(Dow Jones) -- CME Group Inc. said its earnings rose 23% as trading volume picked up in the third quarter.
The company's profit exceeded expectations.
CME Group (CME), which is the largest futures exchange operator in the world in terms of contracts traded, posted a 12% increase in trading volume during the period, reflecting an average of about 13.5 million contracts a day. CME said interest rate volume rose 23% to a daily average of 7.2 million contracts.
Overall, CME Group posted earnings of $290 million, or 86 cents a share, up from $597.9 million, or 71 cents a share, ...