Executives at CME Group Inc (CME.O) on Wednesday blamed uncertainty over regulatory changes for hampering the exchange operator's shares, adding it would look to global partnerships -- not acquisitions -- for growth. Shares of CME, the world's largest futures exchange operator, are down 18 percent so far this year versus a 4 percent drop in the Dow Jones Global Exchange index.DJGEX. The company's shares have dropped 8 percent so far this month as government data showed the U.S. economic recovery stumbled -- making an interest rate rise less likely and hurting the outlook for CME's treasury and eurodollar trading. "Our stock has underperformed the overall market. Like the rest of you I am very frustrated about this," Executive Chairman Terry Duffy told investors at an annual meeting.
CME Group Inc. offers access to all asset classes for futures products from a single electronic trading platform, and on trading floors in Chicago and New York City. Shares of CME fell by 1.41% or $-3.74/share to $262.24. In the past year, the shares have traded as low as $234.50 and as high as $328.00. On average, 474311 shares of CME exchange hands on a given day and today's volume is recorded at 570647.
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