CBOE 1Q Profit Up on Surge in Stock-Index Options Trade
CBOE Holdings Inc, which runs the oldest U.S. stock-options trading venue, said on Friday that first-quarter earnings rose on a surge in trading in its lucrative proprietary stock-index options.
Net income at the operator of the Chicago Board Options Exchange rose to $41.8 million, or 48 cents a share, from $32.9 million, or 37 cents a share, a year earlier.
Excluding accelerated stock-based compensation expenses, net profit was 50 cents a share.
Operating revenue rose 18% to $142.7 million.