Exchange operator CME’s profit beats estimates on record trading volumes
(Reuters) – CME Group reported its second-quarter profit above Wall Street estimates on Wednesday as uncertainty in markets helped the exchange operator notch record trading volumes. Latest economic data showing signs of easing inflation has fueled hopes of a possible rate cut in the current half of the year that has helped markets reach new highs. “As escalating uncertainties drove an increased need for risk management across all asset classes, CME Group achieved record Q2 … Read more…