CME Group Net Income Falls 31 Percent as Rates Volume Decreases
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CME Group Inc., the world’s largest futures market, said third-quarter profit fell 31 percent as trading in interest-rate contracts, its largest asset class, declined the same amount.
Net income dropped to $218 million, or 66 cents a share, from $316 million, or 95 cents a share, a year earlier, Chicago-based CME said today in a statement distributed by PR Newswire. Excluding a $16 million income tax provision related to the company’s joint-venture with S&P Dow Jones Indices, profit was 70 cents per share, exceeding the average estimate of 69 cents in a Bloomberg survey of analysts.