| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,783,146,797 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Chicago Mercantile Exchange |
Also found in: Medical, Acronyms, Wikipedia | 0.01 sec. |
|
Chicago Mercantile Exchange (CME) Chicago Mercantile Exchange (CME) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. Founded in 1898 as a not-for-profit corporation, in November 2000 CME became the first U.S. financial exchange to demutualize and become a shareholder-owned corporation. Its futures and options on futures trade on CME's trading floors, on its GLOBEX electronic trading platform and through privately negotiated transactions. CME has four major product areas based on interest rates (including Eurodollar futures, the world's most actively traded futures contract), stock indexes (such as the (S&P 500 and Nasdaq-100 futures), foreign exchange and commodities.
Chicago Mercantile Exchange The largest options and futures exchange in the world. Founded as a non-profit at the end of the nineteenth century, it demutualized in 2000 and went public in 2002. Approximately 70% of its business takes place electronically on CME Globex, the oldest electronic futures exchange in the world with well over one billion transactions since its introduction in 1992. In October 2008, in light of the credit crunch, the CME allied with the Citadel Investment Group LLC to create a transparent electronic trading platform for default credit swaps. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
for both blocks and barrels yesterday, more than a 5% jump, on the Chicago Mercantile Exchange (CME). Chicago Mercantile Exchange (Merc) officials last week announced the $8 billion purchase of the Chicago Board of Trade (CBOT). With more and more trades being conducted electronically around the world, every millisecond counts," said John Hart, director of Network Infrastructure for the Chicago Mercantile Exchange. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|