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BUZZ-CME Group rises after record trading volumes in November

Reuters
Dec 04, 2024

** Shares of exchange operator CME Group rise as much as 1.9%, outperforming rivals; last up 1.5% at $239.11

** NYSE-parent Intercontinental Exchange falls 0.7%, while Nasdaq slips 0.9%

** CME reports record November average daily volume $(ADV)$ of 30.2 mln contracts, up 7% from year ago, driven by strong growth across all six asset classes

** Record November ADV for interest rate, foreign exchange, agricultural and metal products, CME says

** Even though the Federal Reserve has started cutting interest rates, opposing views about the size and pace of future rate cuts has provided further tailwinds for interest-rate trading

** Interest rate ADV rose 4% to record 17.5 mln contracts in November

** As of last close, CME shares up 12% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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