CME Group, a major exchange operator, reported a notable increase in its adjusted profit for the first quarter, largely driven by an upswing in futures and options contracts tied to U.S. Treasuries and elevated trading activity in commodity markets. This positive performance was underpinned by a record-breaking average daily volume (ADV) of 7.8 million contracts per day in its U.S. Treasuries futures and options, representing a 12% growth year-over-year. Additionally, the ADV in its commodities markets witnessed a substantial 14% increase to 4.7 million contracts. The company’s revenue streams, primarily derived from clearing and transaction fees, experienced a modest 0.7% uptick to reach $1.21 billion. This contributed to a 3% overall revenue growth, which amounted to $1.49 billion. On an adjusted basis, CME Group’s net income climbed to $911.1 million, equivalent to $2.50 per share for the quarter, surpassing the previous year’s figures of $882.3 million and $2.42 per share, respectively.
CME Group Reports Rise in Q1 Profit as Treasury and Commodity Trading Surges
