CME Sustaining Growth Momentum Across Asset Classes In Q1

+5.55%
Upside
216
Market
228
Trefis
CME: CME Group logo
CME
CME Group

CME Group‘s (NASDAQ:CME) trading volumes saw impressive growth in Q1, with its daily volumes coming in 29% above the year-ago levels. Recent rate hikes and the Fed’s indications of a series of hikes in the year ahead has boosted investor interest in interest rate derivatives, with trading volumes 29% ahead of the levels seen in Q1 2017. Energy derivatives maintained solid volumes with the recent surge in oil prices and OPEC’s recent stance on capping production. Meanwhile, metal derivatives saw a 39% growth in trading volumes as they are considered a safe investment asset. Moreover, the continuous movements in gold and silver prices have continued to boost metals derivative volumes. We expect further volume growth with further improvement in the U.S. economy.

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We have a $146 price estimate for CME’s stock, which is below the current market price. Our interactive dashboard shows our expectations for the company’s FY’18 trading volumes; you can modify the key value drivers to see how they impact the company’s revenue.

 

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