Transatlantic stock exchange operator NYSE Euronext (NYX) said Tuesday its first-quarter net profit rose 25% from a year earlier, driven by strong growth of its derivatives businesses.

Net profit for the three months ended March 31 increased to $130 million from $104 million a year earlier, while operating profit increased 19% to $218 million and revenue rose 7%--the fourth straight quarterly increase--to $645 million.

NYSE Euronext's first-quarter earnings were also hurt by costs of its NYFIX acquisition. Excluding pretax merger expenses and exit costs, net profit was $140 million in the first quarter, or $0.54 per diluted share, up from $112 million and $0.43 a share in the first quarter of 2009.

Duncan L. Niederauer, Chief Executive, said in a statement: "We will look to build on this growth with the anticipated regulatory approval and planned third quarter 2010 launch of New York Portfolio Clearing, coinciding with the launch of interest rate futures contracts on NYSE Liffe U.S. and with the go-live of our new data centers in the second-half of the year, which will drive new revenue for our NYSE Technologies business."

NYSE Euronext was formed in 2007 by the combination of NYSE Group Inc. and pan-European bourse operator Euronext NV. The company's shares closed Monday in New York up 1.1%, or $0.37, at $33.00.

-By David Pearson and Jethro Mullen, Dow Jones Newswires; +331 4017 1740, david.pearson@dowjones.com, hethro.mullen@dowjones.com
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