Shares in futures exchange operator CME group jumped 3% on Thursday after the company reported strong fourth-quarter results.
CME posted adjusted earnings per share of $1.12 for the quarter, beating market expectations of $1.09.
On an unadjusted basis, CME saw an additional big boost to its bottom line in the quarter arising from US tax reform in the form of a $2.6bn one-off gain.
However, revenue dropped to $900m from $912.9m a year earlier with average daily trading volume falling 2% to 15.9 million contracts in the fourth quarter.
On an earnings call, CME chief executive Terry Duffy described the company´s recent foray into bitcoin trading as a “slow grower.”
CME launched bitcoin futures in December with volumes averaging about 1000 bitcoins per day.
"Our primary goals in 2017 were to expand our global customer base, continue to innovate across our diverse product set and focus on operational efficiency. Looking ahead, 2018 is starting out strong, with average daily volume up more than 15% to date, driven by broad-based strength across our asset classes," said Duffy.