CME Group Inc. (CME) reported its January daily exchange trading
volume was lighter than a year earlier but moved higher after a
quiet December.
The company said daily volume in January averaged 11.6 million
contracts, down 5.4% from a year earlier although up 21% over
December.
Among CME's product lines, daily volume for interest-rate
futures, its largest product by that measurement, slipped 2.1% from
a year earlier in January to average 5.2 million contracts a day.
Foreign exchange volume tumbled 21% from a year earlier, while
equity index volume was down 13%.
CME earlier Thursday reported its fourth-quarter earnings surged
with help from a sizable tax-related adjustment, although core
results fell short of expectations.
Class A shares of CME closed Wednesday at $245.48 and were
inactive premarket. The stock is down 22% over the past 12
months.
-By Mia Lamar, Dow Jones Newswires; 212-416-3207;
mia.lamar@dowjones.com