The average daily volume for Q4 of 2018 was 20.8 million contracts, the second highest quarterly AVD reached.
CME Group, a futures exchange operator, has announced its financial results for the fourth quarter and full year of 2018, where the Chicago-based firm managed to achieve an uptick in revenues for both time periods.
Starting off first with the final quarter of 2018, the company managed to achieve total revenues of $1.2 billion. When measured against the same quarter in 2017, this is up by 37.4 percent from $900 million.
Contributing to total revenues is revenue from clearing and transaction fees, which was $1.03 billion in the final quarter of last year. This is up by around 36.4 percent from the fourth quarter of 2017, which had revenue of $758.4 million.
The average daily volume (ADV) for the fourth quarter of 2018 was 20.8 million contracts. This represents an increase of 31 percent year-on-year. It is also the second highest quarterly AVD ever reached by CME Group.
The quarterly ADV for foreign exchange (Forex) trading was $942,000 in Q4 of 2018. However, this is actually the lowest ADV reported for CME Group for the whole of 2018, and only slightly up by $1,000 year-on-year.
Commenting on the results, CME Group Chairman and Chief Executive Officer Terry Duffy said: "During the fourth quarter, elevated volatility and increased customer demand for our diverse Risk Management products resulted in strong trading volumes, exceeding 20 million contracts per day.”
CME Group Achieves Solid Full-Year Revenues
Taking a look at the full year, total revenues for 2018 were $4.3 billion, up by 18.2 percent from $3.6 billion in 2017. For the same period, operating income was $2.6 billion, and net income was $2.0 billion
“We set annual average daily volume records in four of our six asset classes as well as in total options and demonstrated solid expense control during 2018. In November, we completed the NEX acquisition, which positions us to launch innovative new products to an expanding global customer base across futures, options, cash and OTC markets,” Duffy continued.
“Looking ahead to 2019, we're extremely focused on the continued integration of these two great companies, and expect to unlock additional value for our customers and shareholders," he added.
CME Group, a futures exchange operator, has announced its financial results for the fourth quarter and full year of 2018, where the Chicago-based firm managed to achieve an uptick in revenues for both time periods.
Starting off first with the final quarter of 2018, the company managed to achieve total revenues of $1.2 billion. When measured against the same quarter in 2017, this is up by 37.4 percent from $900 million.
Contributing to total revenues is revenue from clearing and transaction fees, which was $1.03 billion in the final quarter of last year. This is up by around 36.4 percent from the fourth quarter of 2017, which had revenue of $758.4 million.
The average daily volume (ADV) for the fourth quarter of 2018 was 20.8 million contracts. This represents an increase of 31 percent year-on-year. It is also the second highest quarterly AVD ever reached by CME Group.
The quarterly ADV for foreign exchange (Forex) trading was $942,000 in Q4 of 2018. However, this is actually the lowest ADV reported for CME Group for the whole of 2018, and only slightly up by $1,000 year-on-year.
Commenting on the results, CME Group Chairman and Chief Executive Officer Terry Duffy said: "During the fourth quarter, elevated volatility and increased customer demand for our diverse Risk Management products resulted in strong trading volumes, exceeding 20 million contracts per day.”
CME Group Achieves Solid Full-Year Revenues
Taking a look at the full year, total revenues for 2018 were $4.3 billion, up by 18.2 percent from $3.6 billion in 2017. For the same period, operating income was $2.6 billion, and net income was $2.0 billion
“We set annual average daily volume records in four of our six asset classes as well as in total options and demonstrated solid expense control during 2018. In November, we completed the NEX acquisition, which positions us to launch innovative new products to an expanding global customer base across futures, options, cash and OTC markets,” Duffy continued.
“Looking ahead to 2019, we're extremely focused on the continued integration of these two great companies, and expect to unlock additional value for our customers and shareholders," he added.
TP ICAP Q1 Revenue Dips 3%, April Rebound Boosts Outlook
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#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.
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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!
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
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.
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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.
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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
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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
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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.
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#fmas #fmas24 #fmevents #networking #finance #africa