CME Group profit rises as market volatility drives hedging demand
April 22 (Reuters) - CME Group CME.O reported a rise in first-quarter profit on Wednesday, as heightened market volatility drove investors to the derivatives exchange to hedge their positions against economic uncertainty.
Adjusted profit attributable to the common shareholders of the company came in at $1.22 billion, or $3.36 per share, for the three months ended March 31, compared with $1 billion, or $2.80 per share, in the year-ago period.
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