CME Group witnessed an increase in interest rate futures trading as its second quarterly profit rose by 8.5%, The Wall Street Journal reports. The increase follows the introduction of expected regulations that will bring higher capital requirements for banks and evolving accounting standards, making the swaps market like futures, said CME CEO Craig Donohue.
CME’s profit increased to $293.7 million, 8.5% above year-earlier levels. The group’s quarterly revenues increased 3% to $838.3 million, as traders’ hedged risk with CME’s Treasury and Eurodollar futures contracts.
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