New York Mercantile Exchange (Nymex) reported record net
revenue and income for the first quarter of the year last week,
reportedly a good sign for an exchange headed for a public
listing later this year.
The exchange reported net revenue of $114.2m in the first
quarter, a 57.1 % increase from $72.7m a year earlier. Net
income rose 171.1% to $33.6m from $12.4m a year earlier.
Revenues were driven in large part to the bull run in Nymex's
core markets of energy and metals. Average daily volume rose
39% to 1.08m contracts in the first quarter, up from 777,737 in
the first quarter 2005.
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