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CME Group 3Q net income up 9 pct

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November 4, 2013 11:43 AM EST | AP

NEW YORK (AP) — NEWS: CME Group, the parent company of the Chicago Board of Trade and other exchanges, said Monday its third-quarter net income rose 9 percent, helped by an increase in clearing and transaction fees.

DETAILS: CNE said its average daily volume rose 11 percent to 12 million contracts, mainly as a result of steep increases in its interest rate and metal complexes, along with 31 percent growth in its options products. In addition, electronic trades outside of the U.S. increased 16 percent.

NUMBERS: CME earned $236.7 million, or 71 cents per share, up from $218 million, or 66 cents per share, in the same quarter of 2012. Excluding one-time items, the company adjusted profit was 75 cents per share for the recent quarter.

Revenue rose 5 percent to $714.6 million from $683.2 million.

Analysts, on average, expected a profit of 73 cents per share on $711.4 million in revenue, according to FactSet.

STOCK: Down $1.06, to $73.64 in morning trading.