Economy, Foreign Exchange Investments Drop ICE, CME Profits

摘要

The global economic depression caught up with commodity exchange operators in late 2008 as evidenced by the 4Q2008 net income reductions reported by rivals Atlanta-based IntercontinentalExchange Inc. (ICE) and Chicago-based CME Group.ICE posted net income of $48.9 million, or 67 cents/ share, down from $64.7 million, or 90 cents/share, during 4Q2007. CME Group recorded 4Q2008 net income of $62 million, or 93 cents/share, down from $201 million, or $3.75/ share, during 4Q2007.