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Nasdaq OMX Q1 Net Income Declines

Nasdaq OMX Group has reported a net income attributable to Nasdaq OMX of $61m, or $0.28 per diluted share, for the first quarter of 2010 compared with net income of $94m, or $0.44 per diluted share, in the first quarter of 2009.

Revenues less liquidity rebates, brokerage, clearance and exchange fees (net exchange revenues) were $360m for the first quarter of 2010, a decrease of $9m, or 2%, from first quarter of 2009 results.

Market services net exchange revenues were $241m, a decrease of 7% from the first quarter of 2009.

Net exchange revenues from transaction services were $155m for the first quarter of 2010, a decrease of $12m, or 7%, when compared to the first quarter of 2009.

Bob Greifeld, CEO of Nasdaq OMX, said: “During the quarter we remained focused on executing our plan to leverage our world class technology platform while diversifying our product offering. With the launch of INET in the Nordics, positive developments in our interest rate swaps clearing business, and expansion of our efforts within energy commodities, the breadth of our business has grown substantially, placing Nasdaq OMX in a favorable position to capitalize on changes within our industry.”