In the fourth quarter, the firm reported $1.4 billion in revenue.
The average daily volume rose 17% year-over-year in the same quarter.
CME Group Inc. (NASDAQ: CME)
disclosed its financial performance for the fourth quarter and full year of
2023, showcasing strong figures across key metrics.
Full Year 2023 and Fourth Quarter Financial Overview
In the fourth quarter of 2023,
CME Group Inc. reported strong financial results, with revenue reaching $1.4
billion and operating income standing at $863 million.
Net income for the
quarter amounted to $815 million. Total revenue for the full year
2023 amounted to $5.6 billion, accompanied by operating income of $3.4 billion.
Net income for the year stood at $3.2 billion.
"As global investors turned
to our deep, liquid markets to manage risk across asset classes, CME Group
average daily volume climbed to a record 24.4 million contracts in 2023,
generating both record revenue and adjusted earnings," said Terry Duffy,
CME's Group Chairman and Chief Executive Officer.
In the fourth quarter of 2023,
average daily volume (ADV) increased 17% compared to the same period in 2022.
Non-US ADV saw a notable uptick of 28%. Revenue from clearing and
transaction fees in the fourth quarter of 2023 amounted to nearly $1.2 billion.
Market data revenue for the same period totaled $167 million.
Introducing CME FX Spot+:
Bridging Futures and Spot FX Markets
Using a central limit order book, the platform allows access to
CME's futures liquidity in over-the-counter (OTC) spot terms and expands FX
futures traders' access to OTC FX liquidity.
Leveraging FX Link, which connects OTC spot FX
and CME FX futures trading, CME FX Spot+ will be accessible through CME Globex
and EBS Market, benefiting EBS' global spot FX customer base. Paul Houston, CME
Group's Global Head of FX Products, emphasized the platform's role in enhancing
access, transparency, and trading opportunities across spot FX and FX futures
markets.
CME Group Inc. (NASDAQ: CME)
disclosed its financial performance for the fourth quarter and full year of
2023, showcasing strong figures across key metrics.
Full Year 2023 and Fourth Quarter Financial Overview
In the fourth quarter of 2023,
CME Group Inc. reported strong financial results, with revenue reaching $1.4
billion and operating income standing at $863 million.
Net income for the
quarter amounted to $815 million. Total revenue for the full year
2023 amounted to $5.6 billion, accompanied by operating income of $3.4 billion.
Net income for the year stood at $3.2 billion.
"As global investors turned
to our deep, liquid markets to manage risk across asset classes, CME Group
average daily volume climbed to a record 24.4 million contracts in 2023,
generating both record revenue and adjusted earnings," said Terry Duffy,
CME's Group Chairman and Chief Executive Officer.
In the fourth quarter of 2023,
average daily volume (ADV) increased 17% compared to the same period in 2022.
Non-US ADV saw a notable uptick of 28%. Revenue from clearing and
transaction fees in the fourth quarter of 2023 amounted to nearly $1.2 billion.
Market data revenue for the same period totaled $167 million.
Introducing CME FX Spot+:
Bridging Futures and Spot FX Markets
Using a central limit order book, the platform allows access to
CME's futures liquidity in over-the-counter (OTC) spot terms and expands FX
futures traders' access to OTC FX liquidity.
Leveraging FX Link, which connects OTC spot FX
and CME FX futures trading, CME FX Spot+ will be accessible through CME Globex
and EBS Market, benefiting EBS' global spot FX customer base. Paul Houston, CME
Group's Global Head of FX Products, emphasized the platform's role in enhancing
access, transparency, and trading opportunities across spot FX and FX futures
markets.
Appital Insights Integrates with FactSet Portware EMS
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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