Bolstered by higher trading volumes, Chicago Mercantile Exchange (CME) reported that net income rose 30% in the third quarter over a year earlier.
In an earnings call on 25 October, CME told analysts that average daily volume for the quarter was 4.2m contracts, up 30% from 3.2m contracts a year earlier. Trading on electronic platform Globex continued to rise, as volumes jumped 45% to 2.9m contracts per day. Globex volume for the quarter represented 69% of total CME volume, up from 61% from a year earlier.
CME continued to grow its working capital, reaching a record $883m on 30 September, up $74m for the quarter. That once again begged the question from analysts about whether CME planned...