CME Group Scoring High With Aluminum Futures Contracts: Here's Details
Portfolio Pulse from Lekha Gupta
CME Group Inc has reported a higher volume growth for the sixth consecutive quarter due to a strong surge in participation in its global Aluminum futures contract. In Q3, the average daily trading volume (ADV) rose 98% Y/Y to 4,656 contracts. In September, ADV reached a new high of 6,118 contracts, growing 132% Y/Y. The company's industrial metals sector is also showing growth, with a notable acceleration in copper futures. CME shares closed higher by 2.18% at $211.93 on Friday.
October 09, 2023 | 11:41 am
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POSITIVE IMPACT
CME Group's strong performance in Aluminum futures contract and growth in industrial metals sector could positively impact its stock price.
The news about CME Group's higher volume growth and strong performance in Aluminum futures contract is directly related to the company's operations and could positively impact investor sentiment, potentially leading to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100