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CME profits climb on busier markets and cost cuts

CME Group logged double-digit profit growth in its second quarter amid busier energy and equity markets and ongoing expense reductions.

Chicago Mercantile Exchange centre
Chicago Mercantile Exchange centre

CME Group logged double-digit profit growth in its second quarter amid busier energy and equity markets and ongoing expense reductions.

The Chicago-based futures market - the world's biggest - generates most of its revenues from transaction fees, which rise and fall with trading volume. Like other exchange operators, including CBOE Holdings and Intercontinental Exchange, CME saw record trading volume in 2015.

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