Reuters: Global Markets: NYSE Q1 hit by trading and failed Deutsche Boerse deal

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NYSE Q1 hit by trading and failed Deutsche Boerse deal Apr 30th 2012, 07:48 Tweet Share this Email Print Related News UPDATE 1 - NYSE Q1 hit by trading and failed D.Boerse deal 3:16am EDT Deutsche Boerse says NYSE appeal to take up to three years Fri, Apr 27 2012 US CFTC says NYSE Liffe should beef up enforcement Wed, Apr 25 2012 AMR unions want to take a chance on US Air merger Fri, Apr 20 2012 Facebook picks Nasdaq for marquee listing: source Thu, Apr 5 2012 Related Topics Hot Stocks » Asian Markets » Detail seen at the NYSE Euronext cash markets operations room in Paris. Credit: Reuters/Philippe Wojazer By Luke Jeffs LONDON | Mon Apr 30, 2012 3:48am EDT LONDON (Reuters) - NYSE Euronext (NYX.N) said its profits fell by almost a third in the first quarter due to a difficult trading environment and costs from its failed merger with Deutsche Boerse (DB1Gn.DE). The New York exchange said profits were down 32 percent to $121 million as revenue fell 17 percent to $952 million in the first quarter. "Our first quarter results reflect the challenging operating environment which carried over into 2012 and will continue to result in near-term headwinds," said Duncan Niederauer, Chief Executive of NYSE Euronext. The New York exchange said it incurred $31 million of merger and exit costs for the period including $16 million from a terminated merger with Deutsche Boerse (DB1Gn.DE). NYSE canned the $7.4 billion merger in early February after the deal was rejected by European antitrust authorities, making it the fourth to be blocked among a series of large exchanges deals struck over the last year. (Editing by Hans-Juergen Peters) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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