Financial Times FT.com

Nasdaq OMX profits sink on writedowns

By Anuj Gangahar in New York

Published: February 26 2009 15:04 | Last updated: February 26 2009 15:04

Nasdaq OMX, the exchange group, on Thursday morning reported a 53 per cent fall in fourth quarter profits as losses from foreign currency hedges related to acquisitions, among other write-downs, offset gains from greater trading volumes and revenues in the US.

The exchange group also said that David Warren, chief financial officer, will step down from his role in July.

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