Donohue dismisses European threats
Chicago Mercantile Exchange (CME) has announced a strong
third quarter with its net income rising along with record
revenues and profits.
CME reported on Tuesday that net income rose to $59.4m in
the third quarter, up from $31.4m a year earlier. Net revenues
rose 42% to a record $192.4m, up from $135m a year earlier.
Earnings per diluted share rose 85% to $1.72, from 93
CME said its earnings were bolstered by strong daily volume,
which averaged 3.2m contracts, down slightly from 3.3m
contracts in the second quarter. Globex's average daily volume
was about 2m contracts, up 87% from a year earlier, and
represented 61% of the exchange's total volume. Electronic
trading accounted for 52% in the second quarter this year, and
42% a year earlier.
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