CME (CME) Q3 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 22, 2026 astatine 9:59 AM CDT 47 min read

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Oct. 22, 2025 astatine 8:30 a.m. ET

• Chairman & Chief Executive Officer — Terrence A. Duffy

• Chief Financial Officer — Lynne R. Fitzpatrick

• Global Head of Financial & OTC Products — Derek Sammann

• Global Head of Rates & OTC Products — Michael R. Dennis

• Global Head of Exchanges — Tim McCourt

• Chief Marketing Officer — Julie Holzrichter Winkler

• Chief Executive Officer, CME Clearing — Sunil Cutinho

• Global Head of Clearing & Post-Trade Services — Suzanne Sprague

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Terrence Duffy: Thanks, Adam, and convey you each for joining america this morning. I'm going to marque a fewer little comments astir the 4th and the wide environment. Following that, Lynne volition supply an overview of our 3rd 4th results. In summation to Lynne, we person different members of our absorption squad contiguous to reply questions aft the prepared remarks. The 3rd 4th mean regular measurement of 25.3 cardinal contracts represented the 2nd highest 3rd 4th mean regular measurement successful our history, pursuing the grounds 4th a twelvemonth ago.

Customers proceed to crook to our markets to negociate their hazard exposures arsenic demonstrated by 4th and year-end unfastened involvement of 126 cardinal contracts, the highest unfastened involvement astatine the extremity of September successful the past 5 years and continuing to turn successful October. We besides acceptable records successful ample unfastened involvement holders and involvement rates, equity indices and cryptocurrencies successful September contempt a wide pullback successful volatility crossed plus classes during the quarter. Our squad remains focused connected aboriginal maturation and innovation, including the hold of our merchandise offerings. Our crypto analyzable traded a grounds 340,000 contracts per time successful the 3rd 4th and was up implicit 225% comparative to a twelvemonth ago.

This maturation was aided by the aboriginal occurrence of Solana and XRP futures, which were launched earlier this year. Other caller products with grounds measurement successful the 3rd 4th see recognition futures, 1-ounce golden futures and cultivation play options. We besides introduced trading opportunities that facilitate stronger links betwixt currency and futures markets. FX Spot+, which was launched earlier this twelvemonth and provides the benefits of futures superior efficiencies to spot marketplace participants, acceptable caller measurement records successful each period successful the 3rd quarter. BrokerTec Chicago, launched conscionable 2 weeks ago, is besides disconnected to a beardown commencement and enables participants to commercialized futures and currency products side-by-side astatine our installation present successful Chicago.