(Reuters] – Euronext reports record quarterly revenues on Tuesday. The pan-European stock exchange benefited from market volatility and better cost control during international crises, as well as high market volatility.

According to the group, progress in integration of Borsa Italiana (which it purchased last year for 4.4 billion euros ($4.64 billion), allowed them to raise their costs guidance slightly by 20 million.

The group released a statement saying that they had maintained a solid momentum during the first quarter in their integration plan as well as in realising targeted EBITDA (earnings prior to interest, taxes and depreciation) synergies.

Euronext (which runs Paris and Amsterdam’s stock markets, among other things) reported first-quarter revenues in excess of 370.1 millions euros and an increase of 58.8% over the prior quarter.

From last year, its adjusted EBITDA increased by 66.8% and reached 252.2 million euros.

($1 = 0.9489 euros)

This story has been corrected to correct the spelling of Borsa Italiana in paragraph 2.