Aug 1 (Reuters) - Derivatives exchange Cboe Global

Markets ( CBOE ) reported a rise in second-quarter profit on

Friday, as looming economic uncertainties fueled market turmoil

and boosted options trading.

Investors and portfolio managers rushed to hedge their

positions during the period, responding to a spike in market

volatility fueled by renewed geopolitical tensions in the Middle

East and unpredictable trade policies from U.S. President Donald

Trump. That typically leads to a surge in trading volumes,

driving up transaction and clearing fees for exchanges.

Cboe's options trading business revenue jumped 19% to $364.8

million, while Europe and Asia Pacific revenue climbed 30% to

$70 million.

The company has "achieved another quarter of record net

revenue and strong adjusted earnings growth, highlighting the

durability across our exchange ecosystem", said Chief Financial

Officer Jill Griebenow.

Average daily volume in index options hit 4.7 million

contracts during the quarter ended June 30, compared with 4

million a year earlier.

Cboe wrapped up a strong quarter for exchanges across the

country such as CME Group ( CME ), Nasdaq and

Intercontinental Exchange ( ICE ).

The company's net revenue rose 14% to a record high of

$587.3 million.

Its adjusted net income rose to $257.8 million, or $2.46 per

share, from $226.2 million, or $2.15 per share, a year earlier.