Over the past week, trading providers and exchanges have been increasingly publishing their third-quarter financial results for 2019. This Wednesday, CME Group, , options and futures exchanges, has done so as well, revealing an uptick in revenues.
In particular, total revenues for the firm came in at $1.3 billion for the quarter ended September 30, 2019. This represents a growth of 43.8 per cent against the $904.2 million total revenues record in Q3 of 2018.
Contributing to total revenues, is clearing and transaction fees. In Q3 of 2019, CME Group reported a value of $1.04 billion. Against the same period of the previous year, it has grown by 38.3 per cent.
Operating income during the third quarter of 2019 also experienced a year-on-year uptick. Specifically, it increased by 19.7 per cent, rising from $549.9 million in Q3 of 2018 to $685.2 million in the most recent quarter.
FX trading falls in Q3 on CME
In terms of trading, CME Group posted a total quarterly average daily volume (ADV) of 20.2 million contracts, which is higher by 30 per cent year-on-year. The ADV transacted outside of the United States also grew by 40 per cent, reaching 5.3 million.
This includes a 34 per cent uptick in trading in Europe, 61 per cent growth in Asia, and an increase in the Latin America ADV of 87 per cent year-on-year.
Breaking down the total quarter ADV, the asset with the highest ADV for the third quarter were interest rates, with 10.87 million contracts traded. Against Q3 of 2018, this is higher by 39.4 per cent, but it is lower than the ADV of the previous quarter by 6.3 per cent.
Foreign exchange (forex) trading, however, was down on both a yearly and . In the third quarter of 2019, the ADV was 850,000 contracts, which is lower by 2.7 per cent and around 10.0 per cent, year-on-year and quarter-on-quarter, respectively.
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