• Successful $553 million capital raising

o Expect to meet higher international capital standards

o Repay debt facility

o Fund current and future growth initiatives

 

• Participated in pro rata equity raising by IRESS in August 2013

o Took up full entitlement for a consideration of $39.3 million

  • IPO funds raised increased by 29% year-on-year
  • Commodities trading on LME platform remained strong, volume up 9% from the same period last year
  • Launched several derivatives initiatives: After-Hours Futures Trading, Stock Options Revamp, CES 120 Futures
  • Number of RMB products reached 89; Market RMB capability largely ready
  • Welcomed 12 OTC Clear founding shareholders, bringing us one step closer to the commencement of operations

BM&FBOVESPA S.A. (BVMF3) reported second quarter earnings ending June 30, 2013. Record volumes in both the equities and derivatives segments as well as growth in non-trading items delivered a boost in revenue. In addition, continued expense control during the quarter contributed to the double-digit improvement in operating performance over the prior year.

Second Quarter Financial Highlights

  • Record Quarterly Results
  • Operating Revenue Increases 14 Percent to $150.8 Million
  • GAAP Net Income Allocated to Common Stockholders Increases 20 Percent to $45.5 Million; Diluted EPS of $0.52
  • Adjusted Net Income Allocated to Common Stockholders Up 24 Percent to $47.0 Million(1); Adjusted Diluted EPS of $0.54
  • GAAP Operating Margin Expands by 20 Basis Points to 50.0 Percent; Adjusted Operating Margin Up 140 Basis Points to 51.2 Percent
  • Pre-tax profits rise to €6.3m (2011: €4.6m)
  • Primary markets remains main contributor to ISE revenues at €13.2m
  • Irish market revenue increases by 3%

Moscow Exchange (MOEX) today announces its financial results for the quarter ended March 31, 2013. The Exchange's diversified business platform continues to provide for strong year-on-year growth and margin expansion.

The consolidated net after tax profits of HELEX in Q1 2013 amounted to €4m vs. €4.8m in Q1 2012, reduced by 16.5%. The net after tax profits per share including bond valuation differences amounted to €0.06 vs. €0.09 in the corresponding period last year.

 

  • Revenue of $172.2 million in Q1/13
  • Diluted earnings per share of 70 cents in Q1/13
  • Adjusted diluted earnings per share of 78 cents, excluding 3 cents per share of Maple transaction and integration costs, 16 cents per share of amortization of intangible assets related to acquisitions, and 11 cents per share related to reduction in income tax expense due to recognition of deferred income tax asset
  • Cash flows from operating activities of $57.7 million in Q1/13

The Board submits the unaudited consolidated results of the Group for the three months ended 31 March 2013.

  • Further strong progress as the Group delivers on its strategy for growth, increased global scale and reach
  • Good financial and operational performance from an increasingly diversified business against a backdrop of challenging markets
  • Revenue up 7 per cent at £726.4 million (2012: £679.8 million); adjusted total income1 up 5 per cent at £852.9 million (2012: 814.8 million)
  • Core operating costs1 held flat, before impact of acquisitions and FX; operating expenses1 up 12 per cent to £422.7 million, reflecting acquisitions (2012: £378.8 million) •
  • Adjusted operating profit1 3 per cent lower at £430.2 million (2012: £441.9 million); operating profit also 3 per cent down at £348.4 million (2012: £358.5 million)
  • Adjusted profit before tax1 down 5 per cent at £380.7 million (2012: £400.6 million); profit before tax of £298.9 million (2012: £639.7 million, which included recognition of the increased value in FTSE)
  • Adjusted basic EPS1, including tax credits, up 5 per cent at 105.3 pence (2012: 100.6 pence); basic EPS of 80.4 pence (2012: 193.6 pence, including recognition of the increased value of our interest in FTSE)
  • Proposed final dividend up 4 per cent to 19.8 pence per share; total dividend for the year increased 4 per cent to 29.5 pence per share. The final dividend will be paid on 19 August 2013 to shareholders on the register on 26 July 2013
  • Completion of acquisition of majority stake in LCH.Clearnet on 1 May 2013; work is underway to achieve the benefits of this transformational deal

1 before acquisition amortisation and non-recurring items

First Quarter Financial Highlights

  • Record First Quarter Results
  • Operating Revenues Increase 18 Percent to $142.7 Million
  • GAAP Net Income Allocated to Common Stockholders Increases 27 Percent to $41.8 Million; Diluted EPS of $0.48
  • Adjusted Net Income Allocated to Common Stockholders Up 33 Percent to $43.9 Million(1); Adjusted Diluted EPS of $0.50(1)
  • GAAP Operating Margin Expands by 140 Basis Points to 48.7 Percent; Adjusted Operating Margin Up 340 Basis Points to 50.9 Percent(1)
  • 1Q13 GAAP Diluted EPS of $1.85
  • 1Q13 GAAP Net Income Attributable to ICE of $135MM
  • 1Q13 Revenues of $352MM

CME Group Inc. (NASDAQ: CME)  reported revenues of $719 million and operating income of $406 million for the first quarter of 2013. Net income attributable to CME Group was $236 million and diluted earnings per share were $0.71.

ASX Limited (ASX) has provided an earnings update for the nine months to 31 March 2013. The update is provided ahead of ASX’s participation at an Australian investor conference in Sydney.

