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Article: Nymex suitor CME's income up.(Oil & Gas Markets)(CME Group Inc.)(New York Mercantile Exchange Inc.)(Financial report)(Brief article)
- Article from:
- The Oil Daily
- Article date:
- February 6, 2008
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CME Group, the Chicago-based commodity futures exchange in talks to buy Nymex, reported Tuesday that fourth quarter 2007 revenue and income nearly doubled over the previous year.
Total revenues increased 88% to $530 million and net income was up 96% to $201 million for the last three months of the year. Diluted earnings per share were up 29% to $3.75.
Total average daily volume for the Nymex West Texas Intermediate (WTI) contract, which is traded on CME's Globex electronic platform, stood at 453,000 contracts per day. According to CME, that is roughly double the average daily volume of WTI trades on the IntercontinentalExchange (ICE), Nymex's biggest ...