CBOE Holdings Inc (CBOE.O) sees "nothing but positives" if rival CME Group Inc (CME.O) takes a stake in Standard & Poor's index business, a top CBOE executive said on Wednesday. In comments aimed at allaying concerns that a CME tieup with S&P could threaten CBOE's profitability, CBOE Executive Vice President Robert DuFour noted that any deal would have "no immediate effect" on CBOE's exclusive contract to list options on the S&P 500 Index .SPX, which runs through 2018. CBOE derives about a third of its revenue from contracts tied to S&P indexes. On Tuesday, CBOE began offering an electronic version of its S&P 500 option contract, a move analysts say is likely to help boost revenue even further. Once the contract does come up for renewal, DuFour said, CBOE has an advantage over all other comers because, under the current license, S&P gets revenue not only from CBOE's S&P 500 option but also from CBOE's fast-growing Volatility Index .VIX contracts.
CBOE Holdings, Inc. is engaged in the operation of markets for the execution of transactions in exchange-traded options. Shares of CBOE traded higher by 1.23% or $0.3/share to $24.60. In the past year, the shares have traded as low as $20.32 and as high as $29.77. On average, 655602 shares of CBOE exchange hands on a given day and today's volume is recorded at 349490.
CME Group Inc. (CME Group) offers a range of products, including those based on interest rates, equities, foreign exchange, commodities, energy and metals. Shares of CME traded higher by 0.65% or $1.64/share to $254.00. In the past year, the shares have traded as low as $236.50 and as high as $328.00. On average, 555112 shares of CME exchange hands on a given day and today's volume is recorded at 256170.
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