CME Group Reports Rise in Third-Quarter Profit

(Reuters) – CME Group (NASDAQ:CME) reported a rise in third-quarter profit on Wednesday. Uncertainty regarding U.S. monetary policy led investors to adjust their portfolios, increasing trading volumes for the derivatives exchange.

Investors turned to CME's hedging products to manage risks from escalating uncertainties, including geopolitical tensions in the Middle East, resulting in double-digit growth across all asset classes.

CME's interest rate average daily volume (ADV) rose 36% to a quarterly record of 14.9 million contracts compared to last year. The company's total ADV reached 28.3 million contracts, reflecting a 27% increase from the previous year.

Clearing and transaction fees, CME's primary revenue source, soared 19.5% to $1.30 billion during the quarter.

Net income attributable to common shareholders increased to $901.3 million, or $2.50 per share, for the three months ending Sept. 30, up from $740.8 million, or $2.06 per share, a year earlier.