Net revenue of €484.3 million

Operating costs of €229.5 million after adjustments

Adjusted earnings per share of €0.92

 

  • First Quarter GAAP Diluted EPS of $0.52 vs. $0.34 in Prior Year
  • Non-GAAP Diluted EPS of $0.57, Up 21% Excluding Merger Expenses, Exit Costs and Discrete Items
  • Global Leader in IPOs Year-to-Date; Share of Tech IPOs at 75%
  • Cumulative $147 Million in Project 14 Cost Savings Achieved; 59% of $250 Million Project 14 Goal
  • Shareholder Vote for ICE Transaction Scheduled for June 3; Integration Planning Well Underway
  • The net profit improves from the two preceding quarters by +8.6% (4Q12) and +6.3% (3Q12) but is down 7.1% from the first quarter 2012
  • Revenue for the first quarter stood at €73 million, down 5.6% on the same period in 2012
  • Investment flows channelled through the exchange reached €7.9 billion in the first quarter of 2013, up 15.3% from the same period a year earlier
  • EBITDA decreased by 8.5% to €47.9 million
  • The efficiency ratio is 34.5%, more than 12 points above the average for the sector
  • Return on Equity (ROE) was 31%, over 17 points above the sector average

 

  • Revenue: $191 million ($164 million in 3Q FY2012)
  • EBITDA: $126 million ($103 million) and Net Profit: $98 million ($78 million)
  • Earnings per share: 9.1 cents (7.3 cents)
  • Interim Dividend per share: 4.0 cents (4.0 cents)

 

- Operating revenues: NT$6,577m ($226.48m), a decrease of 16.95% compared to 2011

- Operating expenses and costs: NT$4,872m ($167.77m), a decrease of 0.63% compared to 2011

- Net operating income: NT$1,705m ($58.71m), a decrease of 43.47% compared to 2011

- Net income: NT$2,145m ($73.86m), a decrease of 34.36% compared to 2011   

- Basic earnings per share (after tax): NT$3.5(Par = NT$10), a decrease of 34.21% compared to 2011

 

Moscow Exchange (MOEX) announces its financial results for the year ended December 31, 2012. Higher volumes on FX and Money Markets as well as increased interest income resulted in strong growth in revenues and net income year-over-year.

The JSE has delivered a steady financial performance in 2012, with strong results in a number of business areas offsetting a tough year in equity trading and demonstrating the success of the Group’s strategy to offer a full range of products and services to clients.  

 

The Board of Directors of Hellenic Exchanges approved the Annual Financial Report for fiscal year 2012 (1.1.2012 to 31.12.2012), and has decided to propose to the next Annual General Meeting of shareholders, which will take place on May 29rd 2013, to distribute €0.07 per share as ordinary dividend. In addition, the Board decided to propose to distribute €0.05 per share as special dividend (share capital return). The record date and payment date for the special dividend will be decided by the General Meeting of the Company’s shareholders. The Company will inform investors about the exact dates, as soon as they are determined.

 

The Board submits the Group’s consolidated results for the year ended 31 December 2012.

BME reported net profit of €135.5 million in 2012, down 12.7% year-on-year. The fourth quarter of 2012 closed with adjusted profit of €30.4 million, a year-on-year decline of 17.2%.

Operating costs in the quarter were down 2.4% to €23.7 million, putting total 2012 operating costs at €98.9 million, a slight increase of 0.6% from the costs posted in 2011 and clearly below the annual rate of inflation.

In 2012 revenue totalled €296.2 million, down 7.8% on 2011. In the fourth quarter, revenue came in at €67 million, down 12.8% from the same period in 2011.

WSE Group’s consolidated results for 2012 (PolPX results consolidated as of March 2012):

  • Sales revenues: PLN 273.8 million (+1.9% YoY)
  • Operating profit: PLN 125.3 million (-6.3% YoY)
  • Net profit: PLN 106.2 million (-20.8% YoY)
  • EPS: PLN 2.52 (PLN 3.19 in 2011)

 

BM&FBOVESPA S.A. (BVMF3) reported fourth quarter earnings ending December 31, 2012. Higher volumes in both equities and derivatives segments coupled with disciplined expense management resulted in solid revenue growth and improved operating performance year-over-year.

 

Deutsche Börse AG published its preliminary figures for the fourth quarter and the financial year 2012 on Tuesday. Net revenue declined by 9 per cent in financial year 2012 to €1,932.3 million (2011: €2,121.4 million) due to the challenging market environment. As a result of historically low key interest rates, net interest income from the banking business decreased to €52.0 million (2011: €75.1 million), in spite of higher average customer cash deposits.

Fourth Quarter Financial Highlights

  • Operating Revenues Increase 8 Percent to $130.1 Million
  • GAAP Net Income Allocated to Common Stockholders Increases 25 Percent to $39.2 Million; Diluted EPS Up 29 Percent to $0.45
  • GAAP Operating Margin of 45.9 Percent; Adjusted Operating Margin of 49.9 Percent, Up 300 Basis Points(1)

2012 Full-Year Financial Highlights

  • Operating Revenues of $512.3 Million Increases 1 Percent(1)
  • GAAP Net Income Allocated to Common Stockholders Increases 14 Percent to $155.3 Million; Diluted EPS Up 17 Percent to $1.78
  • GAAP Operating Margin of 47.6 Percent; Adjusted Operating Margin of 48.7 Percent, Up 30 Basis Points

 

CME Group Inc. (NASDAQ: CME) reported revenues of $661 million and operating income of $376 million for the fourth quarter 2012. Net income attributable to CME Group was $167 million and diluted earnings per share were $0.50.

