CME Sustains Growth Momentum Across Asset Classes In October

by Trefis Team
-20.17%
Downside
150
Market
120
Trefis
CME
CME Group
Rate   |   votes   |   Share

After a solid performance across most of its major asset classes in the first three quarters, CME Group‘s (NASDAQ:CME) trading volumes saw impressive growth in October, with its daily volumes coming in 14% above the year ago levels. Recent rate hikes and the Fed’s indications of another hike in the year ahead has boosted investor interest in interest rate derivatives, with trading volumes 33% ahead of the levels seen in October 2016. Energy derivatives maintained solid volumes, but the marginal decline from the year ago levels is likely due to the strong demand towards the end of 2016 with the surge in oil prices due to cuts in production. Meanwhile, metal derivatives saw 46% growth in trading volumes as they are considered a safe investment asset. We expect further volume growth with further improvement in the U.S. economy.

We have a $120 price estimate for CME’s stock, which is 15% below the current market price.

See the full Trefis analysis for CME Group.

View Interactive Institutional Research (Powered by Trefis):

Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap | More Trefis Research

Rate   |   votes   |   Share

Comments

Name (Required)
Email (Required, but never displayed)
Be the first to comment!