Reported about 1 month ago
CME Group announced a significant increase in third-quarter profits, driven by heightened trading volumes as investors flocked to derivatives markets amidst U.S. monetary policy uncertainties and geopolitical tensions. The exchange recorded a remarkable 27% rise in average daily volumes, reaching 28.3 million contracts, with interest rate products witnessing a 36% surge. Overall revenues soared to $1.6 billion, surpassing expectations, while net income rose to $901.3 million. CEO Terry Duffy emphasized the ongoing global demand for risk management as a key driver of CME's record performance.
Source: YAHOO