CME Group Inc. reported revenue for the second quarter came in at $1.3 billion, increasing 23% year-on-year. Operating income was $699 million, 5% higher versus the same period in 2018. Net income was up 10% at $566 million. Diluted earnings per share stood at $1.43 in the second quarter of 2019, down 14% compared to the year prior.
Second-quarter 2019 average daily volume (ADV) grew 14% from second-quarter 2018. Second-quarter 2019 non-US ADV was a record 5.4 million contracts, up 24% compared with second-quarter 2018.
"We delivered the second-highest quarterly average daily volume in our history, with 21 million contracts per day, driven in part by record trading volume outside the US and strong options activity, while maintaining our focus on expense control. Likewise, open interest reached an all-time record of 153 million contracts, illustrating the ongoing need for risk management. Looking ahead, we remain focused on the successful integration of the NEX businesses, which we believe will provide additional value for both clients and shareholders," CME's CEO Terry Duffy said.
