CME’s Strong Trading Activity Is Likely To Boost Q3 Results

by Trefis Team
-20.17%
Downside
150
Market
120
Trefis
CME
CME Group
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After a solid performance in the previous two months, CME Group‘s (NASDAQ:CME) impressive trading volume growth in September indicates that the exchange’s Q3 earnings should be fairly strong. Its daily volumes for Q3 were 10% above the year ago levels.  Recent rate hikes and the expectation of another hike in the year ahead has boosted investor interest in interest rate derivatives, with trading volumes 9% ahead of the levels seen in Q3 2016. Energy derivatives picked up in pace as well, with the recent surge in oil prices due to cuts in production. Meanwhile, metal derivatives saw 42% growth in trading volumes. We expect further volume growth with further improvement in the U.S. economy. After remaining subdued for most of the year so far, agricultural commodities volumes increased with the recent hurricanes striking coastal regions.

See the full Trefis analysis for CME Group.

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