CME Group Inc, the largest U.S. futures exchange operator, on Monday reported a rise in quarterly profit amid increased demand for over-the-counter clearing.
Net profit at the Chicago-based exchange operator rose to $236.7 million, or 71 cents a share, in the third quarter, from $218 million, or 66 cents a share.
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Adjusted earnings were 75 cents a share. Analysts expected 73 cents, according to Thomson Reuters I/B/E/S. Revenue rose to $714.6 million from $683.2 million.
Regulators globally have pushed more over-the-counter derivatives into clearinghouses and onto regulated trading venues after problems in the $600 trillion swaps market exacerbated the 2007-2009 financial crisis.
Average daily trading volume at CME Group during the quarter was 12 million contracts, up 11 percent from a year ago, and included 29 percent growth in interest rate volume and 10 percent growth in metals volume, the company said.