Chicago Mercantile Exchange


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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 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. "It's critical that our trading platform deliver top-notch performance and availability for our customers worldwide, and we rely on MCI's Ethernet Services to retain a competitive edge."
Four days after the crash, the Chicago Mercantile Exchange imposed trading regulations on futures contracts--the very thing Brodsky had told Congress was not necessary, an assertion that, unfortunately, no subcommittee member was effectively able to challenge.
Early in his career, he was at the Chicago Mercantile Exchange.
The companies announced the CME (Chicago Mercantile Exchange) Tick-To-Trade Solution and Xilinx MPSoC-based Generic Risk Check Framework, both providing nanosecond latency to traders integrating the products into their environments.
His distinguished career included working as Pres/CEO of the Chicago Mercantile Exchange from 1978 until June 1985, U.S.
It said that Deutsche Boerse and the Chicago Mercantile Exchange attempted to break into the credit derivatives business between 2006 and 2009, but when they tried to obtain the necessary licences they were offered only "over-thecounter" trading rather than exchange trading.
CME takes bellies off the floor: The Chicago Mercantile Exchange shut down its frozen pork belly futures market July 15, citing a long-term lack of interest in the contract as the reason.
The Chicago Mercantile Exchange, which owns Nymex, and the IntercontinentalExchange (Ice) are both consulting the market about a switch in the specification of their near identical gasoil and heating oil contracts to low-sulphur diesel, industry sources with knowledge of the talks say.
Users based in the US and Europe can access multiple futures exchanges across regions, including the Chicago Mercantile Exchange, IntercontinentalExchange, Eurex and NYSE Liffe.
Minister Traikov will meet representatives of the Illinois Department of Trade, the Federal Bank, the Chicagoland Chamber of Commerce, the Chicago Mercantile Exchange.
Euro FX futures are listed with, and subject to the rules and regulations of, Chicago Mercantile Exchange Inc.
Both CBOT and the Chicago Mercantile Exchange (CME) are wholly owned subsidiaries of CME Group.

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