On the backs of record trading volumes, IntercontinentalExchange (ICE) and The New York Mercantile Exchange (Nymex) continued their battle for market exchange supremacy as both posted record 1Q2008 earnings. ICE posted consolidated net income for 1Q2008 of $92.3 million, a 66% increase compared to $55.6 million during 1Q2007, while Nymex’s posted net income for 1Q2008 increased 27% to a record $71.2 million, compared to $56.2 million for the first quarter 2007. Both companies also posted record 1Q2007 earnings (see Daily GPI, May 3, 2007a; May 3, 2007b).
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ICE, Nymex Post Record First Quarter Earnings — Again
On the backs of record trading volumes, IntercontinentalExchange (ICE) and the New York Mercantile Exchange (Nymex) continued their battle for market exchange supremacy as both posted record 1Q2008 earnings. ICE posted consolidated net income for 1Q2008 of $92.3 million, a 66% increase compared to $55.6 million during 1Q2007, while Nymex’s posted net income for 1Q2008 increased 27% to a record $71.2 million, compared to $56.2 million for the same period of 2007. Both companies also posted record 1Q2007 earnings (see NGI, May 7, 2007).
ICE, Nymex Post Record Trading Volumes in January 2007
Continuing their neck-and-neck battle for trading exchange market supremacy, Atlanta-based IntercontinentalExchange (ICE) and the New York Mercantile Exchange (Nymex) both announced new trading volume records during January 2007. Nymex also noted that its electronic trading endeavor through the Chicago Mercantile Exchange’s (CME) Globex platform is now regularly outpacing Nymex open outcry floor-traded volumes.
ICE, Nymex Post Record Trading Volumes in January 2007
Continuing their neck-and-neck battle for trading exchange market supremacy, Atlanta-based IntercontinentalExchange (ICE) and the New York Mercantile Exchange (Nymex) have both announced new trading volume records during January 2007. Nymex also noted that its electronic trading endeavor through the Chicago Mercantile Exchange’s (CME) Globex platform is now regularly outpacing Nymex open outcry floor-traded volumes.
Petroleum Futures Run-Up Results in Record Electronic Energy Trading Volumes
As the power struggle for marketshare supremacy in the electronic energy trading platform arena continues to heat up, IntercontinentalExchange (ICE) and the New York Mercantile Exchange Inc. (Nymex) reported Friday that record volumes of trading were achieved on Thursday. The increased activity across the energy complex was sparked by petroleum supply concerns due to escalating violence in the Middle East, a Nigerian crude pipeline blast and a major refinery fire in Venezuela.
Petroleum Futures Run-Up Results in Record Electronic Energy Trading Volumes
As the power struggle for market-share supremacy in the electronic energy trading platform arena continues to heat up, IntercontinentalExchange (ICE) and the New York Mercantile Exchange Inc. (Nymex) reported Friday that record volumes of trading were achieved on Thursday. The increased activity across the energy complex was sparked by petroleum supply concerns due to escalating violence in the Middle East, a Nigerian crude pipeline blast and a major refinery fire in Venezuela.
Nymex, ICE See Huge Increases in Annual Net Income
As the battle for energy trading supremacy continues to heat up, both Nymex Holdings Inc., the holding company of the New York Mercantile Exchange (Nymex), and Atlanta, GA-based IntercontinentalExchange (ICE) both reported strong earnings increases over 2004. The head-to-head competition for energy trading market share has increased over the past year (see Daily GPI, Feb. 16).