 

  • Revenue of $181.1 million in Q4/12
  • Diluted earnings per share of 61 cents in Q4/12
  • Adjusted diluted earnings per share of 95 cents, excluding 18 cents per share of
    Maple Transaction and Integration costs and 16 cents per share of amortization of
    intangible assets related to acquisitions.
  • Cash flows from operating activities of $29.8 million in Q4/12

IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, reported financial results for fourth quarter and full year 2012. Consolidated net income attributable to ICE for the quarter grew 2% to $129 million on consolidated revenues of $323 million, down 1% compared to the prior fourth quarter. Diluted earnings per share (EPS) in the quarter increased 2% to $1.76.

Financial and Operating Highlights

  • Diluted EPS of $0.43, down from $0.50 in 4Q11
  • Net revenue of $562 million, down 11%, including $4 million negative FX impact
  • Fixed operating expenses of $392 million, down 9% on a constant dollar / portfolio basis
  • Operating income of $170 million, down 20%, including $3 million negative FX impact
  • Repurchased 1.1 million shares at average price of $24.67 in 4Q12 and 17.0 million shares in FY 2012
  • Board declares first quarter 2013 cash dividend of $0.30 per share

 

Deutsche Börse Group’s preliminary net revenue in 2012 amounted to around €1,930 million. Preliminary operating costs adjusted for special items stood at around €920 million, in-line with the company’s guidance. The adjusted preliminary EBIT amounted to around €1.0 billion and the adjusted preliminary net income to around €660 million.
 

 

The Japan Exchange Group announced that the consolidated earnings forecast for the fiscal year from April 1, 2012 to March 31, 2013 and the dividend forecast announced on December 18, 2012 have been revised.  

 

Key Financial & Market Highlights
(FY2012 Vs FY2011)
  • Net profit at RM151.5 million, up 4%
  • Operating revenue at RM388.5 million, up 2%
  • Operating expenses at RM211.1 million, down 1%
  • Average daily trading value for securities market at RM1.67 billion, down 7%
  • Market capitalisation as at 31 December 2012 at RM1.47 trillion, up 14%
  • Velocity at 28%, down 5%points
  • Average daily contracts traded for derivatives market at 39,387 contracts, up 14%

 

  • Fourth quarter 2012 non-GAAP diluted EPS of $0.64, tied for the second highest quarterly performance in the firm's history; fourth quarter 2012 GAAP diluted EPS of $0.50
  • Fourth quarter net exchange revenues1 reach $419 million, the highest non-GAAP net exchange revenue level of the year. On an organic basis (constant currency and excluding acquisitions) fourth quarter revenue declined by 3 percent year-over-year
  • Non-transaction based revenues were 71 percent of fourth quarter net exchange revenue, tied for the highest level in NASDAQ OMX's history
  • 2012 non-GAAP operating expenses of $918 million came in below previous guidance range of $922 to $935 million
  • Repurchased 11.5 million shares at an average price of $23.82 for a total cost of $275 million in 2012

 

2012 Q2 results (June 30, 2012: $1 = NT$29.88)

- Operating revenues: NT$1,989m ($66.57m), a decrease of 21.9% compared to 2011 Q2

- Operating expenses and costs: NT$1,660m ($55.56m), a decrease of 5.21% compared to 2011 Q2

- Net operating income: NT$ 329m ($11.01m), a decrease of 58.68% compared to 2011 Q2

- Net income: NT$845m ($28.28m), a decrease of 37.29% compared to 2011 Q2    - Basic earnings per share (after tax): NT$1.38 (Par = NT$10), a decrease of 37.27% compared to 2011 Q2

 

In Q3 2012, the Warsaw Stock Exchange Group reported a net profit of PLN 25.9 million, a decrease of 32.0% compared to Q3 2011 which was marked by one of the highest net profits in the history of the Exchange. The relatively smaller decrease in the operating profit (down by 8.4%) and EBITDA (down by 10.3%) express the change in the funding structure of the WSE implemented over the last 12 months accompanied by a significant expansion of the sources of revenue owing to the acquisition of the Polish Power Exchange and the continuous development of the Group’s offer.

 

TMX Group Limited [TSX:X] announced results for the third quarter ended September 30, 2012 which reflected operating activity for its recent acquisitions TMX Group Inc., The Canadian Depository for Securities Limited (CDS) and Alpha Trading Systems Inc. and Alpha Trading Systems Limited Partnership (collectively, Alpha), for August and September, 2012.

 

BM&FBOVESPA S.A. (BVMF3) reported third quarter earnings ending September 30, 2012. The Bovespa segment recorded its second strongest performance to-date. This performance together with higher Rate per Contract (RPC) for derivatives and growth in non- trading and settlement segments delivered solid revenue increase. Also, expense control in the quarter contributed to improve operating performance.

 

In the third quarter of 2012, global financial markets continued to be affected by macroeconomics which has undermined investor confidence. The Hong Kong stock market was of no exception. For the first nine months of 2012, the average daily turnover value on our securities market declined by 27 per cent from the same period last year, while the average daily number of futures and options contracts traded on our derivatives market dropped by 16 per cent year-on-year. The Group’s profit attributable to shareholders for the nine months ended 30 September 2012 was $3.2 billion, a drop of about 16 per cent against that of last year.

 

IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global markets and clearing houses, reported financial results for the third quarter of 2012. Consolidated revenues were $323 million, a decrease of 5% compared to the third quarter of 2011. Consolidated net income attributable to ICE was $131 million, down 1% versus the third quarter of 2011. Diluted earnings per share (EPS) were $1.79, down 1% from the prior third quarter.

