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NYSE Euronext buoyed by tech sales

A slew of technology deals help transatlantic exchange increase profits in its third-quarter despite depressed trading environment

NYSE Euronext's technology business reported strong revenues in the third-quarter, countering pressure from weak trading volumes, which helped boost the transatlantic exchange operator's profit by 2.3% from a year earlier.

The group, formed three years ago by the combination of NYSE Group and pan-European bourse operator Euronext, reported that revenues from cash trading and derivatives fell by 16% and 1%, to $694m and $243m respectively.

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