CME Group
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| Public | |
| Traded as | NASDAQ: CME S&P 500 Component |
| Industry | Security & commodity exchanges |
| Headquarters | Chicago, Illinois, US |
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Key people
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Terrence A. Duffy (Executive Chairman & President) Phupinder Gill (CEO) |
| Revenue | |
| Total assets | |
| Total equity | |
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Number of employees
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2300 (12/31/2008) |
| Subsidiaries | Kansas City Board of Trade, Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, S&P Dow Jones Indices (24.4% ownership), COMEX |
| Website | cmegroup |
US$ 2,936.3 million (2013) 
CME Group Inc. (Chicago Mercantile Exchange & Chicago Board of Trade) is an American futures company and one of the largest options and futures exchanges. It owns and operates large derivatives and futures exchanges in Chicago and New York City, as well as online trading platforms. In 2014, it gained regulatory approval to open a derivatives exchange in London.[4] It also owns the Dow Jones stock and financial indexes, and CME Clearing Services, which provides settlement and clearing of exchange trades. The exchange-traded derivative contracts include futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, rare and precious metals, weather, and real estate.[5] It has been described by The Economist as "The biggest financial exchange you have never heard of."[6]
The corporate world headquarters are in Chicago in The Loop. The corporation was formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT). On March 17, 2008, CME Group announced it had acquired NYMEX Holdings, Inc., the parent company of the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX). The acquisition was formally completed on August 22, 2008.[7] The four exchanges now operate as designated contract markets (DCM) of the CME Group.[8]
On February 10, 2010, CME announced its purchase of 90% of Dow Jones Indexes, including the Dow Jones Industrial Average.[9] Dow Jones Indexes subsequently became S&P Dow Jones Indices, in which CME has a 24.4% ownership interest.[10]
On October 17, 2012, CME announced it was acquiring the Kansas City Board of Trade for $126 Million in cash. KCBOT is the dominant venue for the sale of hard red winter wheat. The Chicago Board of Trade is the leading trade platform for soft red winter wheat.[11]
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See also
- OneChicago
- CME Group Titleholders, the season-ending tournament of the LPGA Tour of women's golf, sponsored by CME Group
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 2.0 2.1 2.2 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ http://www.fow.com/3348130/CME-looks-to-the-futures-in-Europe.html
- ↑ CME Group Volume Averaged 12.2 Million Contracts per Day in 2010, up 19 Percent; Double-Digit ADV Growth for Fourth Quarter and December - Jan 4, 2011. Cmegroup.mediaroom.com. Retrieved on 2013-07-21.
- ↑ CME Group: The futures of capitalism
- ↑ CME Group Inc. Completes Acquisition of NYMEX Holdings, Inc., Expands Its Diversified Product Offerings to Include Energy and Metals and Also Announces Preliminary Election Results, 2008-08-22
- ↑ Futures & Options Trading for Risk Management. CME Group (2013-03-27). Retrieved on 2013-07-21.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ [1][dead link]
External links
- Articles with dead external links from July 2013
- Pages using infobox company with unsupported parameters
- Financial services companies of the United States
- Derivatives (finance)
- Futures exchanges
- Companies listed on NASDAQ
- Companies formerly listed on the New York Stock Exchange
- Companies based in Chicago, Illinois
- Chicago Board of Trade
