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CBOE Holdings 2Q net income climbs 20 percent

CHICAGO (AP) -- Exchange operator CBOE Holdings Inc. said Friday that its net income rose 20 percent in the second quarter as trading volume grew.

CBOE is the parent of the Chicago Board Options Exchange and the CBOE Futures Exchange. The company said Friday that its average daily trading volume rose 3 percent to about 5 million in the second quarter and trading in VIX Index futures, which generate higher fees, continued to improve.

CBOE said net income attributable to common stockholders rose to $45.5 million, or 52 cents per share, from $37.9 million, or 44 cents per share. The company earned 54 cents per share excluding one-time items. Revenue increased 14 percent, to $150.8 million.

Analysts expected the company to report net income of 51 cents per share and $149.2 million in revenue, according to FactSet.

Shares of CBOE Holdings rose 4 cents to close at $50.84.