CME Q3 profits jump amid rise in over-the-counter clearing

Reuters

Nov 4 (Reuters) - CME Group Inc, the largest U.S.futures exchange operator, on Monday reported a rise inquarterly profit amid increased demand for over-the-counterclearing.

Net profit at the Chicago-based exchange operator rose to$236.7 million, or 71 cents a share, in the third quarter, from$218 million, or 66 cents a share.

Adjusted earnings were 75 cents a share. Analysts expected73 cents, according to Thomson Reuters I/B/E/S.Revenue rose to $714.6 million from $683.2 million.

Regulators globally have pushed more over-the-counterderivatives into clearinghouses and onto regulated tradingvenues after problems in the $600 trillion swaps marketexacerbated the 2007-2009 financial crisis.

Average daily trading volume at CME Group during the quarterwas 12 million contracts, up 11 percent from a year ago, andincluded 29 percent growth in interest rate volume and 10percent growth in metals volume, the company said.

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