CME Group Makes Clean Sweep With Solid Average Daily Volume
Zacks Investment Research | Sep 06, 2017 10:09PM ET
Shares of CME Group Inc. (NASDAQ:CME) gained 2.4% in the last trading session after it reported average daily volume (ADV) for August. ADV of 16 million contracts per day improved 16% year over year. Of this, Options volume surged 30% year over year to average 3.1 million contracts per day, while electronic options soared 51% year over year and averaged 2.2 million contracts per day. The company witnessed increase in ADV in all six product lines.
Metals volume of 0.6 million contracts per day increased 50%, whereas Energy volume of 2.8 million contracts rallied 25%. Interest rate volume of 7.8 million contracts per day rose 10%, Equity index volume of 2.7 million increased 15% and Foreign exchange volume improved 29% to about 0.8 million. Agricultural volume of about 1.5 million contracts per day increased 18% year over year.
Recently, securities exchanges namely, CBOE Holdings Inc. (NASDAQ:CBOE) , Intercontinental Exchange, Inc. (NASDAQ:NDAQ) and MarketAxess Holdings Ltd. (NASDAQ:MKTX) also posted their August volumes.
CBOE Holdings’ ADV increased 33% to 7.4 million contracts per day, while Intercontinental Exchange witnessed a 12% increase in ADV to 4.6 million contracts. MarketAxess’ monthly trading volume for August was $114.3 billion.
Shares of CME Group have outperformed the Zacks Investment Research
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