Exchange Operator CME Group’s Profit Rises in Second Quarter

Sales volume for the exchange operator’s rates products, one of its top hedging products, was up nearly 25%.

CME‘s net profit rose to $510.3 million, or $1.42 per share, in the quarter ended June 30, from $503.3 million, or $1.40 per share, a year earlier.

On an adjusted basis, the company earned $1.64 per share. Analysts had expected a profit of $1.61 per share, according to IBES data from Refinitiv.

Total quarterly revenue was $1.18 billion, in line with a year earlier.

(Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)