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Chicago Mercantile Exchange Group is an American financial and commodity markets company. Founded in 1898, it is currently the worlds largest futures and derivatives exchange. It offers trading in a wide range of products, including equity indices, interest rate products, agricultural commodities, energy products, exchange-traded funds (ETFs), foreign exchange products, and the worlds most liquid contracts for individual equities.
The exchange is owned and operated by CME Group Inc. CME Group Inc. is a global financial services industry leader in data and analytics, functioning as a futures exchange and is headquartered in Chicago, Illinois. According to the company, it is composed of four designated contract markets (DCMs) and four derivatives clearing organizations (DCOs). In addition, it is the worlds largest open interest exchange and provides a marketplace where participants can buy, sell, and trade futures contracts and options.
CME Group Inc. also offers a range of other services, including news, research, education, and customer service, as well as financial derivatives, risk management, and margin optimization services. CME Group is a publicly traded company and is a member of the NEX Group plc. It is also a constituent of the S&P 500 stock market index.
The Chicago Mercantile Exchange has a rich and varied history, going all the way back to the origins of the former Chicago Mercantile Exchange in 1898, which was formed to facilitate trading in dried bean products, as well as hog and sheep pelts. In 2000, financial products, such as foreign currencies, stock indices, and interest rate products were introduced to the exchange. The CME Group was formed in 2007, when the Chicago Mercantile Exchange merged with the Chicago Board of Trade, creating the largest derivatives exchange in the world.
Since then, the exchange has grown steadily through strategic acquisitions, including the acquisition of the New York Mercantile Exchange in 2008 and the merger with the International Securities Exchange in 2008, as well as its entry into the foreign exchange market in 2010.
Today, CME Group boasts one of the worlds deepest pools of liquidity and offers trading in more than 100 products, including interest rates, commodities, foreign exchanges, equity indices, and ETFs, making it the worlds most liquid global marketplace for derivatives. CME Group also offers access to contracts for several agricultural and energy products, including grains, oil, and natural gas futures contracts.
The exchange is committed to providing efficient and regulated trading, with a focus on providing transparency, customer protection, and integrated flow of information. It also provides an array of services, such as market data, customer service, research, and education.
CME Group is a global leader in providing risk management, margin optimization, and customer service, in addition to being a premier derivatives and futures exchange. With a history of success and a bright future, CME Group remains a leader in offering customers a global trading platform.
