CBOE posts higher Q4 profit on strong trading volumes

admin

Administrator
Jun 17, 2007
66,216
0
36
49
Canada
Exchange operator CBOE Global Markets Inc posted a rise in fourth-quarter profit on Friday, driven by a surge in trading volumes on high hopes of a soft landing in the U.S. economy. The company saw strong demand for its derivatives products, as traders rushed to secure their positions amid geopolitical crises and economic volatility that triggered massive market swings across asset classes. CBOE reported a 9% rise in fourth-quarter net revenue to $499 million from a year earlier, driven by a 21% jump in its futures segment and a 15% growth in options.
 
Back
Top