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Chicago Mercantile's Unique Business Netted Big Stock Gains.(SERIES: Best Of Stocks Of 2004)(MAKING MONEY)(INVESTOR'S CORNER)
Byline: JONAH KERI
Best Of Stocks Of 2004
A breakthrough new gadget or a revolutionary medical breakthrough can drive a stock to huge gains. If a company's business seems less exciting, though, don't necessarily let that scare you off. A leader with great growth can rack up big gains, regardless of its chosen endeavor.
Chicago Mercantile Exchange proved that point as one of the best stocks of 2004. The exchange provides a marketplace for agricultural commodities, plus interest rate, stock index and foreign exchange futures.
Sounds dull, right? How much money can a firm make brokering deals on pork bellies?
Plenty. From its debut in December 2002, Chicago Merc has been a highly profitable company. The exchange relies on volume to fuel both sales and earnings growth. As it's hit various volume milestones, its numbers have spiked in lock step.
Revenue growth has surged to 43% from 6% in the last four quarters. Profit growth leapt 85% last quarter, the best result in the firm's eight reported quarters.
- Volume up 54% in '94 at Chicago Merc. (Chicago Mercantile Exchange) (Brief...
- Magazine article from: American Banker January 6, 1995 700+ words
CHICAGO -- The Chicago Mercantile Exchange said 226.4 million contracts were traded in 1994...at 2.2 million, down 10.9% from the previous year. The Chicago Merc said its currency contract volume was dragged down by a poor...
- Peso futures a hot item, Chicago Merc reports.(Mexican Peso, Chicago Mercantile...
- Magazine article from: American Banker August 23, 1995 700+ words
...peso futures has passed the 10,000 contract barrier, the Chicago Mercantile Exchange reported. At the market close on Aug. 7, the...their positions," said Jack Sandner, chairman of the Chicago Merc. The announcement went on to say that trading in peso contracts...
- Chicago Merc banks on collateral movement.(Chicago Mercantile Exchange's...
- Magazine article from: American Banker Allen, James C. December 12, 1995 700+ words
...bank counterparties. The Chicago Mercantile Exchange's Depository Trust...and chief executive of the Chicago Merc's unit, which was incorporated...was important to portray the Chicago Mercantile Exchange as the choice of...
- Yen currency forwards offered by Chicago Merc. (Chicago Mercantile Exchange)...
- Magazine article from: American Banker January 10, 1995 700+ words
CHICAGO -- The Chicago Mercantile Exchange is offering yen rolling spot and currency forward contracts. Currency forwards are futures contracts that replicate interbank...
- Canadian T-Bills secure Chicago Merc deals. (Chicago Mercantile Exchange will...
- Magazine article from: American Banker Allen, James C. February 23, 1996 700+ words
The Chicago Mercantile Exchange is now accepting Canadian treasury securities as collateral for options and futures contracts traded on the exchange...
- Chicago Merc trading Euromark futures. (Chicago Mercantile Exchange offers...
- Magazine article from: American Banker Reerink, Jack May 7, 1993 700+ words
WASHINGTON - The Chicago Mercantile Exchange has begun trading Euromark futures to lure American business away from the Merc's main competitor in London. The new...
- Chicago Merc adding emerging-markets arm. (Chicago Mercantile Exchange)(Brief...
- Magazine article from: American Banker Allen, James C. September 25, 1995 700+ words
Hoping to continue the buildup in Chicago Mercantile Exchange's emerging-markets trading business, the board of directors has voted unanimously to create a Growth and Emerging...
- Chicago Merc eyes peso futures, options. (Chicago Mercantile Exchange) (Brief...
- Magazine article from: American Banker January 24, 1995 700+ words
CHICAGO -- Unfazed by the growing economic crisis south of the border, the Chicago Mercantile Exchange has filed to introduce new currency futures and options based on the Mexican peso. The action, approved by the exchange...