BNET Industries
Market Cap:$22.0B
Last Fiscal Year Sales:$2.5B
- Public
- US
Dow Jones Description
We are the largest futures exchange in the United States for the trading of futures contracts and options on futures contracts, often called derivatives, as measured by 2004 annual trading volume. In 2004, our customers, which include our members, traded futures contracts and options on futures contracts with an underlying value of $463 trillion, making us the world?s largest exchange by this measure. We also have the largest futures and options on futures open interest of any exchange in the world. As of December 31, 2004, our open interest record was 28.5 million contracts set on December 9, 2004. Open interest is the number of outstanding contracts at the close of the trading day at the exchange and is a leading indicator of liquidity. Liquidity of markets, or the ability of a market to quickly and efficiently absorb the execution of large purchases or sales, is a key to attracting customers and contributing to a market?s success. Futures and options on futures provide a way to protect against ? and potentially profit from ? price changes in financial instruments and physical commodities. Futures contracts are legally binding agreements to buy or sell something in the future, such as livestock or foreign currency. The buyer and seller of a futures contract agree on a price today for a product to be delivered and paid for in the future. Each contract specifies the quantity of the item and the time of delivery or payment.
Member
David P. LancasterNumber of Employees 2,300
Peer Companies
NAICS Code Legislative Bodies: 921120
Recent Events
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CME Group Inc. Announces Date of Fourth-Quarter and Full-Year 2009 Earnings Release, Conference Call
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Morgan Stanley Analysts Initiates Coverage Of CME Group With UW Rating CME
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CME Group Launches Credit Default Swaps Initiative; Begins Clearing Trades
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ICE launches CDS Clearing for Buyside
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CME Group Appoints Otto E. Nageli as Chairman Designate, CME Clearing Europe
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CME Group Appoints Otto E. Nageli as Chairman Designate, CME Clearing Europe
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CME, Banks to Launch Derivatives Exchange
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CME to Launch Mars Contracts
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CME to launch Mars crude contracts in December
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CME Group Inc. Declares Quarterly Dividend
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Venezuela Oil Min: Reviewing Move Away From WTI Oil Pricing
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NYSE Euronext sells stake in derivatives platform
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CME Group Announces the Launch of ASCI OTC Futures
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Cost cuts, tax break boost CME
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CME to Launch Snowfall Contracts
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BRIEF-CME launches new NYISO Zone F electricity swaps
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CME Group Announces the Launch of New NYISO Zone F Electricity Swaps
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CME Group Names Sammann MD Financial Products, Services
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CME Group makes three senior leadership appointments to Legal & Regulatory Team
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Ex-CFTC Boss Lukken: US Futures Market Needs More Competition
News & Analysis
Filter by
chairman and chicago board of trade and chicago mercantile exchange inc. - All News and Analysis
CEO of single-stock futures exchange OneChicago to step down.
By Mark Skertic, Chicago Tribune Knight Ridder/Tribune Business News Oct. 8--After two years of enticing investors to put their money into a hybrid product, OneChicago Chairman and Chief Executive William J. Rainer announced Thursday that he is leaving the nation's only ...
Chairman Greenspans support of derivatives applauded by Chicago Mercantile Exchange and the Chicago Board of Trade.
M2 PRESSWIRE-13 March 2003-CME: Chairman Greenspans support of derivatives applauded by Chicago Mercantile Exchange and the Chicago Board of TradeC1994-2003 M2 COMMUNICATIONS LTD RDATE:03122003 CHICAGO and BOCA RATON, Fla. -- From the 28^th Annual International Futures Industry Conference in Boca Raton,...
CBOT chairman 'dubious' on IPO.
The Chicago Board of Trade has no immediate plans to seek a stock market listing despite moves last week by its biggest rival, the Chicago Mercantile Exchange, to make an initial public offering of its shares this year.Nick Neubauer, CBOT chairman, said while the exchange would ...
Chicago Observer: An idea whose time is past due: CBT-Merc merger chatter afoot.
