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CME Group has reported strong Q3 earnings following the completed merger with Chicago Board of Trade (CBoT). The exchange recorded total revenues of $565m, representing a 106% from Q3 2006, when revenues totalled $275m.
Net income also rose dramatically to $202m, a 94% increase year-on-year from 2006 levels of $104m.
“CME Group finished a record quarter with an unprecedented volume increase of nearly 50%,” said CME Group executive chairman Terry Duffy. “Our successful merger with CBoT has positioned us as a leader in all major asset classes, and we saw robust growth in our agricultural, equity index, foreign exchange and interest rate products, as well as in our energy and metals derivatives processing business. Looking ahead, we are intensely focused on successfully completing our integration with CBoT and serving our expanding customer base around the world.”
“At this point in time, we will not be supporting this [parliamentary] inquiry. But we put it on notice that in a future time, which we envisage will be in the next four weeks or so, we will, unless Wayne Swan does the bleeding obvious and stops this going forward,”
Australian senator Barnaby Joyce on the proposed ASX-SGX merger