 

  • Diluted EPS of $0.44, down from $0.71 in 3Q11, which benefited from extreme market volatility
  • Net revenue of $559 million, down 21%, including $20 million negative FX impact
  • Fixed operating expenses of $388 million, down 7% on a constant dollar / portfolio basis
  • Operating income of $171 million, down 41%, including $10 million negative FX impact
  • Repurchased 4.7 million shares at average price of $25.46; 15.9 million shares year-to-date
  • Board declares fourth quarter 2012 cash dividend of $0.30 per share

 

BME posted a net profit of €105.1 million in the first nine months of 2012, down 11.3% from the same period a year earlier. Net profit for the third quarter was €31 million.

Deutsche Börse AG published its results for the third quarter 2012, which continued to be dominated by a markedly weak market environment. At €471.0 million, net revenue was considerably lower than in the previous year (Q3/2011: €578.6 million). In the prior-year period market participants had entered into more hedges than usual and regrouped their portfolios more frequently due to substantial volatility connected with the turbulence in the euro zone and the downgrade of the US credit rating. Despite increased expenses for growth initiatives, the Group’s adjusted operating costs amounted to €225.6 million, virtually on a level with the previous year. Adjusted for special items, earnings per share amounted to €0.87 in the third quarter of 2012.

 

OSE issued Financial Statements [2nd Quarter Results of Fiscal Year 2012].

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) reported results for the third quarter of 2012. Third quarter net exchange revenues were $409 million, down six percent compared to the third quarter of 2011. Excluding the impact of foreign currency, third quarter 2012 net exchange revenues declined four percent year-over-year.

 

CME Group Inc. (NASDAQ: CME) reported revenues of $683 million and operating income of $396 million for the third quarter 2012. Net income attributable to CME Group was $218 million and diluted earnings per share were $0.66.

  • Revenue: $160 million ($178 million in 1Q FY2012)
  • EBITDA: $97 million ($115 million) and Net Profit: $74 million ($88 million)
  • Earnings per share: 7.0 cents (8.2 cents)
  • Interim Dividend per share: 4.0 cents (4.0 cents)

All figures are for the quarter except for figures in brackets which are for a year earlier unless otherwise stated

Moscow Exchange Group reported strong growth in revenue and net profit in the first half of 2012.

According to consolidated accounting statements under IFRS, the Group posted net profit of RUB 4.22 billion, up 28% versus MICEX results for the same period in 2011 (RUB 3.29 billion).
 

Bursa Malaysia Berhad announced profit after tax and minority interest (PATAMI) of RM115.8 million for the nine months period ended 30 September 2012; compared to the PATAMI of RM114.8 million for the same period last year.

• H1 net profit at PLN 60.2 million, down by 15.7% YoY
• Revenue from the financial market at PLN 108.3 million, down by 19.4%
• Revenue from the commodity market at PLN 23.9 million v. PLN 0.8 million a year ago
• Total sales revenue at PLN 134,0 million, down by 2.5%
• Operating profit at PLN 67 million, down by 7.3%
• EBITDA at PLN 81.6 million, down by 9.3%
• EBITDA margin at 60.9%, down by 4.6 percentage points
• ROE at 24.9%, up by 1.2 percentage points
• EPS at PLN 1.41

 

SIX posted upbeat results in the first half of 2012. While operating income fell by 7.4% toCHF 582.3 million, Group net income more than doubled year-on-year to CHF 250.9 million, mainly due to the income from the sale of the Eurex participation. Adjusted for the Eurex effect in both reporting periods and in local currency, operating income was in line with the year-back figure, and Group net income was up 47.9% at CHF 78.8 million.

Financial Highlights

  • Statutory profit after tax $339.2 million, down 3.7%
    • Earnings per share 193.7 cents, down 3.9%&
  • Underlying profit after tax (excluding significant items) $346.2 million, down 2.9%
  • Operating revenue $610.4 million, down 1.2%
  • Interest and dividend revenue $49.8 million, up 5.1%
  • Cash operating expenses $141.1 million, up 4.1%
  • Earnings per share 197.6 cents, down 3.1%&
  • Full-year dividend 177.9 cents per share, down 2.9%
  • Payout ratio 90% of underlying profit after tax&
  • Redundancies and premises consolidation
  • New data centre completed and operational
  • Initiatives tracking to plan
  • Final dividend 85.1 cents per share fully franked, down 8.5%
  • Significant items $7.0 million after tax
  • Capital expenditure $39.1 million in line with guidance

BM&FBOVESPA S.A. (BVMF3) reported second quarter earnings ending June 30, 2012. Higher volatility and foreign investor activity coupled with diverse interest rate expectations generated record volumes in both Bovespa and BM&F segments. Expense control in the quarter also drove strong growth in EBITDA compared to 2Q11.

 

Deutsche Börse AG published its figures for the second quarter of 2012 on Thursday. The Company’s sales revenue rose to €555.0 million. This corresponds to a 5 percent increase compared with the second quarter of 2011 (€528.6 million), now that 100 percent of Eurex’s sales revenue is attributable to Deutsche Börse following its full acquisition. Despite an overall weak financial market environment, the Company’s net revenue remained stable at €506.7 million.

This is mainly the result of the considerable increase of trading volumes in index derivative products as well as the Eurex acquisition.

  • Revenues rise 4% to €21.3m in 2011 (2010: €20.5m)
  • Pre-tax profits before an exceptional pension charge of €2m were €6.6m (2010: €5.5m)
  • International revenue marginally up despite historically low product issuance globally
  • Irish revenue up 13% on the back of stronger trading volumes in the Irish market

 

The consolidated net after tax profits of Hellenic Exchanges Group in Q1 2012 amounted to €4.8mvs. €9.2m in Q1 2011, reduced by 48%. The net after tax profit per share in Q1 2012, after taxes and the valuation of bonds in the Group’s portfolio amounted to €0.09 vs. €0.14 in the corresponding period last year, posting a smaller – 35.7% - reduction, due to the gain from the remaining bonds in the Group’s portfolio.

