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TMX Group Q4 profit rises, driven by trading, capital formation

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TORONTO, Feb 8 (Reuters) - TMX Group's fourth quarterprofit rose from a year ago, driven by increased equities andfixed income trading revenue and capital formation activity,which helped offset declines in derivatives trading and clearingbusiness, it said on Monday.

The operator of the Toronto Stock Exchange posted adjustedearnings of C$81.3 million ($63.82 million), or C$1.43 pershare, compared with C$74.3 million, or C$1.31 per share, a yearearlier. Analysts had expected C$1.45 per share.

Net income was C$71.8 million, or C$1.26 a share, versusC$47.5 million, or 84 Canadian cents, a year ago.

($1 = 1.2739 Canadian dollars)(Reporting By Nichola Saminather; Editing by Sam Holmes)