NYSE soars on ArcaEx deal

The NYSE Group, which sealed a merger with Archipelago in March and is set to secure one with Euronext next year, made profits of $61.2m (€48.2m) in the second quarter, nearly five times its earnings over the same period last year.

NYSE Group, which operates the New York Stock Exchange and closed its deal with ArcaEx on March 7, reported second-quarter profits of $61.2m (€48.2m), double the $30.3m profits the group earned in the first quarter of 2006.

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