US derivatives marketplace CME Group has released its financial results for the second quarter of 2022.
The Group reported $1.2 billion in revenue for the three months between April and June, registering a 4.9% increase on yearly basis. Its operating income for the quarter reached $749.7 million, up 11.1% compared to the same period the previous year.
The company detailed that net income for third quarter stood at $662.5 million, while the diluted earnings per share stood at $1.82. On adjusted basis, those figures were $716.5 million and $1.97, respectively.
The average daily volume (ADV) of the period was up 25%, reaching 23.05 million contracts. Non-US ADV reached 6.3 million contracts, seeing growth in Latin America, Asia and EMEA of 40%, 36% and 15%, respectively.
We reached our third highest quarterly average daily volume on record in Q2, and, in particular, our SOFR futures and options contracts reached new records in both volume and open interest, driven by the industry’s accelerating transition away from USD LIBOR.
Additionally, market users increasingly turned to our micro and E-mini contracts to customize their trading strategies. Moving forward, we will remain focused on providing our clients with the tools they need to manage risk amid central bank tightening, historic inflation and other challenging market conditions.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.