{"id":5677,"date":"2015-02-09T10:55:31","date_gmt":"2015-02-09T16:55:31","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=5677"},"modified":"2015-04-15T10:50:18","modified_gmt":"2015-04-15T15:50:18","slug":"cboe-announced-the-fourth-quarter-earnings-report","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/","title":{"rendered":"CBOE announces fourth quarter earnings"},"content":{"rendered":"

By Bonnie Du<\/p>\n

CBOE Holdings Inc., the holding company for Chicago Board Options Exchange, the CBOE Futures Exchange and other subsidiaries, today reported an 8 percent increase in net income in the fourth quarter 2014, driven by an increase of transaction fees and regulatory fees. However, the stock closed at $62.46, down 4.12 percent with its earning missing the Wall Street expectation.<\/p>\n

The company earned $49.1 million, or 58 cents per diluted share in the fourth quarter, compared with $145.6 million, or 52 cents per diluted share in the year-earlier quarter. But it missed the expectation of 66 cents per diluted share.<\/p>\n

<\/p>\n

Revenues increased 17 percent to $166.5 million from $141.8 million, which primarily reflects an increase of $23.7 million in transaction fees and $1 million in regulatory fees.<\/p>\n

\u201cRecord trading in our premium proprietary products, S&P 500 Index options and CBOE Volatility Index futures and options, helped fuel our fourth consecutive year of record revenue and earnings,\u201d said Edward T. Tilly, CBOE Holdings chief executive officer.<\/p>\n

According to the company, transaction fees, the largest revenue driver, increased 24 percent in the fourth quarter as a result of a 15 percent increase in trading volume and 8 percent increase in the average revenue per contract, compared with the fourth quarter of 2013.<\/p>\n

The increase in average revenue per contract primarily resulted from a shift in the mix of products traded towards higher-margin index options and futures contracts, which accounted for 35.3 percent of trading volume in the quarter, compared with 33.8 percent in the year-earlier quarter.<\/p>\n

\u201cThey have a good fourth quarter,\u201d said Richard H. Repetto, analyst with Sandler O\u2019Neill & Partners LP. But he pointed out that CBOE\u2019s exchange volume has been diminishing recently.<\/p>\n

\"CBOE's<\/a>
(Chicago Board Options Exchange<\/a>)<\/figcaption><\/figure>\n

 <\/p>\n

CBOE earned $189.7 million, or $2.21 per diluted share in full-year 2014, compared with $176 million, or $1.99 per diluted share in 2013. Its full-year 2014 revenues increased 8 percent to $617.2 million from $572.1 million.<\/p>\n

Photo at top: Traders in CBOE’s SPX option pit. (Bonnie Du\/Medill)<\/div>\n","protected":false},"excerpt":{"rendered":"

