CME Group, Inc. reported a solid second quarter, posting a 22 percent increase in adjusted earnings. The company, which owns and operates a number of important exchange properties including the Chicago Mercantile Board and the Chicago Board of Trade, benefited from increased transaction volumes in many of its most popular futures products.
Economic uncertainty during the quarter drove many to hedge their risk in the commodities markets.
“CME Group’s performance during the second quarter underscored the value of our products to our customers during highly volatile conditions,” said CME chief executive officer Craig Donohue. “Volume was up in every asset class, resulting in 31 percent average daily volume growth from the same quarter last year, and generating $814 million in total revenues.”
The group had profits of $270.7 million, or $4.11 per share, during the second quarter, a significant improvement from last year’s figure of $3.33 per share during the same period. That figure factored a goodwill write down of one of its subsidiaries, Credit Market analysis, without which profit would have been $4.43 per share.
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