 

- Revenue of $162.3 million in Q1/12, down 7% from Q1/11 and in line with Q4/11
- Diluted earnings per share of 76 cents in Q1/12, down 10% over Q1/11 and up 9% from Q4/11
- Adjusted diluted earnings per share of 76 cents in Q1/12, down 22% over Q1/11 and up 3% from Q4/11
 

BM&FBOVESPA S.A. (BVMF3) reported first quarter earnings ending March 31, 2012. Foreign investors drove strong trading performance in the Bovespa segment, boosting activity by 11.4% quarter-over-quarter. Strong adjusted EBITDA margin growth also benefitted as reduced adjusted Opex came in line with the Company’s 2012 targets.

Profit attributable to shareholders decreased to $1,148 million in the first quarter of 2012 against$1,238 million for the same period in 2011.   The decrease was mainly due to lower turnover-related income and higher operating expenses, but partly offset by higher net investment income.

IntercontinentalExchange, Inc. (NYSE: ICE) reported financial results for the first quarter of 2012. Consolidated revenues were a record $365 million, up 9% from the first quarter of 2011. Consolidated net income attributable to ICE was a record $148 million, up 15% from the first quarter of 2011, and diluted earnings per share (EPS) increased 16% to a record $2.02. Operating income grew 11% from the prior first quarter to a record $225 million and cash flow from operations increased 19% to $186 million.

NYSE Euronext (NYX) reported net income of $87 million, or $0.34 per diluted share, for the first quarter of 2012, compared to net income of $155 million, or $0.59 per diluted share, for the first quarter of 2011.  Results for the first quarter of 2012 and 2011 include $31 million and $21 million, respectively, of pre-tax merger expenses and exit costs.  The $31 million in merger expenses and exit costs in the first quarter of 2012 included $16 million related to the terminated merger with Deutsche Boerse AG.  In the first quarter of 2012, the GAAP effective tax rate included the release of a non-cash reserve related to a favorable settlement with the UK tax authorities, which was more than offset by a discrete, non-cash tax expense.  Excluding merger expenses, exit costs and discrete tax items, net income in the first quarter of 2012 was $121 million, or $0.47 per diluted share, compared to $177 million, or $0.68 per diluted share, in the first quarter of 2011.

BSE's consolidated financial results for the year ended 31 March, 2012

Deutsche Börse AG published its figures for the first quarter of 2012 on Thursday 26 April. At €552.4 million, the Group’s sales revenue remained virtually stable despite reduced activity on the financial markets. This was mainly due to the full acquisition of Eurex from the Swiss exchange organisation SIX Group. The Group’s operating costs rose to €248.6 million and include exceptional items amounting to €22.9 million, like costs for the prohibited merger with NYSE Euronext, and higher scheduled investments in growth initiatives. Therewith, operating costs are in line with the full year guidance. Earnings per share, adjusted for exceptional cost items and a financial expense from the valuation of the share component of the agreement with SIX Group, amounted to €1.01 in the first quarter of 2012.

CME Group Inc. (NASDAQ: CME) reported first-quarter 2012 revenues of $775 million and operating income of $451 million.  First-quarter net income attributable to CME Group was $267 million and diluted earnings per share were $4.02.

 

- Income for the first quarter stood at €77.4 million, down 8.9% on the same figure for 2011 
- Investment flows in listed shares channelled through the exchange reached €6.9 billion in the first quarter of 2012 
- EBITDA decreased by 13.4% to reach €52.3 million 
- The efficiency ratio for first quarter is 32.4%, outperforming more than 12 points the average for the sector 
- Return on Equity (ROE) was 31.2% in the first quarter, representing a lead of more than 13 points over the sector average 
 

OSE issued Financial Statements [Fiscal Year 2011 Results]

- Statutory profit after tax $256.3 million, down 2.9% - Underlying profit after tax (excluding significant items) $261.6 million, down 2.7%o - Operating revenue $454.2 million, down 1.4%o - Interest and dividend revenue $40.9 million, up 6.7% - Cash operating expenses $104.8 million, up 4.3%

JSE Limited produced a sound set of annual results for the year ended December 2011, despite continued testing market conditions. Strong revenue performance and cash flows, and tight operating cost control for the year resulted in headline earnings per share of 562.4 cents, 29% higher than 2010’s 436.1 cents per share.

- Revenue: $163.6 million ($168.8 million in 3Q FY2011)
- EBITDA: $102.8 million ($103.4 million) and Net Profit: $77.8 million ($67.0 million)
- Earnings per share: 7.3 cents (6.3 cents)
- Interim Dividend per share: 4.0 cents (4.0 cents)

SIX expanded its international business volume and position in important markets in the 2011 business year. Operating income in 2011 was 3.0% higher at CHF 1,257.7 million, while Group net income rose by 25.9%, or CHF 45.0 million, to CHF 218.6 million thanks to special effects. However, the difficult market environment worldwide has affected the profitability of SIX – the operating result declined in particular since the fourth quarter of 2011, and the outlook for 2012 is cautious. After adjustments of the special effects, the operating result is actually 4.7% below that of the previous year.

