Source: The Canadian Press

TMX Group Inc. (TSX:X) says it recorded net income of $49.1 million or 66-cents per common share in the fourth quarter of 2010.

That compares with a net loss of $26.8 million, or 36-cents per common share in the same quarter of 2009.

Record annual revenue of $575.5 million for 2010

TMX group CEO Thomas Kloet says the company added a record 65 international issuers to its equity exchanges in 2010.

In equity trading, TMX Group set a record for volume traded on the TSX and TSX Venture Exchange with over 172 billion securities traded.

The Canadian derivatives business at the Montreal Exchange recorded a record of over 44 million contracts traded during the year

The quarterly results were announced early Wednesday at the same time as TMX Group and the London Stock Exchange agreed to a merger.

The merger, which is subject to regulatory approvals, is unanimously being recommended by the boards of both exchanges.

If approved, the merger would give the new firm a value of just over C$6 billion and give LSE shareholders just over 50% of the combined company.

TMX Group is valued at C$2.99 billion, while the London Stock Exchange Group’s value is slightly higher, around C$3.25 billion.