After a solid year-on-year performance across most of its major asset classes through October, CME Group‘s trading volumes saw a dip in November, with its daily volumes coming in 14% below the year ago levels. The possibility of a rate hike in the November 2016 led to a phenomenal rise in interest rate derivative volumes, and the tough year-on-year comp led to a 21% decline in November 2017. Meanwhile, metal derivatives saw 4% growth in trading volumes. We expect further volume growth going forward with further improvement in the U.S. economy. We have a $120 price estimate for CME’s stock, which is below the current market price.

Source: Forbes December 05, 2017 15:33 UTC