CME Group International Average Daily Volume Reaches Record 6.8M Contracts in 2023, Up 8% from 2022
Portfolio Pulse from Benzinga Newsdesk
CME Group reported a record international average daily volume (ADV) of 6.8 million contracts in 2023, marking an 8% increase from the previous year. The growth was primarily attributed to a 26% rise in Equity Index products and a 23% increase in Interest Rate products.
January 10, 2024 | 8:38 am
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POSITIVE IMPACT
CME Group's record international ADV of 6.8 million contracts in 2023, an 8% increase from 2022, indicates strong performance, particularly in Equity Index and Interest Rate products.
The reported increase in international ADV for CME Group is a positive indicator of the company's performance and market position. The significant growth in Equity Index and Interest Rate products suggests increased trading activity and demand for CME's offerings, which could lead to higher revenue from transaction fees. This news is likely to be viewed positively by investors and could result in a short-term uptick in CME's stock price.
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IMPORTANCE 80
RELEVANCE 100