Chicago Mercantile Exchange


Also found in: Dictionary, Medical, Acronyms, Encyclopedia, Wikipedia.

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.

Chicago Mercantile Exchange (CME)

A leading exchange for trading futures and options on futures in four major areas: interest rates, stock indexes, foreign currency exchange, and commodities. The CME was established in 1919 as a marketplace for agricultural futures contracts, and in 2000 became the first U.S. financial exchange to demutualize and become a shareholder-owned corporation. The exchange also operates GLOBEX, an electronic trading system for after-hour orders. Also called Merc.
References in periodicals archive ?
With this Recognised Clearing House status, the clearing house division of Chicago Mercantile Exchange Inc.
He has also served as director for numerous public corporations including, the Chicago Mercantile Exchange, Career Education Corporation, CNA Financial Corporation, Insweb Corporation, Loews Corporation, LoopNet, MacDonald Dettwiler and Sapient Corporation.
was created from the merger between the Chicago Mercantile Exchange and the Chicago Board of Trade.
As is often the case when opinions suddenly shift, the first indication of the problem came in futures on the Standard & Poor's 500-stock index at the Chicago Mercantile Exchange.
E*TRADE is expanding customer access to futures products with more than 200 products including energy, indexes, financials, currencies, metals, and commodities through the top five world-wide futures exchanges including: Chicago Mercantile Exchange (CME); Chicago Board of Trade (CBOT); New York Mercantile Exchange (NYMEX); Eurex; and Euronext.
I was shocked to see how many of the California delegation made it - on time no less - to our first daily breakfast meeting Monday, considering how much fun we had Sunday night at the party hosted for us by the Chicago Mercantile Exchange.
Penson GHCO headquarters will remain in Chicago and continue to operate through its offices in New York, London and Minneapolis as well as clear through the Chicago Board of Trade, the Chicago Mercantile Exchange, LCH Clearnet and the Minneapolis Grain Exchange.

Full browser ?