TMX Group Inc. today reported that its third-quarter profit rose 19%, helped by higher revenues related to the integration of the Montreal Exchange (MX), which it acquired earlier this year.

TMX, which also operates the Toronto Stock Exchange and Toronto Venture Exchange, said net income for the quarter ended Sept. 30 was $50.9 million, or 66¢ cents a share. That compares with profit of $42.7 million, or 62¢ a share, in the year-earlier period.

On May 1, 2008, TMX Group and MX Inc. combined their businesses.

“We are pleased to be able to deliver solid results for this third quarter despite a more challenging economic environment. The integration of the Montreal Exchange within TMX Group is progressing well,” said Thomas Kloet, CEO of TMX Group said.

Revenue in the third quarter was $139.4 million, up $33.5 million, or 32% as compared with $105.9 million in the year ago period, primarily reflecting $23.3 million in revenue related to the business operations of MX.

Also today, TMX announced changes to equity trading fee structure, effective January 1, 2009

“Based on subscriptions at June 30, 2008, it is anticipated that total market data revenue would have increased by approximately $4 to $6 million on an annual basis,” it said.

IE