In the third quarter, the firm reported a revenue of $904.2 million.
On Thursday, CME Group, the world’s largest futures Exchange operator published its third-quarter results. During the period the firm experienced an increase in revenue despite sluggish trading activity.
Specifically, the firm reported a revenue of $904.2 million. When comparing this figure to the same time period one year ago, this is an increase of around 1.5 percent from $890.8 million.
Operating income for the third quarter of this year came in at $549.9 million. This is down by 3.2 percent from the same time period last year, which had an operating income of $567.7 million.
During the third quarter, net income was $411.8 million, a jump of 25.1 percent year-on-year. Diluted earnings per share were also up on a yearly basis, coming in at $1.21, an increase of $0.91.
Commenting on the results, CME Group Chairman and Chief Executive Officer Terry Duffy said: "The third quarter improved steadily from July to September, driven by strength in our interest rate, Equities and metals product lines."
“Our solid expense management contributed to adjusted diluted earnings per share growth of more than 20 percent in the third quarter... In addition, we have had an exceptional start to the fourth quarter, with growth in all six product areas and total volume up more than 40 percent compared with the same period a year ago."
Average Daily Volumes Decline in Q3 for CME Group
In the third quarter of this year, the average daily volume was 15.6 million contracts. This is a fall of one percent compared to the third-quarter of 2017. It’s also the lowest figure experienced in the past five quarters.
The average daily volume for foreign exchange contracts was 944 thousand. This is 27 thousand fewer contracts than the same time period last year and an even larger decline of 91 thousand contracts from the previous quarter.
In fact, all product lines were down on a quarter-on-quarter basis, which includes equity, interest rate, metal and agricultural commodity contracts. Interest rate contracts experienced the biggest drop in the number of contracts traded - going from 9,200 in the second quarter of this year, down to 7,798 in Q3. This represents a fall of 1,402 contracts quarter-on-quarter.
On Thursday, CME Group, the world’s largest futures Exchange operator published its third-quarter results. During the period the firm experienced an increase in revenue despite sluggish trading activity.
Specifically, the firm reported a revenue of $904.2 million. When comparing this figure to the same time period one year ago, this is an increase of around 1.5 percent from $890.8 million.
Operating income for the third quarter of this year came in at $549.9 million. This is down by 3.2 percent from the same time period last year, which had an operating income of $567.7 million.
During the third quarter, net income was $411.8 million, a jump of 25.1 percent year-on-year. Diluted earnings per share were also up on a yearly basis, coming in at $1.21, an increase of $0.91.
Commenting on the results, CME Group Chairman and Chief Executive Officer Terry Duffy said: "The third quarter improved steadily from July to September, driven by strength in our interest rate, Equities and metals product lines."
“Our solid expense management contributed to adjusted diluted earnings per share growth of more than 20 percent in the third quarter... In addition, we have had an exceptional start to the fourth quarter, with growth in all six product areas and total volume up more than 40 percent compared with the same period a year ago."
Average Daily Volumes Decline in Q3 for CME Group
In the third quarter of this year, the average daily volume was 15.6 million contracts. This is a fall of one percent compared to the third-quarter of 2017. It’s also the lowest figure experienced in the past five quarters.
The average daily volume for foreign exchange contracts was 944 thousand. This is 27 thousand fewer contracts than the same time period last year and an even larger decline of 91 thousand contracts from the previous quarter.
In fact, all product lines were down on a quarter-on-quarter basis, which includes equity, interest rate, metal and agricultural commodity contracts. Interest rate contracts experienced the biggest drop in the number of contracts traded - going from 9,200 in the second quarter of this year, down to 7,798 in Q3. This represents a fall of 1,402 contracts quarter-on-quarter.
Institutional FX Demand Continues to Climb in April
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!
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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 🔗 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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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s 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 🔗 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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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 Africa’s 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 🔗 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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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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
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#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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