Chicago Mercantile Exchange
The Chicago Mercantile Exchange (abbrevated CME) was founded 1898 as a not-for-profit organization. Today, the CME is the biggest futures market in the United States and the second biggest in the world.
The CME has four major product areas: interest rates, stock indexes, foreign exchange and commodities.
The 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.
Today the GLOBEX trading system operates at the heart of the CME: introduced in 1992 it is the first global electronic trading platform for futures and derivative contracts.
External link
- Chicago Mercantile Exchange website: http://www.cme.com/
Referenced By
Chicago Flood | Financial Future | Future (finance) | Futures | Futures contract | Futures exchange | Futures market | International Monetary Market | International Money Market | Stock Exchange | Stock markets
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