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Chicago Mercantile Exchange

From Academic Kids

President George W. Bush at CME (March 6, 2001).
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President George W. Bush at CME (March 6, 2001).

The Chicago Mercantile Exchange (CME) (NYSE:CME (http://finance.yahoo.com/q?s=CME)) was founded 1898 as a not-for-profit organization. CME demutualized in November 2000, and went public in December 2002. Today, CME is the biggest futures market in the United States.

CME has four major product areas: interest rates, stock indexes, foreign exchange and commodities.

CME has the largest futures and options on futures open interest (number of contracts outstanding) of any exchange in the world, which indicates a very high liquidity, a key success factor for stock and commodity exchanges.

CME Globex®

Today the CME Globex trading system operates at the heart of CME. It was introduced in 1992 as the first global electronic trading platform for futures and derivative contracts. On 19 October 2004, the one billionth (1,000,000,000) transaction was recorded.

Full details (http://www.cme.com/trading/get/abt/) are at CME.com (http://www.cme.com/).

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