TMX posts Q2 results

Source: TMX

TMX Group [TSX:X] announced results for the second quarter and first half ended June 30, 2009.

Thomas Kloet, Chief Executive Officer of TMX Group said: "Performance in the second quarter of 2009 was solid in a challenging business environment. We continued to execute on various strategic initiatives and took important steps to further expand our reach, strengthen our offering and extend our diversified portfolio. We took a 19.9% stake in London Stock Exchange's derivatives business, EDX London, acquired NetThruPut's crude oil trading operation and advanced MX's integration into TMX Group. In the second half, we will leverage these investments, enhance our offering and further sharpen our focus on delivering business value to our customers."

Michael Ptasznik, Chief Financial Officer of TMX Group said: "We are pleased with the sequential improvement in our quarterly results, reflecting increased trading revenue from TSX Venture Exchange, higher revenue from fixed income and energy trading compared with the first quarter of 2009."

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