CME Group said its second-quarter profit and revenue declined, missing analysts' expectations, as the exchange operator was pressured by low volatility in the markets.

CME-the world's biggest futures exchange operator in terms of contracts traded-posted a 12% decrease in trading volume to an average of 12.6 million contracts a day. Interest rate volume, meanwhile, fell 2.3% to a daily average of 6.7 million contracts.

CME profit falls as trading volume declines

Results miss analyst estimates amid a 12% drop in volume

Michael Calia, The Wall Street Journal

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CME Group’s second-quarter earnings and revenue rose sharply as the derivatives-exchange operator benefited from a surge in trading activity due to market volatility.

CME Earnings Surge on Volatility, Increased Trading

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