But 2004 still record performance year for exchange
Chicago Board of Trade (CBoT) reported record net income in
2004 but posted a loss in the fourth quarter.
Net income for the year rose 37% to an all-time high of $42m,
compared with $30.7m in 2003. Revenue for the year slipped to
$380.2m, from $381.3m the year before. CBoT hit record volumes
last year but those transactions were offset by lower trading
fees. Annual volume rose 32% over the prior year, to just short
of 600m contracts, making 2004 the third consecutive
record-breaking year for the exchange.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.