Men enter the CME Group offices in New

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)