TMX Group Inc. Reports Results For Second Quarter 2010

• Revenue of $142.7 million for Q2/10, up 2% over Q1/10 and up 3% over Q2/09
• Diluted EPS in Q2/10 of 64 cents, up 2% over Q2/09
• Cash flows from operating activities in Q2/10 of $73.8 million, up 47% over Q2/09

TMX Group Inc. [TSX:X] announced results for the second quarter ended June 30, 2010.

Commenting on the second quarter, Thomas Kloet, Chief Executive Officer of TMX Group said: “We were pleased with the second quarter from both a financial and operational perspective. There were a number of significant highlights over the past several months, including the opening of our vastly expanded co-location facility and the launch of a number of new NGX products. We are also encouraged by the surge in activity on Montréal Exchange, as volumes increased 32% and open interest was up 26% in the first six months over last year. For June, crude oil trading on NGX increased significantly both sequentially and year over year. We continued to witness a rebound in listings activity. Initial public offerings continued to be strong on both of our equity exchanges. Our international expansion efforts have resulted in a record 25 new international issuers listing on our equity markets in the first half of the year.”

Michael Ptasznik, Chief Financial Officer of TMX Group added; "We continue to see positive results across our business. For the first six months of 2010, TSX Venture Exchange’s trading volume, value and transactions increased significantly. In May, we set a record for the average daily volume of contracts traded on MX, largely driven by increased volatility in future interest rate expectations, and in June we hit record levels for overall natural gas volumes traded on NGX. In our market data operation, we saw a significant contribution to revenue from nonsubscription data products. While expenses were up in the quarter due mainly to implementing our technology initiatives, as well as increased marketing costs and higher commission-based compensation, we were able to partially offset these higher expenses by reducing headcount and moving from our legacy hardware to a more efficient platform.”