Euronext, the pan-European exchange operator, today reported a 23% rise in net profits to €98.4m ($120m) in the six months to June 30 helped by derivatives trading and a rise in new listings. The exchange increased its earnings forecast for the full year by 10%.

The profits rise came despite a 0.3% drop in total revenues, owing to sluggish trading conditions on financial markets in the first three months of the year, when revenues fell by 6% and profits by 8%.