Chicago Mercantile Exchange (CME) reported strong first quarter earnings on 26 April, its $71m in net income marking a 54% rise from $46m a year earlier. Revenues for the quarter rose 29% to a record $214m, up from $116m. CME's earnings per diluted share rose 51% to $2.04, up from $1.35, surpassing Wall Street estimates.
The exchange's stock jumped $11.39 to $189.40 on the results, rising another $8.70 to $198.10 per share on 27 April. At its annual meeting, held on the same day, the exchange also announced that it will dual list its stock on Nasdaq in the next few weeks. It had been listed only on New York Stock Exchange (NYSE).
Average daily volume was 3.9m contracts for the first quarter, a 39% increase on the same period last year. Trading on electronic platform Globex jumped...