Nymex Holdings’ fourth-quarter earnings rise 50%

Posted on February 1, 2008

The growing popularity of electronic trading sparked Nymex Holdings Inc.’s income to balloon 50% in the fourth quarter, the parent company of the New York Mercantile Exchange said Friday.
The company, which became a hot acquisition target in recent days, also credited the profit jump to falling costs and increased volume at the end of 2007, a turbulent time for financial markets.