The CME Group has seen strong growth across all six asset classes in 2024, resulting in a record average daily volume (ADV), which increased by 14% from 2023. These increases were driven by a demand for hedging, pushing the group's profits higher. The Q4 EPS exceeded expectations, and the stock prices hit a 52-week high of $249.21 amidst market optimism. Record revenues of $6.1B and profits of $3.5B were also highlighted, with the latter being attributed to a surge in trading volumes. However, some top executives at CME Group made major stock sales and the group fined SG Americas Securities over alleged rule violations. Cryptocurrency volumes reached all-time highs in the last quarter of 2024, and the group even announced the first trades of physically-delivered Ethanol Futures & Options. Meanwhile, CME reports its second-highest monthly ADV of 31.7 million contracts in August. With its quarterly earnings beating forecasts and a positive outlook for the future, the group plans to launch options on E-mini Select Sector Futures and Dow Jones U.S. Real Estate Index Futures later this year.
Cme Group CME News Analytics from Fri, 05 Jul 2024 07:00:00 GMT to Sat, 15 Feb 2025 02:45:31 GMT - Rating 7 - Innovation 3 - Information 8 - Rumor 3
