CME — Chicago Mercantile Exchange
The Specialization Of The Chicago Mercantile Exchange
•Currencies:
GBF, Euro, yuan, yen, Swiss franc, the ruble, the us dollar index, etc.
•Stock Indicies:
The S&P 500, NASDAQ 100, the NIKKEI 225, S&P NIFTY 50, FTSE/XINHUA China 25, etc.
•Interest Rates:
Eurodollar, evroyena
•dairy products (Dairy):
butter, cheese, milk, whey
•meat products (Livestock):
live cattle, beef, pork bacon
•wood (Forest):
wood shavings, chipboard
Forms of trading and clearing
Open auction, electronic trading, block-trading OTC
CME Clearing House
Address and contacts
30 South Wacker Drive, Chicago, IL 60606, USA
+1 (312) 930-1000
www.cmegroup.com
History of development
Chicago Board of exchange «Chicago Butter and Egg Board» was created in 1899 for the organized market trade butter and eggs. In the process of trades regularly available market prices on these and other products. The name «Chicago Mercantile Exchange (CME), existing up to now, had been approved on 26 September 1919, together with introduction in operation of the first clearing house of the exchange, engaged in the design executed deals.
In the next couple of decades has been significantly expanded the list of the products offered were also organized trading of futures on the cheese, potatoes, onions. Immediately after the completion of the Second World were introduced contracts for Turkey meat and frozen eggs. Alas, the majority of contracts of this spectrum have not caught on.
The futures industry is obliged to exchange Chicago Mercantile Exchange (CME) the following innovations:
1. In 1961, for the first time appeared futures for perishable products (frozen pork bacon), and in 1964-m were first introduced contracts on «the alive goods» (cattle);
2. In 1972, it appeared financial futures. This happened after the creation of a special section of the IMM (International Monetary Market), which began trading futures and options on 7 different currencies. In 1982, was introduced trading in futures on now super polular S&P 500 index;
3. In 1981, for the first time introduced the concept of a derivative contract and tested mechanism for calculating the after expiration. The first settlement futures contract is a contract on the «Eurodollar»;
4. In 1992, together with the Chicago Board of Trade and Reuters, was launched the first and the most popular today electronic trading system CME Globex, which allows trading is practically around the clock and from any point of the globe.
on November 13, 2000, the CME has experienced the transformation from a non-profit membership organization into a commercial joint-stock company. In July 2007, CME announced the completion of the merger with the exchange Chicago Board of Trade, the result of which was formed holding CME Group. In August 2008 CME announced the acquisition of the stock exchange NYMEX together with the COMEX, with which two years earlier signed an agreement on the provision of system CME Globex to conduct electronic trading. Holding CME Group remains the largest stock exchange Association in the United States. In March 2009, SKF received the approval of the regulator of the SEC to conduct and clearing of transactions with CDS, credit - default swaps.
