Summary Box: Nasdaq OMX Group profit jumps 68 pct

AP News
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Posted: Oct 29, 2010 1:29 PM
Summary Box: Nasdaq OMX Group profit jumps 68 pct

THE RESULTS: Nasdaq OMX Group's third-quarter profit jumped 68 percent. It earned $101 million, or 50 cents per share. Analysts had forecast a profit of 46 cents per share.

MARKET SHARE STABILIZING: Nasdaq OMX Group handled 22.3 percent of U.S. stock trades during the quarter, up slightly from the 22.1 percent during the year-ago period. Older exchanges had seen their market share hurt in recent years by newer competitors.

GROWTH SIGNS: Expansion into other markets has helped Nasdaq OMX. It garnered the largest market share of U.S. stock options trading during the quarter.