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Screenshot of a breaking news alert e-mail from Q2 2017
Greater volatility and record volumes from Asia and Latin America drive growth.
CME Group, which runs the world’s largest derivatives marketplace, released its Q2 results today, which were up nicely and which handily beats Wall Street analysts’ expectations.
CME Q2 revenues came in at $816 million, up 14% from Q1, while net earnings totaled 311 million (a nice 38% net margin), up 32% from Q2. Wall Street analysts were calling for an increase in Q2, but not this much on either front. CME management attributed the increases mainly to record volumes from Asia and Latin America clients during the quarter.
The news really shouldn’t be a surprise to readers of LeapRate. We’ve mentioned several times in the past few months that CME volumes have been the highest they’ve been in years, at least in the forex futures sector. We’ve also noted they’ve had quite a number of best-ever-days in Gold trading and in Crude Oil trading.
For the complete CME Group Q2 results press release click here.