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Chicago exchange counts credit crunch profits

The Chicago Board Options Exchange has posted buoyant first-half year profits as its cross-town counterpart, the derivatives exchange CME Group, reiterated its plans to move into the lucrative over-the-counter markets.

The CBOE announced a 55% surge in first-half net income to $56m (€35m), as volatile markets drove volumes up 31% to 558 million contracts.

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