CME Group Inc.'s (CME) December daily exchange trading volume
declined from both a year earlier and the prior month on a sizable
decline in trading volume for interest-rate futures.
The company reported daily volume averaged 9.6 million contracts
in December, down 9% from a year earlier and a 27% drop from
November.
Daily volume for interest-rate futures, the CME's biggest
product by that metric, fell 30% from a year earlier to average 3.5
million contracts a day. Foreign exchange volume slipped 11% from a
year earlier.
Equity index volume was up sharply, however, posting a 31% gain
from December 2010 to average 2.8 million contracts a day.
CME Group in November reported its third-quarter earnings jumped
29%, helped by a double-digit jump in clearing and transaction fee
revenue and sharply improved margins.
Class A shares of CME closed Tuesday at $245.63 and were
inactive premarket. The stock is down 2.7% in the past three
months.
-By Mia Lamar, Dow Jones Newswires; 212-416-3207;
mia.lamar@dowjones.com