Quarterly guidance

Quarterly guidance
No quarterly guidance was given.

Annual guidance

Annual guidance
No annual guidance was given, though management stated the company remains firmly on track to deliver another record year.

Outlook

Volume momentum
Volume in the fourth quarter is surpassing last year's record fourth quarter by 17% and tracking 12% ahead of last year's record volume year-to-date.
Securities clearing
The company remains on track for the December 7 launch of CME Securities Clearing in advance of the SEC's treasury clearing mandate.
Cloud migration
The Google Cloud migration continues to progress to plan, with expectations to begin migrating markets in late 2027.
Pricing strategy
The company is moving away from annual price increases in favor of spreading pricing adjustments throughout the year when market changes and value creation occur.