The Chicago Board Options Exchange (CBOE) say that pre-tax income for the quarter ending 30 September 2006 was USD16.3 million, nearly triple the USD5.5 million pre-tax income achieved during the third quarter of 2005.
CBOE recorded third quarter after-tax profit of USD9.1 million compared to after-tax profit of USD3.3 million during the same quarter last year.
Total revenue for the third quarter of 2006 was USD63.4 million compared to USD51.6 million in the same period a year ago. The increased revenue was driven by a significant increase in trading volume at the Exchange. Average daily volume of 2.54 million contracts during the third quarter was 37 percent higher than the 1.85 million contracts traded per day in the third quarter of 2005. Total volume for the three-month period was 160.2 million contracts. Per contract fees were lower compared to the same period a year ago. Transaction fees averaged 28.2 cents per contract, compared to 30.4 cents a year ago.