CME Group reports lower profits, but CEO cites bright future

CME Group says its fourth-quarter net income sank to $167 million, down from $745.9 million a year earlier, and that its expenses are likely to hit $1.25 billion in 2013 as it works to restore investor confidence in the industry. CME chief executive Phupinder Gill, however, said he's optimistic because of the futurization of swaps plus rules demanding central clearing of contracts -- all of which could benefit CME.

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