CBOE Holdings Inc. reported a rise in second-quarter profit Friday as stock-market volatility rose and trading in CBOE’s lucrative volatility-tied contracts spiked.
Adjusted net income rose to $47 million, or 54 cents a share, from $37.9 million, or 44 cents a share, the operator of the Chicago Board Options Exchange said in a statement. Revenue rose to $150.8 million, from $132.6 million.
Adjustments to 2013 second-quarter expenses included a settlement with the U.S. Securities and Exchange Commission over a regulatory probe.
Without adjustment, net income in the quarter was $45.4 million, or 52 cents a share.