London Stock Exchange (LSE.L), which is in the process of buying Canada's TMX Group (X.TO), easily beat analyst forecasts on Friday, reporting 2010 profit up 22 percent to 341 million pounds ($555.5 million). The British exchange, which also said it has filed its application to merge with Canadian market TMX Group, saw profits well up on last year's 280 million pounds and above forecasts of 313.6 million pounds. LSE Group Chief Executive Xavier Rolet said the performance was partly down to the diversification strategy the exchange has undertaken. "We are also fully focused on pursuing a range of growth opportunities which will remain pivotal to further progress in the year ahead," Rolet said in an emailed statement.
TMX Group Inc. is an integrated, multi-asset class exchange group. Shares of X fell by 0.15% or $-0.07/share to $45.6. In the past year, the shares have traded as low as $36.93 and as high as $64.03. On average, 10289500 shares of X exchange hands on a given day and today's volume is recorded at 7811924.
Source
