CME Group Seeks to Diversify Beyond Interest Rates and Equity Futures
Wide-moat CME Group had an exceptional 2018 that surpassed even our optimistic expectations. For the year, excluding $134 million in revenue from the newly acquired NEX Group, CME generated top-line growth of 14.6% for the year, surpassing our expectation for 12% to 13% growth. Altogether, CME Group had a fantastic quarter fueled by increasing volatility resulting in higher trading volumes. Specifically, interest rates and equity index trading volumes grew a whopping 37% and 71% from last year’s...CME Group is a holding company. Through its subsidiaries, the company exchanges provides a range of global benchmark products across asset classes based on interest rates, equity indexes, foreign exchange (FX), agricultural, energy and metal commodities. The company provides futures and options on futures trading across asset classes through its subsidiary, Chicago Mercantile Exchange Inc. (CME) Globex platform, cash and repo fixed income trading via BrokerTec, and cash and OTC FX trading via EBS. In addition, the company operates central counterparty clearing providers, CME Clearing, a division of CME. The company also provides optimization, reconciliation and processing services through TriOptima, Traiana and Reset.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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