CME Group beats Wall Street hopes

CME Group, the world’s biggest futures exchange operator, reported a 27 per cent rise in quarterly profit yesterday, beating expectations, as trading jumped both at home and abroad. Net income rose to $311.2m or 93 cents a share, in the second quarter, from $244.9m, or 74 cents a share, a year earlier, the Chicago-based exchange operator said yesterday. Total revenue rose to $816.1m from $795.9m a year earlier as trading at its exchanges rose 16 per cent to a daily average of 14.3m contracts.