Rumors revived last week about a potential deal-merger or otherwise-between the Chicago Board of Trade and the Chicago Mercantile Exchange. New CBT Chairman Nickolas J. Neubauer has been making the rounds, meeting with his exchange-industry counterparts. ``At the Board of Trade, we are always...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| David P. Lancaster | Member |
| Michael Smith | Member |
| Gary Weber | Trader |
| Peter Borish | Senior Managing Director of Business Development |
| Craig Donohue | Chief Executive Officer |
| Phupinder Gill | President & COO |
| James E. Parisi | Managing Director & CFO |
| John Roberts | Managing Director & Chief Marketing Officer |
| Nancy Goble | Managing Director & Chief Accounting Officer |
| Scott L. Johnston | Managing Director & CIO |
| Colleen Lazar | Executive Director |
| Arman Falsafi | Managing Director, Europe & Asia |
| Beth Keeve | Managing Director, Org Development |
| James R. Krause | Managing Director, Operations & Enterprise Computing |
| John W. Labuszewski | Managing Director |
| Kathleen Cronin | Managing Director, General Counsel & Secretary |
| Kimberly Taylor | Managing Director |
| Maz Chadid | Managing Director, Trading Operations |
| Richard Redding | Managing Director, Prods & Services |
| Robin S. Ross | Managing Director, Interest Rate Prods |
| Scott Robinson | Managing Director, Corp Development |
| Andrew Greta | Director, Business Development |
| Beth Hausoul | Assoc Director, Shareholder Relations |
| Brett Vietmeier | Director, Product |
| Carl Stumpf | Director, Technology |
| Danielle Dycus | Director, Marketing |
| David Lerman | Assoc Director, Equity Products |
| Elizabeth C. Gisch | Director, GLOBEX Accounting Management |
| Heather R. Munoz | Director, Enterprise Technology Production Monitoring |
| James M. Sherman | Dir, Direct Marketing |
| James Pribel | Treasurer & Director |
| Jeffrey H. Rotter | Director |
| Jeffrey P. Kilinski | Director, Interest Rate Product |
| John F. Curran | Director, Interest Rate Prods |
| John Peschier | Director, Investor Relations |
| John W. Pietrowicz | Director, Corp Finance |
| Lynn Lipsig | Director, Marketing |
| Michael Crawshaw | Director, HR |
| Michael J. Kobida | Director, Finance Management, Clearing House |
| Nicholas Reynoldson | Marketing Director |
| Nicholas T.M. Bolton | Director |
| Raymond J. McKenzie | Director, Foreign Exchange Prods |
| Wayne Bearden | Director, Critical Data Centers & Facilities |
| Deborah V. Bell | Manager, Marketing & Communications |
| Kristin Wood | Manager |
| William H Plummer | Broker |
| Gerry Corcoran | Member |
| Terry Duffy | Member |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Andrew D. McLean | Board Member |
| Alex J. Pollock | Board of Directors |
| Bruce F. Johnson | Board of Directors |
| Daniel R. Glickman | Board of Directors |
| David J. Wescott | Board of Directors |
| Elizabeth Harrington | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Keystone Investment Advisors, LLC | Partner | Current |
| CME Group, Inc. | Member | Current |
| The American Stock Exchange LLC | Member | Current |
| NYSE Arca, Inc. | Member | Current |
| Ljh Global Investments, LLC | Managing Director | Former |
| Shepherd Financial Group | Partner | Former |
| Shepherd Financial Group | Principal | Former |
| Vanderbilt University | Bachelor of Arts, Economics | Former |
Dr. Smith earned his B.A. magna cum laude in Psychology and Philosophy from the University of Notre Dame and he earned his doctoral degree in Clinical Psychology from the California School of Professional Psychology. After completing specialized training in behavioral medicine as a fellow in the Department of Anesthesiology at the University of Rochester Medical Center, Dr. Smith joined the faculty at the University of Rochester School of Medicine. Dr. Smith was recipient of a prestigious 2-year National Research Service Award Fellowship to further specialize in sleep disorders. In 2001, Dr. Smith joined the faculty as Assistant Professor at Johns Hopkins University School of Medicine, Department of Psychiatry and Behavioral Sciences, where he actively researches treatments for chronic pain conditions and insomnia.
