Headline: "CME Group's Profits Surge Amid Record-Breaking Trading"
CME Group reported an increase in third-quarter profit due to heightened trading volumes on its derivative exchanges. The company's total average daily volume (ADV) surged by 27% year-over-year, reaching a quarterly record of 28.3 million contracts. Clearing and transaction fees, CME's primary revenue source, rose by 19.5% to $1.30 billion in the reported quarter, while market data revenue increased by 6.3% to $178.2 million. Total revenue was recorded at $1.6 billion, a rise of 18.4%. Net profit attributable to CME Group's common shareholders grew to $901.3 million, or $2.50 per share, for the quarter ending September 30, up from $740.8 million, or $2.06 per share, in the same period the previous year. CME's shares have risen by 7.4% this year, underperforming the S&P 500 index's 22.7% increase.