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CME Group profits fall 12%

The US exchange group reports profits of $235.8m for the first quarter, down from $266.6m a year ago on declining trading fees

CME Group's first-quarter earnings fell 12%, hurt by a decline in trading fees.

The parent company of the Chicago Mercantile Exchange said a daily average of 12.5 million contracts traded across its platforms in the first quarter, up 1% from a year earlier. The average rate per contract was down, however, falling 3% from a year earlier to roughly 79 cents.

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