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This stock thrives on global chaos: Trader

"Behind the Trade"

The current global financial landscape appears to be one that is dead set on bucking convention as commodity prices have rebounded, while stocks and bonds continue to gain in a post-Brexit, negative interest world.

Within the chaos, and as a result of high volume, one name has benefited greatly: CME Group.

"CME trades around 22 times forward earnings," said CNBC "Fast Money " trader Guy Adami. "That may appear a bit rich, but given they are virtually the only game in town, it tempers that valuation a bit."

The CME is the world's largest derivatives exchange, and everything from interest rate swaps to Nasdaq futures to crude and gold are traded there. The exchange benefits in times of volatility as traders look to move in and out of those products more frequently.

In a special "Behind the Trade" breakout session, Adami noted that the CME reported an average daily July volume of 14.1 million contracts, which represents a 10 percent year-over-year increase.

"That comes after the month of June, when volume was up 13 percent year over year and in the wake of a solid second quarter reported on July 28," said the director at the Private Advisor Group.

Adami said that the CME has enjoyed a bull run over the past five years, rising 120 percent to its current price of $104 per share, but despite the great run, he feels the best days for the stock could be around the corner.

"It is still some 25 percent off the all-time high made in the winter of 2007," said Adami. "I still think the best is yet to come."