An increase in volumes and clearing and data fees helped
boost Chicago Board of Trade (CBoT) earnings in the first
quarter of the year.
CBOT announced on 19 April that first quarter revenue rose
23% to $143.6m, up from $116.5m a year earlier. Net income for
the quarter rose to $35.1m, up 69% from $20.8m a year
CBoT's earnings per diluted share was 66 cents. The
exchange's stock price rose to a high of $126.73
following the announcement, although it had fallen to $115.30
by the close, $5 below the pre-announcement level. Analysts
have suggested that one price event to monitor was the end of
the lock-up period for A-1 shares on 22 April, when a possible
16.4m CBoT shares out of the 52.8m outstanding may be
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