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Equity Trading Lifts Euronext's Fourth-Quarter Revenue

Euronext, the European stock market operator that has agreed to be acquired by New York Stock Exchange owner NYSE Group, said Wednesday that favorable equity market conditions and improved sales of information services helped lift revenue 6% in the fourth quarter.

Revenue rose to 282 million euros ($367 million) in the three months through December from 266 million euros posted in the year-earlier quarter, the company said in a statement.

Cash trading revenue was up 25% at 72.2 million euros ($94 million). Daily trades in full-year 2006 averaged 860,692, up 36% from 2005, Euronext said.

Revenue from information services gained 11% to 29.2 million euros ($38 million) in the fourth quarter because of higher sales of data packages. Listing fees slipped 21% to 21.4 million euros ($27.9 million).

Euronext counted 142 new listings in 2006, with a total market value of 21.4 billion euros ($27.9 billion). The Alternext market for small- to medium-sized businesses accounted for 75 of the new listings last year.

Derivatives trading revenue advanced 0.8% to 91.6 million euros ($119.3 million) in the fourth quarter, Euronext said. Full-year revenue rose 15% to 1.1 billion euros ($1.43 billion) in 2006 from 962 million euros the year before.

Shares of Euronext rose as much as 1.45 euros ($1.89), or 1.7%, to 87.00 euros ($113.29) in Paris.