TSX Group is reporting an 70% jump in profit for the first quarter ended March 31.

The owner and operator of the Toronto Stock Exchange said stronger trading and listing fees led to the increase.

TSX Group said net income was $25.8 million, or 76¢ per share, for the quarter, up from $14.4 million, or 43¢, in the year-ago period.

Analysts had forecast earnings of 63¢ per share.

TSX Group, which also runs the TSX Venture Exchange, reiterated its long-term goal of yearly earnings-per-share growth in the 10% to 12% range.

Revenue rose 38% to $74.4 million as rising stock markets led to a strong performance for most of the firm’s business units.

Listing fees rose 46% to $31.3 million, while trading-related revenues climbed 61% to $26.2 million.

The total value of securities traded on both the TSX and the TSX Venture increased 66% to $247.3 billion.