| Organization | Position | Status |
|---|---|---|
| B-Med Technologies, Inc | Founder and Chief Clinical Officer | Current |
| Remicalm LLC | Cfo | Current |
| Select Guest | Senior Vice President and General Counsel | Current |
| Omni Hotels Management Corporation | Senior Vice President and General Counsel | Current |
| Omni Mandalay Hotel | Senior Vice President and General Counsel | Current |
| Omni Hotels Corporation | General Counsel & Senior Vice President | Current |
| Directed Electronics, Inc. | Vice President, Operations | Current |
| Ares Management LLC | Managing Director | Current |
| Ares Capital Corp | Partner | Current |
| Gulf Capital Partners, Inc. | Principal | Current |
| Aspire Trading Company LLC | Member of the Chicago Mercantile Exchange | Current |
| Michael A. Smith: Attorney | Attorney | Current |
| University of Rochester | Fellow Department of Anesthesiology | Current |
| Johns Hopkins University School of Medicine | Assistant Professor | Current |
| Ares Management LLC | Board of Directors | Current |
| Ares Capital Corp | Board of Directors | Current |
| CME Group, Inc. | Member | Current |
| Aspire Trading Company LLC | Member of the Chicago Mercantile Exchange | Current |
| Citicorp Investment Bank | Managing Director | Former |
| RBC, Inc. | partner | Former |
| Ares Management LLC | Partner, Private Debt Group | Former |
| University of Rochester School of Medicine & Dentistry | Faculty | Former |
| Omni Hotels Corporation | General Counsel | Former |
| Opec Corp. | Former | |
| Atlantic Richfield Company | Former | |
| California School of Professional Psychology | Doctoral Degree In Clinical Psychology | Former |
| University of Texas School of Law | Jd With Honors | Former |
| Southern Methodist University | Juris Doctor | Former |
| Southern Methodist University | Masters Degree In Business Administration | Former |
| The University of Texas at Austin | Masters In Business | Former |
| The University of Texas | Bachelor's Degree In Accounting With Honors. | Former |
| University of Notre Dame | B.S. in Business Administration | Former |
| The University of Texas at Austin | Bachelors Degree | Former |
| Southwest Texas State University | B.S. | Former |
| Auburn University | Business Administration, Operations Management | Former |
| The University of Texas at Austin | Business Administration, Information Technology | Former |
| The University of Texas | Degree | Former |
| University of Notre Dame | Degree | Former |
| California School of Professional Psychology | Degree In Clinical Psychology | Former |
| Organization | Position | Status |
|---|---|---|
| Pliant Corporation | Senior Vice President of Sales, Marketing and Customer Services | Current |
| CME Group, Inc. | Board Member | Current |
| Emerson Electric Co. | Executive Vice President | Former |
| Tellabs, Inc. | Executive Officer | Former |
| Pliant Corporation | Advisor | Former |
| Ameritech Corporation | Former | |
| Loyola University Chicago | Master’S of Business Administration | Former |
| Northern Arizona University | Bachelor's Degree In Public Administration and Management | Former |
- Mr. Weber became a Principal and Managing Partner at Alaron in April 2004. He is a principal at Alaron Holding Corporation and serves on Alaron's Board of Directors. He is actively involved in overall company business and product development. He is also President of GJ Brokerage, LLC and GJ Direct, which specialize in electronic trade execution. He has over 23 years experience in the futures industry and has been an independent broker and trader at the Chicago Mercantile Exchange (CME) since 1983. From 1981 to 1983 he was a broker for Glass-Ginsburg, Ltd., then the largest foreign currency arbitrage firm on the International Monetary market (IMM). Mr. Weber is a member of the CME, CBOT, New York Board of Trade (NYBOT), and Chicago Board Options Exchange (CBOE), and is currently undergoing the membership process at the Minneapolis Grain Exchange and the Kansas City Board of Trade. He has served on several committees at the CME, including the Foreign Currency Steering and Membership Committee. Mr. Weber has a BA in Economics from Cornell University and attended Northwestern University's Kellogg School of Management.
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Trader | Current |
| New York Board of Trade | Board of Directors | Current |
| CBOE | Board of Directors | Current |
| Chicago Board Options Exchange | Board of Directors | Current |
| Northwestern University | Ba In Economics | Former |
Alex Pollock is a resident fellow at the American Enterprise Institute (AEI) and a former president and chief executive officer of the Federal Home Loan Bank of Chicago.
