July 23 (Reuters) - Derivatives exchange CME Group ( CME )

reported a higher second-quarter profit on Wednesday, as

record volatility boosted demand for its products, which are

often used to hedge against macroeconomic uncertainty.

Profit attributable to CME shareholders was $1.01 billion,

or $2.81 per share, for the three months ended June 30, compared

with $872 million, or $2.42 per share, reported last year.