CME Q2 Profits Jump 33%

Chicago Mercantile Exchange Holdings reported Tuesday that its profits leaped 33% during the second quarter, though its shares dwindled when investors found that its average rate per contract slipped from the year ago period. CME reported that its net income

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Chicago Mercantile Exchange Holdings reported Tuesday that its profits leaped 33% during the second quarter, though its shares dwindled when investors found that its average rate per contract slipped from the year-ago period.

CME reported that its net income increased to $109.5 million from $82.2 million, and its average daily volume boomed, rising 31% to 5.7 million contracts traded.

Revenue on the derivatives exchange moved upward 23% to $295 million, and its working capital hit $1.1 billion, rising by $101million.

CME explains its waning stock price to a growth that while great is less than had been forecast.

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