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National & World Ag News Headlines |
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CME Group Reports Higher Net Income
USAgNet - 10/28/2016
CME Group Inc. reported revenue of $842 million and operating income of $525 million for the third quarter of 2016.
"Our solid third-quarter results included 22 percent year-over-year growth in metals average daily volume and 17 percent growth in energy," said CME Group Executive Chairman and President Terry Duffy. "We are pleased with the overall results this quarter
considering there was a significant reduction in market volatility, primarily in financial products, from the same period last year. That was our best quarter during 2015, and represented the second-highest quarterly revenue in our history at that time."
The proportion of average daily options volume traded electronically hit an all-time high in the third quarter, which has already been surpassed so far in the fourth quarter. During the third quarter, average daily volume of our highly successful Ultra 10-year
Treasury futures contract expanded by 17 percent compared with the second quarter.
Third-quarter 2016 average daily volume was 14.3 million contracts, flat compared with an exceptionally strong third-quarter 2015.
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