CBoT results suffer in Q4
21 Mar 2005
Chicago Board of Trade (CBoT) reported record net income in 2004 but posted a loss in the fourth quarter.
Net income for the year rose 37% to an all-time high of $42m, compared with $30.7m in 2003. Revenue for the year slipped to $380.2m, from $381.3m the year before. CBoT hit record volumes last year but those transactions were offset by lower trading fees. Annual volume rose 32% over the prior year, to just short of 600m contracts,...
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