By Robert Barba

CME Group (CME) reported its second quarter net income increased 36% as higher trading volume and transaction fees pushed revenue higher.

The Chicago-based derivatives marketplace reported net income of $566 million, or $1.66 a share, compared to $416 million, or $1.22 a share, a year earlier. On an adjusted basis, the company's earnings were $591 million, or $1.74 a share. Earnings came in a penny below expectations, while adjusted earnings were two cents higher than expectations, according to analysts polled by FactSet.

Revenue was $1.06 billion, up 15% from a year earlier, as average daily trading volume ticked up 12% and clearing and transaction fees increased 14%.

Expenses were $393 million, up 23%.

Shares of CME were flat in premarket trading and are up 16.07% for the year.

Write to Robert Barba at robert.barba@wsj.com

(END) Dow Jones Newswires

July 26, 2018 08:13 ET (12:13 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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