Derivatives trading on NYSE Euronext made up the majority of net revenue in the first quarter, the exchange said during its Q1 report. The asset class made up 25% of the exchange’s total revenue. Elsewhere, European cash trading accounted for 20%; US cash trading – 13%; software and technology services – 13%; market data – 12% and listing accounts – 12%. Derivatives trading accounted for a total of $270m in Q1, 2008 compared to only $13m a year earlier. Of that figure the exchange’s US operations made up $232m while Europe accounted for $38m. Liffe posted an all time record quarter for the first three months of 2008 with total volume rose 29% compared to the same period a year earlier. Of the highlights, commodities volume increased 56% while interest products saw a 41% leap. The group’s options operations – NYSE Arca Options – saw a 70% growth in Q1...