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Chicago Mercantile Exchange Inc. is in the Government Industry
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Trading Up
Today, the Chicago Mercantile Exchange (CME), which was founded in 1898 as the Chicago Butter and Egg Board, is one of the world's largest financial exchanges, second only to the Eurex in Frankfurt, Germany, in the number of contracts traded annually. In 2005, the CME traded more than 1 billion...
Introduction To Weather Derivatives
The first transaction in the weather derivatives market took place in 1997. Since that time, the market has expanded rapidly into a flourishing over the counter (OTC) market. Further growth in the end-user sector is somewhat limited by the credit issues associated with an OTC market. To increase the size...
Option Terminology
The Chicago Mercantile Exchange offers the most comprehensive livestock risk management tool ever developed—options on live cattle, feeder cattle and lean hog futures. Producers can establish a floor price for the livestock they buy, and a ceiling for it as well, without giving up profit opportunity. This article is an...
Additional Resources
CME Group Inc. Reports Record First-Quarter Revenues and Earnings
CHICAGO, April 22 /PRNewswire-FirstCall/ -- CME Group Inc. today reported total revenues increased 88 percent to $625 million and net income increased 118 percent to $284 million for first-quarter 2008 compared with first-quarter 2007. Diluted earnings per share rose 42 percent to $5.25. These GAAP results...
Cultures clash as rival Chicago exchanges merge
CHICAGO (AFP) — In a move likened to two rival sports teams playing home games on the same pitch, traders from Chicago's Mercantile Exchange are moving onto the floor of the Chicago Board of Trade on Monday. The marriage of convenience has produced the world's largest and most...
New York City Mayor Bloomberg to Receive 2008 CME Group Fred Arditti Innovation Award.
M2 PRESSWIRE-4 April 2008-Chicago Mercantile Exchange: New York City Mayor Bloomberg to Receive 2008 CME Group Fred Arditti Innovation Award(C)1994-2008 M2 COMMUNICATIONS LTD RDATE:03042008 CHICAGO -- The CME Group Center for Innovation (CFI) today announced that Michael Bloomberg, founder...
Home Price Indices Futures
THIS ARTICLE ANALYZES THE POTENTIAL USE OF Chicago Mercantile Exchange (CME) housing futures for hedging, arbitrage and speculative purposes. The quote from the CME web page on housing futures reads: "CME Housing futures and options are the first comprehensive financial tools that make it possible to trade U.S. real estate...
deepest market, The
A funny thing happened after launching the euro...foreign exchange trading opened up for retail traders and the long-term trends the currency markets were so well known for truncated. Volatility increased and trading these markets became a short-term trader's mecca. Currency trading has long been the domain of global banks...
Nymex dealing
SHALL WE DANCE? Timing is everything, and as Futures heads to press, one date stands out: March 15. which is the last jay of the annual International Futures Industry Conference in Boca Raton, Fla., and also the last day of the extended exclusive negotiation period for the...
7ticks Deploys Network Technology to Facilitate Ultra-Low Latency Financial Trading at Telx
Managed Application Service Provider Enhances Edge Network Performance for Financial Transactions NEW YORK -- Telx, the leader in providing interconnectivity solutions through network-neutral, network rich, colocation facilities announced today that 7ticks, Inc. has deployed their leading-edge trading infrastructure at Telx's New York facility located at 111 8(th) Avenue....
TFS Energy Successfully Hosts Its Largest-Ever Weather Derivatives Dutch Auction
NEW YORK, March 17 /PRNewswire/ -- TFS Energy, LLC, a leading interdealer broker and a subsidiary of Compagnie Financiere Tradition, today announced its weather derivatives division completed a successful Dutch auction on behalf of UBS Investment Bank's Hybrid Trading Desk soliciting CDD (Cold Degree Day) Swap Offers. The terms...
CME Group to buy NYMEX commodities exchange for 9.4 bln dlrs
NEW YORK (AFP) — CME Group Inc. will buy NYMEX Holdings, the world's largest physical commodities exchange, in a cash and stock deal worth about 9.4 billion dollars, the companies said Monday. "This combination will further diversify the company's revenues, with products in every major asset class," CME...
HuaMei Capital Company, Inc. Appoints Scott J. Nelson as First Chief Executive Officer
Former JPMorgan Securities expert on Asian banking and finance named CEO of first U.S. financial services company jointly owned by a Chinese company CHICAGO, March 13 /PRNewswire/ -- HuaMei Capital Company, Inc. (HuaMei) today announced the appointment of Scott J. Nelson, former head of the Asian Clients...
CME Group Announces Good Friday Holiday Hours
CHICAGO, March 13 /PRNewswire-FirstCall/ -- CME Group, the world's largest derivatives exchange, will close its trading floors at both the CME and CBOT buildings on Friday, March 21, in observance of Good Friday. Abbreviated trading hours will be held for certain products on both Thursday, March 20, and...
Penson Worldwide, Inc. Nominates Futures Industry Leader Bernard W. Dan to Board of Directors
DALLAS -- Penson Worldwide, Inc. (NASDAQ: PNSN), a leading provider of execution, clearing, settlement and custody and technology products and services to the global financial services industry, today announced that Bernard W. Dan has been nominated to serve on the Company's Board of Directors and audit committee, subject to his...
141 Capital, Inc. Selects AudioStocks.com For Investor Communications
CHICAGO -- 141 Capital, Inc. ("the Company,")(OTC:XXIS) is pleased to announce it has retained AudioStocks.com to help maintain awareness with the investment community and assist shareholders with due diligence. 141 Capital is developing algorithmic trading systems to trade financial products for its customers. Trades will be made on...
CME Group Executive Chairman Addresses FIA Chicago
CHICAGO, Feb. 26 /PRNewswire-FirstCall/ -- Today, CME Group Executive Chairman Terry Duffy addressed the FIA Chicago chapter. During his presentation, Duffy provided an update on CME Group's successful integration with the Chicago Board of Trade and the exchange's proven track record of central counterparty clearing and the benefits associated...
Let It Snow, Let It Snow
Betting on the weather may not sound like a business plan, but it’s what farmers, ski resorts and utilities do all the time. Now they’re turning to new financial products to hedge the risk. “Every November or December we get nervous,” says Eliot Peyser, CEO of Manhattan’s Weatherproof Garment Co....
CME Group CEO Addresses Managed Funds Association Conference
CHICAGO, Feb. 12 /PRNewswire-FirstCall/ -- Today, CME Group Chief Executive Officer Craig S. Donohue addressed the Managed Funds Association (MFA) Conference in Key Biscayne, Florida. During his presentation, Donohue discussed CME Group's position on market structure, specifically the proven track record of central counterparty clearing models and the...
CME Group Announces President's Day Holiday Hours
CHICAGO, Feb. 11 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse exchange, will close its trading floors at both the CME and CBOT buildings on Monday, February 18, in observance of President's Day. Abbreviated trading hours will be held for certain products on both Friday, February 15,...
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Chicago Mercantile Exchange Inc. Company Info
NAICS Code
Legislative Bodies: 921120
