Financial markets operator NYSE Euronext garnered net income of $200 million in the third quarter (Q3) of 2011, boosted by strong trading volumes and continuing business diversification. Net income in the corresponding quarter of 2010 was $128 million. The pre-tax merger expenses and exit costs for the Q3 of 2011 and 2010 were $29 million and $25 million, respectively.

The Q3 2011 merger expenses and exit costs included $19 million related to the proposed merger with Deutsche Boerse. The GAAP effective tax rate included a discrete deferred tax benefit of nearly $40 million linked to the cutback in the corporate tax rate to 25 percent from 27 percent in the U.K. The net income, excluding merger expenses, exit costs and discrete tax items, was $186 million.

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