NYSE Euronext profits slip amid slow trading - Business News - Business - Evening Standard
       

NYSE Euronext profits slip amid slow trading

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10 February 2012

Further evidence of just how sluggish the end of last year was for the financial sector came today with results from the NYSE Euronext stock exchange giant.

Profits in the fourth quarter fell by 19% to $110 million (£69 million) as trading volumes remained moribund.

NYSE Euronext has just failed to tie up with Deutsche Börse, a deal that was blocked by competition authorities.

In response, NYSE Euronext says it will unveil a new year plan to lift profits in April.

Meanwhile, LCH.Clearnet, the clearing house in takeover talks with the London Stock Exchange, said full year profits rose 11% to 21 million (£15 million).

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