CME Group

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CME Group Inc.

logo
legal form Incorporated
ISIN US12572Q1058
founding July 12, 2007
Seat Chicago , United StatesUnited StatesUnited States 
management Terrence A. Duffy (Chairman)
Phupinder Gil (CEO)
Number of employees 2600 (2012)
sales $ 2.914 billion (2012)
Branch Banks and stock exchanges
Website www.cmegroup.com
As of May 22, 2013

Chicago Mercantile Exchange
The building of the Board of Trade

The US-based CME Group is one of the largest options exchanges and the largest futures exchange in the world, based in Chicago in the state of Illinois , which on 12 July 2007 from the merger of the stock exchanges Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (CME ) originated. The previously larger competitor EUREX was relegated to second place.

The CME Group employs 2570 people in its company, who work at nine locations. With the exception of two locations owned by the CME Group, some of these are leased until 2069. They currently process around 12.3 million contracts per day.

The share capital is divided into class A shares and class B shares. The Class A shares are traded on NASDAQ under the symbol CME . Class B shares cannot be freely traded; these are tied to membership in one of the exchanges operated by the CME Group. There are currently 1750 holders of class B shares.

history

Since October 2006 the Chicago Mercantile Exchange has been negotiating with the Chicago Board of Trade about a merger of the two futures and options exchanges. At the beginning of the negotiations, the CME for CBOT offered eight billion dollars . With a bid by the Intercontinental Exchange in March 2007 for ten billion US dollars, the CME improved its bid for CBOT in three steps to 11.3 billion US dollars.

NYMEX Holdings Inc.

The takeover of NYMEX Holdings Inc. , the world's largest energy futures exchange, completed on August 22, 2008 , threatened to fail at the last minute due to opposition from members of NYMEX Holding. At the end of the negotiations, the CME Group offered 36 US dollars and 0.1323 of its own shares for each share in NYMEX Holdings Inc., based on the share price of 76.67 US dollars in NYMEX Holdings Inc. The acquisition price was thus 8.3 billion US dollars. In the decisive vote, 650 of the 816 members voted for the takeover by the CME Group, which resulted in the required 75% approval for the takeover. For the Class A shares , CME Group offered $ 750,000. At the start of the acquisition negotiations in January 2008, NYMEX Holdings Inc.'s share price was $ 119.22, which would have resulted in an acquisition price of around $ 11 billion.

Credit Market Analysis Ltd.

In 2008, CME took over Credit Market Analysis Ltd. (CMA Datavision) , a service provider that provides data in over-the-counter trading .

Dow Jones Indexes

At the beginning of 2010, Dow Jones & Company and the CME Group announced that the CME Group would acquire 90% of the shares in Dow Jones Indexes . The CME Group also pays Dow Jones & Company $ 607.5 million. Part of the takeover is the transfer of the CME Group's holdings in the field of market data services to the new company. The merger took place on March 18, 2010.

Standard & Poor's

As part of the realignment of the McGraw-Hill company, McGraw-Hill is negotiating with the CME Group about a joint venture of the S&P Indices and Dow Jones Indexes. McGraw-Hill would hold approx. 75% and CME Group approx. 25% of the joint venture. The previous minority owner Dow Jones & Company would remain in the single-digit percentage range.

Tokyo Commodity Exchange

In order to offer futures on precious metals and oil in Asia , the Tokyo Commodity Exchange (TOCOM) is aiming for the CME Group to hold a 20% stake in TOCOM. The first reports came from Reuters in early March 2012 .

Holdings

Web links

Commons : CME Group  - collection of images, videos and audio files

Individual evidence

  1. ↑ a b CME Group (Ed.): FORM 10-K . Employees. February 8, 2013, p. 14 ( HTML [accessed August 17, 2013]).
  2. ↑ CME Group (Ed.): FORM 10-K . Selected financial data. February 8, 2013, p. 33 ( HTML [accessed August 17, 2013]).
  3. ^ Financial Times Deutschland (Ed.): Meeting point for metal dealers . August 16, 2008 ( HTML [accessed April 6, 2012]).
  4. ↑ a b Heike Buchter and Jennifer Lachman: CBoT and CME merge to form a futures exchange giant . Ed .: Financial Times Deutschland. July 10, 2007 ( HTML [accessed April 6, 2012]).
  5. ↑ CME Group (Ed.): FORM 10-K . Properties. February 16, 2011 ( HTML [accessed April 6, 2012]).
  6. ↑ CME Group (Ed.): CME Group Volume Averaged 12.3 Million Contracts per Day in First-Quarter 2012, Up 5 Percent from Fourth-Quarter 2011, and 12.5 Million Contracts per Day in March . April 3, 2012 ( HTML [accessed April 6, 2012]).
  7. ↑ CME Group (Ed.): FORM 10-K . Market for registrant's common equity, related stockholder matters and issuer purchases of equity securitties. February 16, 2011 ( HTML [accessed April 6, 2012]).
  8. ↑ Dwight Cass and Cyrus Sanati: The Lucky Number Eleven . Ed .: Wirtschaftswoche . January 29, 2008 ( HTML [accessed April 6, 2012]).
  9. ↑ Zachery Kouwe: NYMEX SEAT HOLDERS: Taxed OVER MERGER . Ed .: New York Post . August 14, 2008 ( HTML [accessed April 6, 2012]).
  10. ↑ Bloomberg News : Nymex Shareholders Approve $ 8.3 Billion Takeover by CME . Ed .: The New York Times . August 18, 2008 ( HTML [accessed April 6, 2012]).
  11. ↑ Michael J. de la Merced: Commodities Markets in New York and Chicago Discuss Merger . Ed .: The New York Times. January 29, 2008 ( HTML [accessed April 6, 2012]).
  12. ↑ a b Bloomberg: Murdoch sells Dow Jones' index business . Ed .: Wirtschaftswoche. February 2, 2010 ( HTML [accessed April 6, 2012]).
  13. ↑ a b Dow Jones Germany (ed.): US stock exchange operator CME takes over 90% of the index business from Dow Jones . February 11, 2010 ( HTML ( February 15, 2010 memento in the Internet Archive ) [accessed March 25, 2012]). US stock exchange operator CME takes over 90% of the index business from Dow Jones ( Memento of the original from February 15, 2010 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.dowjones.de
  14. ^ The New York Times (Ed.): CME to Buy Control of Dow Jones Index Unit . February 10, 2010 ( HTML [accessed April 5, 2012]).
  15. ↑ Michael J. de la Merced: Owners Of S. & P. And Dow May Unite . Ed .: The New York Times. September 30, 2011 ( HTML [accessed April 6, 2012]).
  16. ↑ BullionStreet (Ed.): Tocom hopes CME tie-up to boost gold trade . March 8, 2012 ( HTML [accessed March 25, 2012]). HTML ( Memento of the original from March 9, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.bullionstreet.com
  17. ^ Forbes Magazine (Ed.): CME Group in Courtship with Tokyo Commodity Exchange . March 13, 2012 ( HTM [accessed March 25, 2012]).
  18. ↑ Reuters (ed.): Japan's TOCOM to seek capital, business tie-up with CME-report . March 7, 2012 ( HTML [accessed March 25, 2012]).
  19. ^ Frank Bremser: Tax tricks bring Royal Bank of Canada lawsuit in the USA . Ed .: Financial Times Deutschland. April 3, 2012 ( HTML [accessed April 6, 2012]). HTML ( Memento of the original from April 4, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.ftd.de