Nymex reports strong Q2
The New York Mercantile Exchange has reported that operating revenues for the second quarter rose 29% to a record $210.8m compared to $163.6m for the second quarter 2007. Net income for the second quarter 2008 increased 126% to $94.3m compared to $41.7m for the second quarter 2007.
The second quarter results, however, were deflated by $1.7m in merger-related expenses.
The exchange said that clearing and transaction fees rose 31% for the second quarter 2008 to $180.4m compared to $137.4m for the year ago period.
Nymex chairman Richard Schaeffer said, “We continue to see strong demand from market participants for credit risk mitigation, price discovery and risk management, which contributes to our strong volumes and continued growth. Our strong second quarter performance is the result of volume growth.”
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