The world’s largest futures exchange: Chicago Mercantile Exchange (CME Group) CME Group (CME) (1848)

The Chicago Mercantile Exchange Group (CME Group) CME Group Inc. (NASDAQ: CME) was founded in 1848. It was originally a non-profit organization headquartered in Chicago, Illinois, USA. It has 2,700 full-time employees and is currently the world’s largest Futures exchange.

CME Group logo

Chicago Mercantile Exchange CME Group (CME):

CME Group Inc., formerly Chicago Mercantile Exchange Holdings Inc., changed its current name in July 2007, and is the holding parent company of the world’s largest futures exchange—Chicago Mercantile Exchange .

CME was originally a non-profit organization founded in 1898, and then landed on Nasdaq in 2002 and completed an IPO. In 2007, the Chicago Mercantile Exchange acquired the Chicago Board of Trade (mainly trading agricultural products, Treasury bond futures and futures options) In 2008, CME acquired the New York Mercantile Exchange (mainly trading crude oil, natural gas, fuel oil and other energy futures), and since then, it has become the world’s largest and most diversified futures exchange .

CME Group, Inc. is a securities and commodity exchange responsible for providing global customer risk management and investment-related needs. The company provides a wide range of trading commodities including interest rates, stock price indices, foreign exchange, energy, agricultural products, metals, climate, and real estate. And trading derivatives can be traded through the exchange or over the counter.

CME Group serves buyers and sellers through the CME global electronic trading platform and public outcry trading institutions located in Chicago and New York, and provides custody, linking, electronic transaction customer support through hosting services, and clearing and settlement of exchange contract transactions Services; The company also provides a wide range of market data services, including real-time quotes, delayed quotes, market reports and comprehensive historical data services.

CME Group (CME) History of Chicago Mercantile Exchange:

  • In 1848, the Chicago Board of Trade (English: Chicago Board of Trade, abbreviation: CBOT) was established and is the oldest futures and options exchange in the world;
  • In 1864, the Chicago Board of Trade listed the first standardized “exchange traded” forward contract, which was called a futures contract;
  • In 1919, the Chicago Butter and Egg Committee separated from the Chicago Board of Trade and reorganized it, allowing members to trade financial safe-haven commodities such as future trade spreads, and later changed its name to the Chicago Mercantile Exchange;
  • In October 1975, CBOT launched the first financial futures contract;
  • On October 17, 2006, CME Group announced the acquisition of US$8 billion in shares of the Chicago Mercantile Exchange and included them in CME Group;
  • On July 9, 2007, the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) merged, and the Chicago Mercantile Exchange became the largest derivative financial commodity market in history;
  • On March 17, 2008, CME Group announced the acquisition of NYMEX Holdings, Inc., the parent company of “New York Mercantile Exchange and Commodity Exchange, Inc. (COMEX)”, which was traded in 2008 Completed on August 22,
  • In 2009, Chicago Mercantile Exchange Group (CME) took a 25% stake in the Malaysian Derivatives Exchange;
  • On February 10, 2010, CME announced the purchase of 90% of the shares in Dow Jones Indexes and Dow Jones Industrial Average. Dow Jones Indexes subsequently became S&P Dow Jones Indices, of which CME owns 24.4 % Equity
  • On October 17, 2012, CME announced the acquisition of Kansas City Board of Trade (KCBoT) for USD 126 million;
  • In 2014, CME received regulatory approval to open a derivatives exchange in London.
  • Currently, the Chicago Mercantile Exchange Group has more than 50 futures and options products totaling 3,600 items and commodities, the Chicago Mercantile Exchange and three other exchanges (Chicago Mercantile Exchange, New York Mercantile Exchange, New York Mercantile Exchange) Now they are all subsidiaries of CME Group.

Chicago Mercantile Exchange CME Group (CME) investment:

Similar companies pay attention to: Intercontinental Exchange , Nasdaq Exchange , Standard & Poor’s parent company .

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