The NYSE Group Inc. reported net income of US$67.6 million for the three months ended March 31, up 123% from net income of US$30.3 million in the quarter last year.

These results only relate to NYSE Group due to the fact that the combination between NYSE Group and Euronext NV was consummated on April 4; so the operations of Euronext are not included in the first quarter results. Included in results for the first quarter of 2007 are US$11.1 million in merger expenses consisting of professional and other fees incurred in connection with both the acquisition of the Archipelago businesses and the recently completed combination with Euronext (US$4.6 million), and exit costs associated with the previously announced trading floor consolidation (US$6.5 million).

“As we transition from NYSE Group into the newly-formed NYSE Euronext, the world’s largest and most diverse exchange group, we continue to develop our multinational business model to enhance our listings and equities trading operations, and support our growing initiatives in derivatives, bonds, options and ETFs,” said NYSE Euronext chief financial officer, Nelson Chai. “NYSE Euronext is committed to providing exceptional shareholder value while expanding upon our position as the first global marketplace group, further evidenced by this quarter’s announcements of our purchase of a 5% stake in India’s National Stock Exchange and our strategic alliance with the Tokyo Stock Exchange.

“As we work toward the realization of our integration targets with Euronext, we will further enhance our value proposition to investors and listed companies by offering the ability to trade and list the widest range of products in multiple time zones and currencies, leverage our unique advantages as an operator of six exchanges in five countries, and deliver on our well defined cost savings and revenue synergies of US$375 million over the next three years,” Chai added.