Chicago Mercantile Exchange (CME) reported strong first
quarter earnings on 26 April, its $71m in net income marking a
54% rise from $46m a year earlier. Revenues for the quarter
rose 29% to a record $214m, up from $116m. CME's earnings per
diluted share rose 51% to $2.04, up from $1.35, surpassing Wall
The exchange's stock jumped $11.39 to $189.40 on the
results, rising another $8.70 to $198.10 per share on 27 April.
At its annual meeting, held on the same day, the exchange also
announced that it will dual list its stock on Nasdaq in the
next few weeks. It had been listed only on New York Stock
Average daily volume was 3.9m contracts for the first
quarter, a 39% increase on the same period last year. Trading
on electronic platform Globex jumped 95% to 2.6m contracts per
day, from 1.3m contracts. Electronic volume represented 66% of
total CME volume in the quarter. To press time, the exchange
had averaged over 5m contracts per day in the second
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