Reports Q1 revenue $1.4B, consensus $1.4B. "As global market participants sought to manage risk across asset classes, we saw a flight to futures, resulting in our second-highest quarterly revenue, highest adjusted net income and highest adjusted earnings per share ever," said CEO Terry Duffy. "During the quarter, our total daily volume surpassed 25 million contracts 28 times, including a new single-day volume record of 66.3 million contracts on March 13. Of particular note was our double-digit growth in options and interest rate products, including the growth in our SOFR derivatives complex, driven by ongoing Fed policy changes and regional bank stress. Looking ahead, we expect risk management will continue to be more important than ever, and we will remain focused on meeting our clients’ needs in this volatile environment."
Published first on TheFly
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