CME Company Description
CME Group doesn't tell futures, but it does sell them. The company owns the Chicago Mercantile Exchange, launched in 1898 as The Chicago Butter and Egg Board, and the Chicago Board of Trade (CBOT), the futures exchange that it acquired for approximately $12 billion in 2007. CME and CBOT provide a marketplace for agricultural commodities, as well as for interest rate, equity, government paper, and foreign exchange futures. Products are traded on its CME GLOBEX electronic trading system, on its floors via an open outcry system using elaborate hand signals and through privately negotiated transactions. The company bought New York rival NYMEX in 2008.
View the Comprehensive Company Description for CME
The Company Description provides a historical perspective of CME's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of CME's evolution in the marketplace.