| Organization | Position | Status |
|---|---|---|
| Federal Home Loan Bank of Chicago | Chief Executive Officer | Current |
| Allied Capital Corporation | Committee Member | Current |
| American Enterprise Institute for Public Policy Research | Resident Fellow | Current |
| Gina Labarbera | Current | |
| Illinois Council | Director | Current |
| CME Group, Inc. | Board of Directors | Current |
| Great Lakes Higher Education Corporation | Director | Current |
| Allied Capital Corporation | Director | Current |
| Federal Home Loan Bank | Chief Executive Officer | Former |
| Federal Home Loan Bank of Chicago | President | Former |
| Federal Home Loan Bank | President | Former |
| American Enterprise Institute for Public Policy Research | Resident Fellow | Former |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Senior Managing Director of Business Development | Current |
| CBOT Holdings, Inc. | Special Advisor | Current |
| Majestic Research | Current | |
| Math for America | Board of Directors | Current |
| Quadriserv Inc | Director | Current |
| Math Corporation | Board of Directors | Current |
| CBOT Holdings, Inc. | Board of Directors | Current |
| Onechicago, LLC | Senior Managing Director | Former |
| Tudor Investment Corporation | director of research | Former |
| Futures Industry Association | Advisor | Former |
| Federal Reserve Bank of New York | Former | |
| Onechicago, LLC | Chairman of the Board of Directors | Former |
| Futures Industry Association | Board of Directors | Former |
| University of Michigan | Master of Arts Degree In Public Policy | Former |
| University of Michigan | B.A. In Economics from the Same University. | Former |
| Organization | Position | Status |
|---|---|---|
| Cme Trust | Chief Executive Officer | Current |
| CME Group, Inc. | Chief Executive Officer | Current |
| Commodity Futures Trading Commission | Advisory Committee | Current |
| Youth Services of Glenview / Northbrook | Advisory Council | Current |
| CME Group, Inc. | Board of Directors | Current |
| BM&FBOVESPA | Board of Directors | Current |
| Chicagoland Chamber of Commerce | Board of Directors | Current |
| Ncoee | Vice Chairman | Current |
| The Executives' Club of Chicago | Board of Directors | Current |
| The Executives' Club | Board of Directors | Current |
| Cme Trust | Trustee | Former |
| FXMarketSpace | Board of Directors | Former |
| Northwestern University | J.D. | Former |
| Northwestern University | Master of Management Degree | Former |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | President & COO | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director & CFO | Current |
| CME Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director & Chief Marketing Officer | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director & Chief Accounting Officer | Current |
| CME Group, Inc. | Managing Director, Chief Accounting Officer | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director & CIO | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Executive Director | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director, Europe & Asia | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director, Org Development | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director, Operations & Enterprise Computing | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director, General Counsel & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director, Trading Operations | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director, Prods & Services | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director, Interest Rate Prods | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Managing Director, Corp Development | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Assoc Director, Shareholder Relations | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Product | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Technology | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Assoc Director, Equity Products | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, GLOBEX Accounting Management | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Enterprise Technology Production Monitoring | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Dir, Direct Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Treasurer & Director | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Interest Rate Product | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Interest Rate Prods | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Corp Finance | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, HR | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Finance Management, Clearing House | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Marketing Director | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Foreign Exchange Prods | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Director, Critical Data Centers & Facilities | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Manager, Marketing & Communications | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Frontier Risk Management, Inc. | President | Current |
| CME Group, Inc. | Broker | Current |
| National Introducing Brokers Association | Board of Directors | Current |
| National Introducing Brokers Association | Trustee | Current |
| Frontier Corporation | President | Former |
| Range Wise, Inc | Founder | Former |
| Frontier Risk Management, Inc. | Owner | Former |
| Drexel Burnham Lambert Inc. | Director of the Livestock | Former |
| Frontier Risk Management, Inc. | Trader | Former |
| Drexel | Former |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| CME Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| R.J. O'Brien & Associates Inc. | Chairman & CEO | Current |
| The Clearing Corp | Director of the Clearing Corporation | Current |
| Trina Solar Ltd | Independent Director | Current |
| Trina Solar Ltd | Board of Directors | Current |
| Illinois CPA Society | Board of Directors | Current |
| R.J. O'Brien & Associates Inc. | Board of Directors | Current |
| CME Group, Inc. | Member | Current |
| R.J. O'Brien & Associates Inc. | Chief Financial Officer | Former |
| Chicago Sun Times | Controller | Former |
| HiTech Equipment | Director | Former |
| St. John's University | MBA Degree | Former |
| Loyola University | Bachelor of Business Administration | Former |
The Honorable Terrence A. Duffy has served as Chairman of the Board of Chicago Mercantile Exchange Holdings Inc. (CME Holdings) and Chairman of the Board of Chicago Mercantile Exchange Inc. (CME) since April 2002. He was Vice Chairman of the Board of CME Holdings Inc. from its formation in August 2001 and of the Board of CME from 1998 to April 2002. He has been President of TDA Trading, Inc. since 1981. He has been a CME member since 1981 and a Board member since 1995. As the company's Vice Chairman, Mr. Duffy served on the executive, compensation, nominating, strategic planning and regulatory oversight committees.
| Organization | Position | Status |
|---|---|---|
| T.D.A. Trading Corp | President | Current |
| CME Group, Inc. | Chairman of the Board | Current |
| CME Group, Inc. | Member | Current |
| Illinois Agricultural Leadership Foundation | Executive Chairman of Cme Group, Chicago, Il | Former |
| CME Group, Inc. | Board Member | Former |
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