{"id":5715,"date":"2015-02-06T23:26:05","date_gmt":"2015-02-07T05:26:05","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=5715"},"modified":"2015-02-06T23:26:05","modified_gmt":"2015-02-07T05:26:05","slug":"cmes-earnings-climb-as-it-becomes-more-digital-global","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/","title":{"rendered":"CME’s earnings climb as it becomes more digital, global"},"content":{"rendered":"

By Yasufumi Saito<\/p>\n

CME Group Inc.<\/a>, the world\u2019s largest futures-exchange operator, reported late Thursday a 59 percent growth in fourth-quarter earnings as trading volume grew internationally. The shares climbed more than 3 percent Friday.
\n
\nFor the quarter ended Dec. 31, the bottom line increased to $306.5 million, or 91 cents per diluted share, from $193.1 million, or 58 cents per diluted share, in the year-ago period.<\/p>\n

Omitting one-time items such as reorganization costs, net income was $318.9 million, or 95 cents per diluted share, beating an estimate of 92.9 cents per share as compiled by Bloomberg L.P.<\/p>\n

Revenue jumped 22 percent to $841.1 million from $687 million in the year earlier quarter, reaching the company\u2019s second highest quarterly revenue.<\/p>\n

Average daily volume for the quarter was 14.8 million, up 31 percent from 11.3 million in the year-ago period. Interest rate contracts, which account for the largest proportion of the trading volume, increased 41 percent to 7.4 million from 5.2 million in the year-earlier period.<\/p>\n

\"CME<\/a>
Average Daily Volume of CME Group Inc. (Yasufumi Saito\/Medill)<\/figcaption><\/figure>\n

As electronic trading became more popular, the Chicago-based company attracted more foreign clients, in particular from Europe. CME traded 3 million contracts per day from out side of the U.S., which accounted for 24 percent of the daily volume, its highest level ever.<\/p>\n

\u201cWe have been investing organically in a very targeted way to broaden our global reach and to drive more core volume growth as trading conditions improve,\u201d said CEO Phupinder Gill in a conference call.<\/p>\n

Chief Financial Officer John Pietrowicz said in the teleconference that the company will save $10 million annually by closing open-outcry futures trading pits. The cost to run the trading floor is about $50 million annually.<\/p>\n

\u201cWe believe the CME is highly incentivized to automate all options and remove the remaining $40 million in annual pit expenses,\u201d said Richard Repetto, principal at Sandler O\u2019Neill & Partners L.P., in a note.<\/p>\n

For the full year 2014, earnings increased 15 percent to $1.12 billion, or $3.35 per diluted share, from $0.97 billion, or $2.92 per diluted share, in 2013. Sales grew 6 percent to $3.11 billion from $2.93 billion.<\/p>\n

CME shares closed Friday at $94.21, up $3.37, or 3.7 percent.<\/p>\n

Photo at top: Chicago Board of Trade is owned by CME Group Inc. (Ken Lund\/Creative Commons)<\/div>\n","protected":false},"excerpt":{"rendered":"

