CME Group Reports Record April Average Daily Volume Of 26.5M Contracts, With Double-Digit Growth Across All Asset Classes
Portfolio Pulse from Benzinga Newsdesk
CME Group announced a record April Average Daily Volume (ADV) of 26.5 million contracts, marking a 33% increase over April 2023. This growth was seen across all asset classes, including interest rate, equity index, metals, FX, and options products, with a notable record in U.S. Treasury options.
May 02, 2024 | 12:22 pm
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CME Group's record April ADV of 26.5 million contracts, with a 33% year-over-year growth, indicates strong trading activity across all asset classes.
The record ADV reported by CME Group signifies increased trading activity, which is likely to be viewed positively by investors. Higher trading volumes can lead to increased revenue from transaction fees, which is a key income source for exchanges like CME. This news is directly related to CME's core business and financial performance, making it highly relevant and important for investors. The positive growth trend in trading volumes across diverse asset classes suggests a robust trading environment, which could lead to upward pressure on CME's stock price in the short term.
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