Competitive AdvantageConcerns about the competitive landscape and the impact of Federal Reserve rate cuts are fading, providing upside opportunity for CME's valuation multiple.
Market PositionCME is well positioned to benefit from any pickup in volatility given its asset diversity and depth of liquidity on the platform.
Volume GrowthCME saw record quarterly ADV of 30.2M contracts led by growth across all assets classes, with record volumes in rates, ags, and metals.