The difficult market environment worldwide and the strong Swiss franchave affected the profitability of SIX Group. Although SIX Group generated a profit of CHF 216 million in fiscal 2011 thanks to special effects, the operating result declined, in particular since the fourth quarter of 2011,and the outlook for 2012 is cautious. The Board of Directors has therefore initiated measures to secure competitiveness. Among other things, the cost basis is to be decreased by CHF 30 million. In addition to a targeted reduction of non-personnel costs, SIX also expects to cut some 150 positions.

The JSE recorded a satisfactory operating year in 2011. Strong revenue performance and cash flows, and tight operating cost control for the year resulted in headline earnings per share of 562.4 cents, 29% higher than 2010’s 436.1 cents per share.

Consolidated results of WSE Group:

• Sales revenues: PLN 268.8 million, up by 19.1%
• Operating profit: PLN 133.7 million, up by 45.7%
• Record-high turnover on markets in shares
• Net profit: PLN 134.1 million, up by 41.5%
• EBITDA: PLN 164.7 million, up by 34.4%
• EBITDA margin: 61.3%, up by 7 percentage points
• ROE: 25.6%, up by 7.4 percentage points
• EPS: PLN 3.2
• Addition of the commodity market to WSE Group

The Board of Directors of Hellenic Exchanges, at its meeting, approved the Annual Financial Report for fiscal year 2011 (1.1.2011 to 31.12.2011), and has decided to propose to the next Annual General Meeting of shareholders, which will take place on May 23rd 2012, to distribute €0.11 per share as ordinary dividend. In addition, the Board decided to propose to distribute €0.08 per share as special dividend (share capital return). The record date and payment date for the special dividend will be decided by the General Meeting of the Company’s shareholders. The Company will inform investors about the exact dates, as soon as they are determined.

Profit attributable to shareholders increased to $5,093 million for the year ended 31 December 2011 against $5,037 million for 2010 mainly due to higher turnover-related income and other income. However, this was offset by an increase in operating expenses and a drop in net investment income due to the downturn of the markets caused by worries over the Eurozone sovereign debt crisis and economic uncertainty in the second half of the year.

Stripping out extraordinary items, BME’s net profit was 3.3% higher than in 2010

* Operating costs in 2011 fell by 4.7% and EBITDA remained flat
* In 2011 revenue totalled €321.4 million, down 1.5% on 2010
* The efficiency ratio (30.6%) is around 14 points above the sector average
* Return on equity (ROE) was 35.1%, 17 points above the sector average
* Net profit totalled €36.7 million in 4Q2011, 2.3% lower than in the same period in 2010

BM&FBOVESPA S.A. (BVMF3) reported fourth quarter earnings ending December 30, 2011. New strategic areas such as Securities Lending, Tesouro Direto, ETFs and High Frequency Trading (HFT) performed well in the quarter. Successful implementation of the derivatives and spot FX modules of the PUMA Trading System and forward momentum on the multi-asset integrated clearing system further boosted the Company’s technological edge.

LCH.Clearnet Group Limited (LCH.Clearnet) announces its results for the year ended 31 December 2011.

Financial highlights

* Underlying net revenues up 16% to €387.2 million (2010: €335.0 million)
* Underlying operating profit up 81% to €106.9 million (2010: €58.9 million)
* Clearing income up 16%
* Net investment income up 21%
* Strong volume growth across all key business areas
* Tier 1 capital ratio of 17.3%
* Expansion of multi asset offering - FX ready to launch and CDS service to be enhanced in 2012

* Diluted earnings per share∇ of $3.17 in 2011, down 1% compared with diluted earnings per share of $3.19 in 2010
* Adjusted diluted earnings per share of $3.57 in 2011, up 11% compared with adjusted diluted earnings per share of $3.21 in 2010
* Revenue of $161.7 million in Q4/11, down 7% from Q4/10
* Q4/11 diluted earnings per share∇ of 70 cents, down 22% from Q4/10
* Adjusted diluted earnings per share of $0.74 in Q4/11, down 20% compared with adjusted diluted earnings per share of $0.92 in Q4/10

IntercontinentalExchange, Inc. (NYSE: ICE) reported financial results for fourth quarter and full year 2011. Consolidated revenues rose 15% from the prior fourth quarter to $327 million. Consolidated net income attributable to ICE for the quarter grew 28% to $127 million. Diluted earnings per share (EPS) in the quarter increased 29% to $1.73.

NYSE Euronext (NYX) reported net income of $110 million, or $0.43 per diluted share, for the fourth quarter of 2011, compared to net income of $135 million, or $0.51 per diluted share, for the fourth quarter of 2010. Results for the fourth quarter of 2011 and 2010 include $46 million and $18 million, respectively, of pre-tax merger expenses and exit costs. Fourth quarter 2011 results also include a net pre-tax charge of $25 million related to the settlement of a tax matter with French authorities related to BlueNext, a joint venture with Caisse des Depots. The $46 million in merger expenses and exit costs in the fourth quarter of 2011 included $38 million related to the proposed merger with Deutsche Boerse AG. Excluding merger expenses, exit costs, the BlueNext tax settlement and discrete tax items, net income in the fourth quarter of 2011 was $130 million, or $0.50 per diluted share, compared to $120 million, or $0.46 per diluted share, in the fourth quarter of 2010. For the full-year 2011, on the same basis, net income was $653 million, or $2.48 per diluted share compared to net income of $548 million, or $2.09 per diluted share for full-year 2010.

