CMENASDAQ: CME

Extended sponsorship through 2027 comes as LPGA concludes record-setting 2024 season 2024 CME Group Tour Championship winner to receive record $4 million prize NAPLES, Fla. , Nov. 20, 2024 /PRNewswire/ -- The Ladies Professional Golf Association (LPGA) and CME Group, the world's leading derivatives marketplace, today announced an extension of the CME Group Tour Championship and the season-long Race to the CME Globe through 2027.

CME Group, a top derivatives marketplace, revealed plans to introduce Mortgage Rate futures in January 2025, subject to regulatory approval. This new offering will provide market participants with an effective tool to manage risks related to mortgage pipelines, servicing rights, and securities. Agha Mirza, the Global Head of Rates and OTC Products at CME Group, emphasized the significance of this development.

CME Group has announced that Lynne Fitzpatrick will become the new President and Chief Financial Officer, while Chief Operating Officer Julie Holzrichter will step down to take on an advisory position. Additionally, Suzanne Sprague will replace Holzrichter. The company's Board has also decided to extend Terry Duffy's contract as Chairman and CEO until December 31, 2026.

CME Group announced its market statistics for October 2024, showing an average daily volume (ADV) of 24.3 million contracts, making it the second-highest volume recorded for October. This month also saw all-time highs in ADV for U.S. Treasury options and energy options. For more detailed statistics, you can visit their website.

On October 29, 2024, CME Group, a top derivatives marketplace, announced that it has been granted approval by the National Futures Association (NFA) to create a futures commission merchant (FCM). Terry Duffy, the Chairman and CEO of CME Group, expressed his satisfaction with the NFA's decision on their FCM application.

On October 29, 2024, CME Group, the top derivatives marketplace globally, announced the launch of its new Spodumene CIF China (Fastmarkets) futures, which are now open for trading. On the first day, 29 contracts were traded, with several companies participating, including JA Commodities (Zhejiang) Ltd, Mitsubishi Corporation RTM International Pte Ltd, Wogen Resources Limited, and Wooray Commodities Pte Ltd.

CME's results for the third quarter show that trading volumes reached new highs. The average daily volume rose by 20% in commodities and 28% in financial markets across its six asset classes.

While the revenue and earnings per share (EPS) for CME (CME) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

CME Group (CME) reported quarterly earnings of $2.68 per share, which is higher than the Zacks Consensus Estimate of $2.65 per share. This is an increase compared to earnings of $2.25 per share from the same period last year.