CBOE Q3 revenue soars 53%
Chicago Board Options Exchange (CBOE)s fee hike in the third quarter resulted in a 53% growth in total revenue, the exchange said in its latest report for the three month period ending 30 September.
Total revenue for the quarter was $96.8m compare to $63.4m in 2006, a 53% increase. The growth was the result of higher transaction fees generated by strong growth in contracts traded, the exchange said.
CBOE saw a 152% rise in quarterly pre tax profits reporting $41.2m for the three month period ending 30 September versus $16.3m in the same period last year.
Net income for the quarter also saw a substantial rise moving to £22.7m compared to $9.1m in 2006. ADV for the three month period was 4.1m a significant increase on the 2.5m in the equivalent 2006 period.
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