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Derivatives in the clear as profits slip at Nasdaq


Fourth quarter 2009 profits at Nasdaq OMX Group fell to $43m, down from $60m the previous quarter and $35m in the same period of 2008.

Annual net income for the group in 2009 was $266m, down from $314m in 2008.

Net exchange revenues for the group as a whole were $369m, up 6% on the third quarter but down 8% year on year.

Net exchange revenues for derivative trading and clearing, however, were $57m for the quarter, up 6% from both the third quarter of 2009 and year on year.

European derivatives trading and clearing revenues were up, thanks to increased volumes in options contracts and energy derivatives clearing.

Nasdaq OMX Commodities’ revenues were up following the purchase of Nord Pool’s derivatives, clearing and consulting subsidiaries...

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