Chicago Mercantile Exchange

(redirected from The Merc)

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
I enjoyed the rally a lot." Kuwait's Meshari al-Thefiri and Qatari navigator Nasser al-Kuwari were the class of the MERC 2 field.
Oman's Zakariya al Aufi was classified in seventh and Lebanon's Henry Kahy guided his Eakoda Fabia to eighth and the MERC 3 advantage.
Attiyah's French co-driver Matthieu Baumel claimed his third win in Qatar and a career 18th in the MERC.
Packs a big 565bhp punch but more sophisticated and less extrovert than the Merc. PS142,285
The MERC held, and the Court of Appeals later affirmed, that Sweat failed to raise a genuine issue of material fact with regard to whether the DHC breached the collective bargaining agreement.
Kuwait's Meshari Al-Thefiri began the event in strong contention for both the MERC and MERC 2 titles and third overall did the Mitsubishi Lancer driver's chances no harm at all.
Nasser Al Attiyah of Qatar, nine-time MERC champion and triple Cyprus Rally winner, was first off the ramp, followed by the other eight contenders for the MERC, and then the ERC drivers, led by championship leader Kajetan Kajetanowicz who, after clocking fastest time in Friday's Qualifying Stage chose to start Saturday's opening leg running fifth on the road.
Syrian Shaban was an integral member of the successful team behind the Syrian International Rally, which ran as a candidate event for the MERC for the first time in 2000 and joined the series the following year.
until he was told that the Merc could only be won on the final day!
The speed camera flashed and the Merc cut in front of the police car and left at Nad Al Sheba 2.
Thompson told the Merc, he was fascinated at the challenge of growing the company into something big.