CME's second-quarter profit rises on higher trading activity

Reuters
07-23
CME's second-quarter profit rises on higher trading activity

July 23 (Reuters) - Derivatives exchange CME Group CME.O reported a higher second-quarter profit on Wednesday, as record volatility boosted demand for its products, which are often used to hedge against macroeconomic uncertainty.

Profit attributable to CME shareholders was $1.01 billion, or $2.81 per share, for the three months ended June 30, compared with $872 million, or $2.42 per share, reported last year.

(Reporting by Ateev Bhandari and Atharva Singh in Bengaluru; Editing by Arun Koyyur)

((Atharva.Singh@thomsonreuters.com;))

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