CME Group Inc. CME reported first-quarter 2016 adjusted earnings per share of a record $1.15, in line with the Zacks Consensus Estimate. The bottom line however increased 17% year over year on record average daily volumes.CME Group Inc. (CME) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompanyIncluding one-time items, net income of $1.09 per share for the quarter increased 11.2% year over year.Behind the HeadlinesCME Group’s total revenue increased 11% year over year to a record $934 million and surpassed the Zacks Consensus Estimate of $925 million. The improvement was fueled by 12.4% higher clearing and transaction fees and a 4.5% increase in market data and information services revenues.The company’s average daily volume was a record 16.9 million contracts, up 13% year over year. The company achieved quarterly records in energy, total options and electronic options. However, total average rate per contract of 75.6 cents was lower than 78.9 cents in the year-ago quarter.Total expenses increased 7.4% year over year to $360.3 million during the reported quarter. Operating income improved 13% to $573.9 million.Financial UpdateAs of Mar 31, 2016, CME Group had $1.2 billion in cash and marketable securities, lower than $1.7 billion at year-end 2015. Meanwhile, long-term debt was $2.2 billion, flat with the 2015-end level.As of Mar 31, 2016, the company had total assets worth $68.8 billion, up from $67.4 billion as of Dec 31, 2015.Dividend UpdateDuring the quarter, the company paid $1.2 billion in dividends.Zacks Rank & Other Stocks in Securities ExchangeCurrently, CME Group carries a Zacks Rank #3 (Hold). Among the other stocks in the securities exchange space, Nasdaq, Inc. NDAQ beat estimates but MarketAxess Holdings Inc. MKTX missed the same. CBOE Holdings, Inc. CBOE is scheduled to release its first-quarter results on Apr 29.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CME GROUP INC (CME): Free Stock Analysis Report NASDAQ INC (NDAQ): Free Stock Analysis Report CBOE HOLDINGS (CBOE): Free Stock Analysis Report MARKETAXESS HLD (MKTX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research