July 31, 2019 / 11:20 AM / 4 months ago

CME reports lower second quarter earnings

NEW YORK, July 31 (Reuters) - CME Group, one of the world's largest exchange operators, on Wednesday reported a drop in second quarter earnings, driven in part by higher expenses as the company integrates its recent $5 billion acquisition of trading platform operator NEX.

Net income fell to $513.8 million, or $1.43 per diluted share, in the quarter ended June 30, from $566.1 million, or $1.66 per diluted share, a year earlier. (Reporting by John McCrank)

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