By Rob Curran

CME Group Inc. said first-quarter earnings rose by 24% on robust growth in trading volumes of options and other financial contracts, as the company benefited from a volatile quarter for markets.

The Chicago exchange operator said net income rose to $711 million, or $1.95 a share, from $574.4 million, or $1.60 a share, a year earlier. Excluding certain items, CME posted adjusted earnings of $2.11 a share.

Revenue rose 7.4% to $1.35 billion, the company said.

The company said average daily volume rose 19% to 25.9 million contracts, with double-digit percentage increases in equity-index, interest-rate and options products. The average rate per contract fell slightly to 64.4 cents.

Write to Rob Curran at rob.curran@wsj.com

(END) Dow Jones Newswires

April 27, 2022 07:39 ET (11:39 GMT)

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