Chicago Mercantile Exchange

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The Chicago Mercantile Exchange ( CME ) is one of the largest exchanges in the world and one of the oldest such institutions in the world. Its headquarters are in Chicago . The exchange is operated by the Chicago Mercantile Exchange of the same name, which is listed in the S&P 500 and has been part of the CME Group since the merger with the CBOT .

backgrounds

At the CME primarily futures and options on commodities as diverse as e. B. copper , wool , sugar , pork bellies , cattle , stock indices , tin , aluminum and wood are traded. In September 1999, the CME also offered weather futures and options on weather futures for the first time , making it one of the pioneers in this stock market segment . The CME has the highest volume of outstanding contracts in the world, which is an indication of its high liquidity .

The CME was not only a pioneer when it came to weather derivatives. In 1992, CME introduced the CME Globex® Trading System, a software that is considered the world's first electronic trading platform. This platform allowed participation in trading without traders actually being on the floor. In December 2002, CME itself became a publicly traded company, making it the first US stock exchange to do so.

history

The CME was founded in 1898 as the Chicago Butter and Egg Board , where only contracts on eggs and butter were traded. It was an offshoot of the Chicago Board of Trade. The forerunners of this exchange can even be traced back to 1800. Trading in a far larger range of goods developed very quickly, so in 1919 the exchange was renamed the Chicago Mercantile Exchange .

Web links

Coordinates: 41 ° 52 '52.6 "  N , 87 ° 38' 15.2"  W.