By Yasufumi Saito CME Group Inc., the world\u2019s largest futures-exchange operator, reported late Thursday a 59 percent growth in fourth-quarter earnings as trading volume grew internationally. The shares climbed more than 3 percent Friday.<\/p>\n","protected":false},"author":59,"featured_media":5718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,243],"tags":[],"class_list":["post-5715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-winter-2015"],"yoast_head":"\nCME's earnings climb as it becomes more digital, global - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CME's earnings climb as it becomes more digital, global - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Yasufumi Saito CME Group Inc., the world\u2019s largest futures-exchange operator, reported late Thursday a 59 percent growth in fourth-quarter earnings as trading volume grew internationally. The shares climbed more than 3 percent Friday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/\" \/>\n<meta property=\"og:site_name\" content=\"Medill Reports Chicago\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-07T05:26:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOT.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"523\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"yasusaito\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"yasusaito\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/\"},\"author\":{\"name\":\"yasusaito\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/#\\\/schema\\\/person\\\/a9d7694860845ff64d9b3a2f91ed9bd1\"},\"headline\":\"CME’s earnings climb as it becomes more digital, global\",\"datePublished\":\"2015-02-07T05:26:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/\"},\"wordCount\":371,\"image\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/s3.amazonaws.com\\\/medill.wordpress.offload\\\/WP%20Media%20Folder%20-%20medill-reports-chicago\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2015\\\/02\\\/CBOT.jpg\",\"articleSection\":[\"Business\",\"Winter 2015\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/\",\"url\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/\",\"name\":\"CME's earnings climb as it becomes more digital, global - Medill Reports Chicago\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/s3.amazonaws.com\\\/medill.wordpress.offload\\\/WP%20Media%20Folder%20-%20medill-reports-chicago\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2015\\\/02\\\/CBOT.jpg\",\"datePublished\":\"2015-02-07T05:26:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/#\\\/schema\\\/person\\\/a9d7694860845ff64d9b3a2f91ed9bd1\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/#primaryimage\",\"url\":\"https:\\\/\\\/s3.amazonaws.com\\\/medill.wordpress.offload\\\/WP%20Media%20Folder%20-%20medill-reports-chicago\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2015\\\/02\\\/CBOT.jpg\",\"contentUrl\":\"https:\\\/\\\/s3.amazonaws.com\\\/medill.wordpress.offload\\\/WP%20Media%20Folder%20-%20medill-reports-chicago\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2015\\\/02\\\/CBOT.jpg\",\"width\":1100,\"height\":523,\"caption\":\"Chicago Board of Trade is owned by CME Group Inc. (Ken Lund\\\/Creative Commons)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/cmes-earnings-climb-as-it-becomes-more-digital-global\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CME’s earnings climb as it becomes more digital, global\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/#website\",\"url\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/\",\"name\":\"Medill Reports Chicago\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/#\\\/schema\\\/person\\\/a9d7694860845ff64d9b3a2f91ed9bd1\",\"name\":\"yasusaito\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6d67ed1c8d337dff0fba034ffb96085da919f7148c2aae6a0b09166838f4e19e?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6d67ed1c8d337dff0fba034ffb96085da919f7148c2aae6a0b09166838f4e19e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6d67ed1c8d337dff0fba034ffb96085da919f7148c2aae6a0b09166838f4e19e?s=96&d=mm&r=g\",\"caption\":\"yasusaito\"},\"url\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/author\\\/yasusaito\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CME's earnings climb as it becomes more digital, global - Medill Reports Chicago","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/","og_locale":"en_US","og_type":"article","og_title":"CME's earnings climb as it becomes more digital, global - Medill Reports Chicago","og_description":"By Yasufumi Saito CME Group Inc., the world\u2019s largest futures-exchange operator, reported late Thursday a 59 percent growth in fourth-quarter earnings as trading volume grew internationally. The shares climbed more than 3 percent Friday.","og_url":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/","og_site_name":"Medill Reports Chicago","article_published_time":"2015-02-07T05:26:05+00:00","og_image":[{"width":1100,"height":523,"url":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOT.jpg","type":"image\/jpeg"}],"author":"yasusaito","twitter_card":"summary_large_image","twitter_misc":{"Written by":"yasusaito","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/#article","isPartOf":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/"},"author":{"name":"yasusaito","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/a9d7694860845ff64d9b3a2f91ed9bd1"},"headline":"CME’s earnings climb as it becomes more digital, global","datePublished":"2015-02-07T05:26:05+00:00","mainEntityOfPage":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/"},"wordCount":371,"image":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/#primaryimage"},"thumbnailUrl":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOT.jpg","articleSection":["Business","Winter 2015"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/","url":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/","name":"CME's earnings climb as it becomes more digital, global - Medill Reports Chicago","isPartOf":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#website"},"primaryImageOfPage":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/#primaryimage"},"image":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/#primaryimage"},"thumbnailUrl":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOT.jpg","datePublished":"2015-02-07T05:26:05+00:00","author":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/a9d7694860845ff64d9b3a2f91ed9bd1"},"breadcrumb":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/#primaryimage","url":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOT.jpg","contentUrl":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/02\/CBOT.jpg","width":1100,"height":523,"caption":"Chicago Board of Trade is owned by CME Group Inc. (Ken Lund\/Creative Commons)"},{"@type":"BreadcrumbList","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/cmes-earnings-climb-as-it-becomes-more-digital-global\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/news.medill.northwestern.edu\/chicago\/"},{"@type":"ListItem","position":2,"name":"CME’s earnings climb as it becomes more digital, global"}]},{"@type":"WebSite","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#website","url":"https:\/\/news.medill.northwestern.edu\/chicago\/","name":"Medill Reports Chicago","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/news.medill.northwestern.edu\/chicago\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/a9d7694860845ff64d9b3a2f91ed9bd1","name":"yasusaito","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6d67ed1c8d337dff0fba034ffb96085da919f7148c2aae6a0b09166838f4e19e?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6d67ed1c8d337dff0fba034ffb96085da919f7148c2aae6a0b09166838f4e19e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6d67ed1c8d337dff0fba034ffb96085da919f7148c2aae6a0b09166838f4e19e?s=96&d=mm&r=g","caption":"yasusaito"},"url":"https:\/\/news.medill.northwestern.edu\/chicago\/author\/yasusaito\/"}]}},"_links":{"self":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts\/5715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/comments?post=5715"}],"version-history":[{"count":0,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts\/5715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/media\/5718"}],"wp:attachment":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/media?parent=5715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/categories?post=5715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/tags?post=5715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}