CBOE Holdings, Inc. (NASDAQ: CBOE) reported GAAP net income allocated to common stockholders of $31.3 million, or $0.35 per diluted share, in the fourth quarter 2011 compared with $30.7 million, or $0.31 per diluted share in the fourth quarter of 2010. On an adjusted basis, net income allocated to common stockholders increased 10 percent to $33.2 million, or$0.37 per diluted share, compared with $30.2 million, or $0.31 per diluted share, in the prior year period. Adjusted operating revenues for the fourth quarter were $120.2 million, an increase of 6 percent compared to $113.0 million in 2010's fourth quarter.

The NASDAQ OMX Group, Inc. ("NASDAQ OMX®") (Nasdaq:NDAQ) reported strong results for the fourth quarter of 2011. Net income attributable to NASDAQ OMX for the fourth quarter of 2011 was $82 million, or $0.45 per diluted share, compared with $110 million, or $0.61 per diluted share, in the third quarter of 2011, and $137 million, or $0.69 per diluted share, in the fourth quarter of 2010. For the full year of 2011, net income attributable to NASDAQ OMX was $387 million, or $2.15 per diluted share.

CME Group Inc. (NASDAQ: CME) reported full-year 2011 results, primarily driven by a 10 percent increase in overall average daily volume. During the year, the company posted annual average daily volume records across the foreign exchange, agricultural commodities, energy and metals product lines.

- Continued strong operational and financial performance in Q3
- Total income up 17 per cent on Q3 last year at £196.3 million (up 13 per cent on organic constant currency basis); 9 months year-to-date up 19 per cent, to £582.8m (up 18 per cent on organic constant currency basis)
- Post Trade Services total income increased 50 per cent, driven by further sequential (over Q2) growth in treasury management income from clearing operations
- Capital Markets revenues decreased 4 per cent with growth in annual fee income, derivatives revenues and Italian cash equities trading offset by lower IPO activity and weaker fixed income and UK cash equities trading
- Information Services revenues rose 24 per cent in total, reflecting operational growth and the initial benefits of the FTSE acquisition which includes adjustment to royalties previously recognised 3 months in arrears; organic growth was good at 4 per cent, with increases in both real time data income and revenue from other information products
- Technology Services revenues up 15 per cent, mostly driven by growth from MillenniumIT
- Acquired the outstanding 50 per cent of FTSE, giving the Group full control of this strategically important, high growth global indices business - FTSE EBITDA for the year ended 31 December 2011 grew 34 per cent to £53.6 million
- Exclusive discussions with LCH.Clearnet and broader related stakeholder engagement continue

OSE issued Financial Statements [3rd Quarter Results of Fiscal Year 2011]

- Net Income: USD 6.239 m, an increase of 15% compared to June 30th 2011.
- Operating income/lost: USD 17.269 m, an increase of 156% compared to June 30th 2011.
- Operating Revenue: USD 25.574 m, an increase of 166% compared to June 30th, 2011.

The Board submits the unaudited consolidated results of the Group for the nine months ended30 September 2011. The Group recorded a profit attributable to shareholders of $3,821 million for the first nine months of 2011

* Strong financial performance, increased revenues across all business segments, continued cost discipline
* Successful diversification strategy delivering tangible results, providing growth, performance and resilience
* Total income up 20 per cent at £386.5 million (H1 FY 2011: £321.1 million); revenue of £328.1million up 9 per cent (H1 FY2011: £300.6 million)
* Profit before tax up 79 per cent at £179.7 million (H1 FY 2011: £100.2 million); adjusted operating profit up 38 per cent at £214.3 million (H1 FY 2011: £154.8 million)
* Basic EPS up 86 per cent at 43.1 pence (H1 FY 2011: 23.2 pence); Adjusted EPS up 48 per cent at 47.6 pence (H1 FY 2011: 32.2 pence)
* Interim dividend of 9.3 pence per share, up 6 per cent (H1 FY 2011: 8.8 pence per share)

BSE condensed consolidated Financial Result for the period ended September 30, 2011

The WSE Group closed Q3 2011 with record-high sales revenues exceeding PLN 70.4 million and a net profit of PLN 38.1 million, which was PLN 15.9 million more than a year earlier. The incremental consolidated profit of the Group in Q1-3 was PLN 109.6 million, an increase of 43% year on year and 15.6% more than the annual profit of 2010. The very good results were driven by sustainable growth of all the main business segments of the Group.

OJSC RTS demonstrated a significant increase in net profit for the nine months ended 30 September 2011, according to its RAS financial statements.

BM&FBOVESPA S.A. (BVMF3) posted a solid bottom line performance for the third quarter ending September 30, 2011, thanks to double-digit growth in equity and derivatives trading volumes with a record showing in High Frequency Trading (HFT) and a 6.6% year-over-year drop in adjusted operating expenses (Opex).

TMX Group Inc. [TSX:X] announced results for the third quarter ended September 30, 2011.

The consolidated net after tax profits of HELEX in the first nine months of 2011 amounted to €21.8m compared to €22.2m in the corresponding period last year, slightly reduced by 1.5%, despite a significant drop in the trading activity compared to the same period in 2010.

CBOE Holdings, Inc. reported record financial results for the third quarter of 2011, highlighted by strong double-digit growth in revenues, operating income and net income. The company reported GAAP net income allocated to common stockholders of $40.6 million, or $0.45 per diluted share, compared with $20.0 million, or $0.20 per diluted share in the third quarter of 2010. On an adjusted basis, net income allocated to common stockholders increased 69 percent to $44.7 million, or $0.50 per share, compared with $26.4 million, or $0.26 per diluted share, in the same period last year. Operating revenues for the third quarter were $143.6 million, an increase of 35 percent compared to $106.0 million in the third quarter of 2010.

