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. And in a closely watched annual vote, shareholders of the Chicago Mercantile Exchange parent company approved a 47 percent pay raise for Chief Executive Craig Donohue, to $7.8 million, according to a preliminary tally of votes. Shareholder advocacy group ISS urged shareholders last month to vote against the pay raise because CME's shares have lagged peers. The shares of the world's largest futures exchange operator are down 18 percent so far this year compared with a 4 percent drop in the Dow Jones Global Exchange index .DJGEX. The stock is down 8 percent this month as 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.
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 570747.
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