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
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 to
spend that cash on an acquisition or return it to shareholders
in a special dividend.
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