Why CME Group Stock Rose 12% in August
Shares of CME Group (NASDAQ: CME) climbed more than 10% last month, according to data provided by S&P Global Market Intelligence, following the release of the exchange operator's second-quarter results.
CME Group's revenue jumped 20% year over year, to $1.3 billion. The gains were fueled by strong growth in the exchange-giant's international markets. CME Group's trading volumes in Latin America, Asia, and Europe leapt 81%, 28%, and 22%, respectively.
"We delivered the second-highest quarterly average daily volume in our history, with 21 million contracts per day, driven in part by record trading volume outside the U.S. and strong options activity, while maintaining our focus on expense control," Chairman and CEO Officer Terry Duffy said in a press release.
Source Fool.com
