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Broad Based Volumes Rally Nets CME Group $891m in Revenues in Q3

by Victor Golovtchenko
  • Trading volumes at CME Group increased 10 percent year-on-year.
Broad Based Volumes Rally Nets CME Group $891m in Revenues in Q3
Bloomberg: CME Group's Chicago Board of Trade in Chicago, Illinois, U.S.
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CME Group has reported solid results in the third quarter of 2017. The company has generated $891 million of revenues and operating income of $568 million. CME’s net income was $309 million with diluted earnings per share at $0.91.

“Broad-based strength across our asset classes during the third quarter drove average daily volume up 10 percent, compared to the same quarter last year," said CME Group Chairman and Chief Executive Officer Terry Duffy.

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“This performance, coupled with expense discipline, resulted in double-digit adjusted earnings per share growth. Our options business was especially strong during the quarter. Total average daily volume in options increased 14 percent, with overall electronic options up 36 percent. We also continued to expand the number of customers we serve worldwide,” he added.

The company reported that its quarterly average daily volume from Europe increased over 20 percent, surpassing 3 million per day for the first time. The firm also registered an increase in Asia where business rose 17 percent to about 700,000 contracts per day.

Average daily trading volumes during the third quarter rose to 15.7 million contracts. The figure is higher by 10 percent compared to the third-quarter of 2016.

Clearing and transaction fee revenues rose 7 percent year-on-year to $756 million, while in the third quarter of 2017, the total average rate per contract was 74.9 cents, which is in line with the second quarter of 2017.

Market data revenue contracted 4 percent to $97 million, which is lower by 4 percent when compared to the third quarter of last year. The figure rebounded slightly when compared to the second quarter of this year.

CME Group has reported solid results in the third quarter of 2017. The company has generated $891 million of revenues and operating income of $568 million. CME’s net income was $309 million with diluted earnings per share at $0.91.

“Broad-based strength across our asset classes during the third quarter drove average daily volume up 10 percent, compared to the same quarter last year," said CME Group Chairman and Chief Executive Officer Terry Duffy.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

“This performance, coupled with expense discipline, resulted in double-digit adjusted earnings per share growth. Our options business was especially strong during the quarter. Total average daily volume in options increased 14 percent, with overall electronic options up 36 percent. We also continued to expand the number of customers we serve worldwide,” he added.

The company reported that its quarterly average daily volume from Europe increased over 20 percent, surpassing 3 million per day for the first time. The firm also registered an increase in Asia where business rose 17 percent to about 700,000 contracts per day.

Average daily trading volumes during the third quarter rose to 15.7 million contracts. The figure is higher by 10 percent compared to the third-quarter of 2016.

Clearing and transaction fee revenues rose 7 percent year-on-year to $756 million, while in the third quarter of 2017, the total average rate per contract was 74.9 cents, which is in line with the second quarter of 2017.

Market data revenue contracted 4 percent to $97 million, which is lower by 4 percent when compared to the third quarter of last year. The figure rebounded slightly when compared to the second quarter of this year.

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