In the first quarter of 2019, CME Group reported a 17 per cent decline in earnings, WSJ writes. Although the exchange’s revenue rose, it was still considerably lower than last year. While CME reported net income of $599 million in the first quarter of 2018, this year it only earned $497 million. Similarly, share prices have also dropped—in 2018 the price was $1.76 a share, this year—$1.39 a share. Adjusted earnings also dropped from $1.86 to $1.62 a share.
Last year’s volatility helped CME generate a larger income. Since the beginning of 2019 was not as exciting, the company did not top last year’s record quarterly income.
Following last year’s acquisition of platform NEX, the income generated from clearing and transaction fees fell by 2 per cent, totalling $953 million. However, market data and information services brought in $130 million, up by almost 37 per cent.