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Chicago Mercantile Exchange

The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc," or "the Merc") is an American financial and commodity derivative exchange based in Chicago. The CME was founded in 1898 as the Chicago Butter and Egg Board. Originally, the exchange was a non-profit organization. The exchange demutualized in November 2000, went public in December 2002, and it merged with the Chicago Board of Trade in July 2007 to become a designated contract market of the CME Group Inc.

CME trades several types of financial instruments: interest rates, equities, currencies, and commodities. It also offers trading in alternative investments such as weather and real estate derivatives.

CME has the largest options and futures contracts open interest (number of contracts outstanding) of any futures exchange in the world.

(Source: Wikipedia.org)

 

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