- Revenue of $141.6 million for Q3/10, up 8% over Q3/09
- Expenses of $68.2 million for Q3/10, down 2% over Q3/09
- Diluted EPS in Q3/10 of 68 cents, up 21% over Q3/09
- Cash flows from operating activities in Q3/10 of $58.3 million, up 56% over Q3/09
TMX Group Inc. [TSX:X] announced results for the third quarter ended September 30, 2010.
Commenting on the third quarter, Thomas Kloet, Chief Executive Officer of TMX Group said: “We are very pleased with our third quarter results. The resurgence in activity across some of our key revenue drivers, combined with focused cost control led to strong growth in our bottom line. I am also excited about our recently announced initiatives designed to meet the evolving needs of our customers in Canadian equity trading. In September, we announced the introduction of new on-book non-displayed order types on Toronto Stock Exchange and TSX Venture Exchange with testing planned to begin this quarter. Also last month we submitted regulatory filings to create a new alternative trading system called TMX Select™, which will feature a simplified market structure, expanded hours and other unique features.”
Michael Ptasznik, Chief Financial Officer of TMX Group added; "Our results reflect the strong performance of our diversified business as we were able to achieve overall revenue growth while delivering fee reductions for many of our customers. This included year over year growth in energy trading and clearing as well as in fixed income trading. In addition, we are also seeing sustained momentum in domestic derivatives trading as MX trading volumes were again up in the quarter, reflecting increased trading in the key BAX® and CGB® contracts and equity options. Expenses were down in the quarter primarily as a result of our move to a more efficient technology platform.”
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