an increase in derivatives trading revenue offsetting a decline in cash market trading and listing revenue. The Montreal Exchange had a nearly 10% increase in volume from the previous year, while the Boston Options Exchange had a 55% volume
contributed more to the sequential revenue growth than the Montreal Exchange . BOX volumes increased 68% sequentially versus just 3% growth at the Montreal Exchange . The 68% sequential growth is also impressive compared
was up only 4%, as a decrease in the company's U.S. options business offset the strong performance of the Montreal Exchange . Though TMX's cash equity market trading revenue and market share continue to be under pressure--for example
Revenues were also flat versus the first quarter of 2009 , as improvement in TSX Venture Exchange volumes and the Montreal Exchange were offset by lower volumes at the Toronto Stock Exchange , lower Boston Options Exchange volumes , and equity trading
flat with the last quarter, the decrease in net income can be traced to a $5 million decrease in the company's trading and clearing revenue caused by trading volume declines at the Toronto Stock Exchange, Montreal Exchange , and BOX.
through TMX Group's first-quarter results, we are sticking to our fair value estimate. The firm acquired the Montreal Exchange in the second quarter of 2008. As a result, we think year-over-year comparisons of the firm's most recent
increased 19% and diluted earnings increased 6%. The main driver of this solid growth was the acquisition of the Montreal Exchange , which was completed during the second quarter. However, TMX was not immune to the chaos in the capital markets
on equity was more than 20% for the quarter. During the quarter, TSX Group completed its combination with the Montreal Exchange and subsequently changed its name to TMX Group. While year-over-year revenue was up significantly because of
agreement for a new Canadian derivatives exchange. This nonrecurring fee is a byproduct of TSX Group's merger with the Montreal Exchange , which closed Thursday. Despite considerable capital markets volatility and an uncertain credit environment, TSX
We are placing TSX Group under review to reflect the recently announced merger with the Montreal Exchange . We are likely to raise our fair value estimate to account for higher growth and greater synergies between the two businesses.