OMX toasts rising profits

Swedish stock market operator OMX has reported profits of 585 million kronor for the second quarter. The figure is an increase on the same period of 2005, when the company made 382 million kronor.

Turnover increased 17 percent to 1.77 billion kronor.

There was a record high level of market activity during the period, OMX reported. Orders for the company’s technology business were up from 315 million kronor to 607 million.

CEO Magnus Bocker said he was happy to present the company’s second-best quarterly performance in its history.

“This is a growth industry, we have high structural growth,” he said.

“In the long term there will be good growth in the stock market industry,” he added, but said he could not make precise predictions for the coming half year.