CME Group Reports Increased Q3 Profit Due to Trading Strength
Profit surge due to high demand for hedging products amid market volatility; Q3 revenue grows 9% reaching $1.34 billion, surpassing Wall Street expectations.
- CME Group's Q3 profits increased due to a rise in traders using its products to hedge against market volatility amid geopolitical uncertainty and economic instability.
- Revenue grew 9% from last year, reaching $1.34 billion in Q3, beating Wall Street forecasts.
- Clearing and transaction revenue rose by 8.7% to $1.09 billion, and revenue for market data and information services climbed 8.6% to $167.6 million.
- The demand for hedging products allowed CME to register three consecutive years of revenue growth and achieve a daily volume of 22.3 million in Q3.
Reuters 
Washington Post 
