CME Group Inc. said its earnings rose 23% as trading volume
picked up in the third quarter.
The company's profit exceeded expectations.
CME Group, which is the largest futures exchange operator in the
world in terms of contracts traded, posted a 12% increase in
trading volume during the period, reflecting an average of about
13.5 million contracts a day. CME said interest rate volume rose
23% to a daily average of 7.2 million contracts.
The company said it enjoyed record overall options volume and
record volume from outside the U.S., which also accounted for 60%
of quarterly volume growth.
"In addition, the momentum has continued, and October is on
track to have the highest monthly volume in our history," Executive
Chairman Terry Duffy said, adding that there has been "significant
client demand during a more volatile period."
Overall, CME Group posted earnings of $290 million, or 86 cents
a share, up from $236.7 million, or 71 cents a share, in the
prior-year period. Excluding items, the company's per-share
earnings were 84 cents.
Revenue rose 6.7% to $762.4 million.
Analysts had expected 83 cents a share in earnings to go along
with $765 million in revenue.
Revenue from clearing and transaction fees improved 7.3% to
$641.8 million. Market data and information-services revenue rose
12% to $87.7 million.
Write to Michael Calia at michael.calia@wsj.com
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