CME Group

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CME Group Inc.
Type Public
Traded as NASDAQCME
S&P 500 Component
Industry Security & commodity exchanges
Headquarters Chicago, Illinois, US
Key people Terrence A. Duffy
(Executive Chairman & President)
Phupinder Gill
(CEO)
Revenue
  • Increase US$ 2,936.3 million (2013) [1]
  • Decrease US$ 2,914.6 million (2012) [1]
Operating income
  • Decrease US$ 1,637.0 million (2013) [1]
  • Decrease US$ 1,692.0 million (2012) [1]
Net income
  • Increase US$ 976.8 million (2013) [1]
  • Decrease US$ 896.3 million (2012) [1]
Total assets
  • Increase US$ 54,277.8 million (2013) [2]
  • Decrease US$ 38,863.2 million (2012) [1]
Total equity
  • Decrease US$ 21,160.5 million (2013) [2]
  • Decrease US$ 21,424.9 million (2012) [2]
Employees 2300 (12/31/2008)
Subsidiaries The Kansas City Board of Trade, The Chicago Mercantile Exchange, The Chicago Board of Trade, The New York Mercantile Exchange, S&P Dow Jones Indices (24.4% ownership), COMEX
Website cmegroup.com

CME Group Inc. (Chicago Mercantile Exchange & Chicago Board of Trade) Is a American futures company and is one of the largest options and futures exchanges. It owns and operates large derivatives and futures exchanges in Chicago, and New York City, as well as online trading platforms. In 2014, it gained regulatory approval to open a derivatives exchange in London.[3] It also owns the Dow Jones stock and financial indexes, and CME Clearing Services, which provides settlement and clearing of exchange trades. The exchange-traded derivative contracts include futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, rare and precious metals, weather, and real estate.[4] It has been described by The Economist as "The biggest financial exchange you have never heard of".[5]

The corporate world headquarters are in Chicago in The Loop. The corporation was formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT). On March 17, 2008, CME Group announced it had acquired NYMEX Holdings, Inc., the parent company of the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX). The acquisition was formally completed on August 22, 2008.[6] The four exchanges now operate as designated contract markets (DCM) of the CME Group.[7]

On February 10, 2010, CME announced its purchase of 90% of Dow Jones Indexes, including the Dow Jones Industrial Average.[8] Dow Jones Indexes subsequently became S&P Dow Jones Indices, in which CME has a 24.4% ownership interest.[9]

On October 17, 2012, CME announced it was acquiring the Kansas City Board of Trade for $126 Million in cash. KCBOT is the dominant venue for the sale of hard red winter wheat. The Chicago Board of Trade is the leading trade platform for soft red winter wheat.[10]

New York Mercantile Exchange (NYMEX) and COMEX 
S&P Dow Jones Indices (24.4% ownership) 

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