London Stock Exchange Group Plc (LSE.L) reported a revenue of £154.9 million, down 9% from £169.4 million in the 2008 period. Revenues for the three months ended 31 December 2009 showed a 12% decline at constant currency.
Meanwhile, cash equities trading revenues in UK and Italy combined dropped 29%, with a reduction in UK trading activity combined with a lower yield following the September price changes.
Post Trade revenues for the period decreased 13%, as a result of the expected reduction in interest on margin held in the clearing business from the unusually high levels last year. However, Information & Technology Services revenues increased 3% with first time contribution from MillenniumIT.
Further, the company stated that the acquisition of MillenniumIT completed in October 2009, to provide high performance trading system and reduce ongoing IT related expenses, with project work underway for migration to new platform by the end of 2010.
For comments and feedback: editorial@rttnews.com