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CME Group’s quarterly profit rises as high volatility spurred risk hedging

2023.04.26 07:14


© Reuters. FILE PHOTO: Men enter the CME Group offices in New York, U.S., October 18, 2017. REUTERS/Brendan McDermid/File Photo

(Reuters) – CME Group Inc (NASDAQ:) on Wednesday reported higher first-quarter profits, as traders turned to the exchange operator’s products to hedge against market volatility amid a banking crisis and worries over slowing macroeconomic growth.

On an adjusted basis, net income for the quarter was $882 million, or $2.42 per share, compared with $766 million, or $2.11 per share a year earlier.

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