CBOE quarterly net profit fell 11%

By Reuters
Posted Aug. 5, 2010 at 6:44 a.m.

CBOE Holdings Inc, which runs the Chicago Board Options Exchange, said on Thursday that second-quarter profit fell 11%. Net income fell to $24.9 million, or 27 cents a share, from $28.1 million, or 31 a share, a year earlier. Results from the latest quarter include certain one-time expenses, including for index options litigation.

Revenue rose to $112.6 million from $109 million, as stock-market volatility boosted trading at the biggest U.S. options market.

The report is CBOE’s first since CEO William Brodsky led the company through its $339 million initial public offering in June.

Read more about the topics in this post: IPOs, William Brodsky

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CBOE Holdings

CBOE Holdings Inc. claims it is the largest option exchange in the United States. The company, in addition to its core options trading business, provides marketplaces for trading futures contracts...