NYSE Euronext (NYX) reported net income of $200 million, or $0.76 per diluted share, for the third quarter of 2011, compared to net income of $128 million, or $0.49 per diluted share, for the third quarter of 2010. Results for the third quarter of 2011 and 2010 include $29 million and $25 million, respectively, of pre-tax merger expenses and exit costs. The $29 million in merger expenses and exit costs in the third quarter of 2011 included $19 million related to the proposed merger with Deutsche Boerse AG. In the third quarter of 2011, our GAAP effective tax rate included a discrete deferred tax benefit of approximately $40 million related to the enacted reduction in the corporate tax rate from 27% to 25% in the United Kingdom. Excluding merger expenses, exit costs and discrete tax items, net income in the third quarter of 2011 was $186 million, or $0.71 per diluted share, compared to $121 million, or $0.46 per diluted share, in the third quarter of 2010.

IntercontinentalExchange (NYSE: ICE) reported financial results for the third quarter of 2011. Consolidated revenues increased 19% from the third quarter of 2010 to a record $341 million. Consolidated net income attributable to ICE grew 38% to a record $133 million. Diluted earnings per share (EPS) increased 40% to $1.80.

CME Group Inc. (NASDAQ: CME) reported that third-quarter revenues increased 19 percent to a record $874 million and operating income increased 29 percent to $572 million compared with third-quarter 2010. Third-quarter 2011 operating margin was 65 percent, the highest quarterly GAAP operating margin to date, and up from 60 percent in the third quarter of 2010. Operating margin is defined as operating income as a percentage of total revenues.

Tokyo Stock Exchange Group, Inc. announces its financial report for six months ended 30 September, 2011.

BME posted a net profit of €40.5 million in the third quarter, up 25.9% from a year earlier and up 11% from the previous quarter.

The Dubai Financial Market Company (PJSC) announced its financial results for the first three quarters of 2011 ending September 30th, with a 90% decline in net profit to AED 7.61 million compared to AED 77.84million in the corresponding period of 2010. The total revenue, which comprised of operational, investment and other income, reached AED 145.12 million for the first nine months of 2011 compared to AED 205 million for the corresponding period of 2010, a decrease of 29%.

SGX registered revenues of $178 million ($159 million), net profit of $88 million ($74 million) and earnings per share (EPS) of 8.2 cents (7.0 cents) in 1Q FY2012. The Board of Directors has declared an interim dividend of 4 cents (4 cents) per share, payable on 16 November 2011.

Bursa Malaysia Berhad (Bursa Malaysia) announced a net profit attributable to shareholders of the Company of RM38.6 million for the quarter ended 30 September 2011, up 39% from RM27.7 million recorded for the same period last year.

Deutsche Börse AG published its preliminary figures for the third quarter of 2011. Compared to the same period in the previous year sales revenue increased by some 20 percent to around €605 million (Q3/2010: €504.3 million). In addition to sales revenue, the Group generated net interest income from banking business of approximately €20 million (Q3/2010: €15.8 million) and other operating income of also around €20 million (Q3/2010: €11.7 million). The other operating income includes a book gain from the sale of an equity investment in the amount of some €5 million.

The NASDAQ OMX Group, Inc. ("NASDAQ OMX®") (Nasdaq:NDAQ) reported record results for the third quarter of 2011. Net income attributable to NASDAQ OMX for the third quarter of 2011 was $110 million, or $0.61 per diluted share, compared with $92 million, or $0.51 per diluted share, in the second quarter of 2011, and $101 million, or $0.50 per diluted share, in the third quarter of 2010.

In Japan's equity market during the current second quarter (cumulative), a price of the Nikkei Stock Average remained between 10,100-yen level and 8,300-yen level.

FY11 summary v FY10 prior comparable period (pcp)

A 7% increase in revenue combined with controlled operating costs led the JSE Limited, the company that operates the local bourse, to report a 22% increase in net profit after tax to R253.8 million (H1: R207.6 million). The Group declared a special dividend of 210c/share.

BM&FBOVESPA S.A. (BVMF3) today reported second quarter earnings ending June 30, 2011. BM&F segment volumes climbed a solid 5.8% year-over-year and securities lending grew 39.3% year-over-year. High frequency trading (HFT) continued to grow in the Bovespa segment, accounting for a higher 7.4% of average daily traded value (ADTV) during the second quarter.

IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of regulated global exchanges, clearing houses and over-the-counter (OTC) markets, today reported financial results for the second quarter of 2011. Consolidated revenues increased 10% to $325 million. Consolidated net income attributable to ICE was $121 million, up 19% versus the second quarter of 2010. Diluted earnings per share (EPS) increased 21% to$1.64.

Report

2010 Cost and Revenue Key Conclusions  Total revenues reached USD 27.4 bn, a still modest increase (+1.8% in constant USD terms) compared to growth rates observed between 2002 and 2008.  Profitability increased for the second consecutive year: - Net income was up 22% at USD 8.4 billion - Average net profit margin was 30% (against 26% in 2009)  Globally, members continued to improve their net income in 2010 after the record losses experienced in 2008, when some exchanges posted major impairment charges.  Average PER for listed exchanges was down 16% to 20.3  84% of members are for-profit, and 45% are publicly listed. Two exchanges were newly listed in 2010.  Trading revenues from cash markets remained the top contributor to revenues (36%), despite the sharp increase of trading and clearing fees from derivatives (+14%)

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WFE Annual Meeting, Paris 2010 - Panel 4 Global reporting standards for global markets

Panel 4 Global reporting standards for global markets Summary