CME Group Sees 125% Rise in Q3 Net Income

The net income for the period came in at $927 million.

CME Group (Nasdaq: CME), the operator of one of the largest US derivatives exchanges, published its financials for the third quarter of 2021. The company generated revenue of $1.1 billion and an operating income of $614 million.

The quarterly revenue of the US company jumped by 10 percent, while the operating income gained by 16.7 percent.

CME’s net income for the period came in at $927 million, which increased by more than 125 percent when compared with the same quarter of the previous financial year. The diluted earnings per share came in at $2.58 compared to last year’s $1.15.

On an adjusted basis, the company reported a net income of $574 million.

“We saw robust volume growth in Q3 as clients continued to manage a variety of risks during these times of ongoing economic uncertainty,” said the CME Group Chairman and CEO, Terry Duffy.

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Trading Demand Jumped

The revenue and income of the exchange operator were pushed higher by greater demand for trading. The average daily volume (ADV) of the company came in at 17.8 million contracts that include non-U.S. ADV of 5.0 million contracts. The ADV witnessed a year-over-year surge of 14 percent.

The company generated $879 million as clearing and transaction fees in the three month period. The revenue from market data services totalled $145 million.

“We remained focused on meeting the evolving needs of our clients through product innovation. Since the beginning of the year we have delivered 70 new products and solutions, including the introduction of Micro Treasury futures and new ESG-focused products in Q3,” Duffy added.

“Additionally, we made significant progress executing against our long-term strategy by completing the joint venture with IHS Markit and together launching OSTTRA, our new post-trade services company.”

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