By Bonnie Du CBOE Holdings Inc., the holding company for Chicago Board Options Exchange, the CBOE Futures Exchange and other subsidiaries, today reported an 8 percent increase in net income in the fourth quarter 2014, driven by an increase of transaction fees and regulatory fees. However, the stock closed at $62.46, down 4.12 percent with […]<\/p>\n","protected":false},"author":31,"featured_media":5796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,243],"tags":[],"class_list":["post-5677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-winter-2015"],"yoast_head":"\nCBOE announces fourth quarter earnings - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBOE announces fourth quarter earnings - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Bonnie Du CBOE Holdings Inc., the holding company for Chicago Board Options Exchange, the CBOE Futures Exchange and other subsidiaries, today reported an 8 percent increase in net income in the fourth quarter 2014, driven by an increase of transaction fees and regulatory fees. However, the stock closed at $62.46, down 4.12 percent with […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Medill Reports Chicago\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-09T16:55:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-04-15T15:50:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOE.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"610\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"bonniedu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"bonniedu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/\",\"url\":\"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/\",\"name\":\"CBOE announces fourth quarter earnings - Medill Reports Chicago\",\"isPartOf\":{\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOE.jpg\",\"datePublished\":\"2015-02-09T16:55:31+00:00\",\"dateModified\":\"2015-04-15T15:50:18+00:00\",\"author\":{\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/023b1fc6ca6615d75ebe46f11e96e9e3\"},\"breadcrumb\":{\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/#primaryimage\",\"url\":\"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOE.jpg\",\"contentUrl\":\"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOE.jpg\",\"width\":1100,\"height\":610},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/news.medill.northwestern.edu\/chicago\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBOE announces fourth quarter earnings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/#website\",\"url\":\"https:\/\/news.medill.northwestern.edu\/chicago\/\",\"name\":\"Medill Reports Chicago\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/news.medill.northwestern.edu\/chicago\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/023b1fc6ca6615d75ebe46f11e96e9e3\",\"name\":\"bonniedu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ca88efda75d21dbff6817520bdbe8629b3e3eebdf64c4157404bd18b6187c4ce?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ca88efda75d21dbff6817520bdbe8629b3e3eebdf64c4157404bd18b6187c4ce?s=96&d=mm&r=g\",\"caption\":\"bonniedu\"},\"url\":\"https:\/\/news.medill.northwestern.edu\/chicago\/author\/bonniedu\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CBOE announces fourth quarter earnings - Medill Reports Chicago","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/","og_locale":"en_US","og_type":"article","og_title":"CBOE announces fourth quarter earnings - Medill Reports Chicago","og_description":"By Bonnie Du CBOE Holdings Inc., the holding company for Chicago Board Options Exchange, the CBOE Futures Exchange and other subsidiaries, today reported an 8 percent increase in net income in the fourth quarter 2014, driven by an increase of transaction fees and regulatory fees. However, the stock closed at $62.46, down 4.12 percent with […]","og_url":"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/","og_site_name":"Medill Reports Chicago","article_published_time":"2015-02-09T16:55:31+00:00","article_modified_time":"2015-04-15T15:50:18+00:00","og_image":[{"width":1100,"height":610,"url":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOE.jpg","type":"image\/jpeg"}],"author":"bonniedu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"bonniedu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/","url":"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/","name":"CBOE announces fourth quarter earnings - Medill Reports Chicago","isPartOf":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#website"},"primaryImageOfPage":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/#primaryimage"},"image":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/#primaryimage"},"thumbnailUrl":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOE.jpg","datePublished":"2015-02-09T16:55:31+00:00","dateModified":"2015-04-15T15:50:18+00:00","author":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/023b1fc6ca6615d75ebe46f11e96e9e3"},"breadcrumb":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/#primaryimage","url":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOE.jpg","contentUrl":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOE.jpg","width":1100,"height":610},{"@type":"BreadcrumbList","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cboe-announced-the-fourth-quarter-earnings-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/news.medill.northwestern.edu\/chicago\/"},{"@type":"ListItem","position":2,"name":"CBOE announces fourth quarter earnings"}]},{"@type":"WebSite","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#website","url":"https:\/\/news.medill.northwestern.edu\/chicago\/","name":"Medill Reports Chicago","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/news.medill.northwestern.edu\/chicago\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/023b1fc6ca6615d75ebe46f11e96e9e3","name":"bonniedu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ca88efda75d21dbff6817520bdbe8629b3e3eebdf64c4157404bd18b6187c4ce?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ca88efda75d21dbff6817520bdbe8629b3e3eebdf64c4157404bd18b6187c4ce?s=96&d=mm&r=g","caption":"bonniedu"},"url":"https:\/\/news.medill.northwestern.edu\/chicago\/author\/bonniedu\/"}]}},"_links":{"self":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts\/5677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/comments?post=5677"}],"version-history":[{"count":0,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts\/5677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/media\/5796"}],"wp:attachment":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/media?parent=5677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/categories?post=5677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/tags?post=5677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}