CME Group Inc., through its futures exchanges and clearing houses, serves the risk management and investment needs of customers worldwide. The company offers a range of global benchmark products across all major asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals. Products The company’s products are traded through CME Globex and other electronic trading platforms, its open outcry auction markets in Chicago and New York City, and through privately negotiated transactions that the company clears. The company’s U.S. clearing house is operated within Chicago Mercantile Exchange (CME). It also operates a U.K. clearing house — CME Clearing Europe. The company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. It brings buyers and sellers together through its CME Globex electronic trading platform and its open outcry trading facilities in Chicago and New York City, and provides hosting, connectivity and customer support for electronic trading through its co-location services. Its CME Direct technology offers side-by-side trading of exchange-listed and privately negotiated markets. The company provides clearing and settlement services for exchange-traded contracts, as well as for cleared swaps, and provides regulatory reporting solutions for market participants through its global repository services in the United States, the United Kingdom and Canada. Finally, the company offers a range of market data services, including live quotes, delayed quotes, market reports and a comprehensive historical data service. The company’s products provide a means for hedging, speculation and asset allocation relating to the risks associated with, among other things, interest rate sensitive instruments, equity ownership, changes in the value of foreign currency, credit risk and changes in the prices of agricultural, energy and metal commodities. Trading Technology and Distribution The company’s CME Globex electronic platform is the trading engine for its central limit order book markets, and is available 24 hours a day throughout the trading week. The CME Globex platform is accessible through various vendor provided and custom built trading systems that benefit from its open application programming interface approach. For the privately negotiated markets, the company offers brokers and customers the CME Direct system for arranging, executing, recording and risk-managing trades. CME Direct is a trading and analysis system that also includes CME Messenger for instant-message capabilities and CME Straight-Through Processing for connecting trade information directly with customer order management and risk management systems and is designed to reduce errors and improve efficiency. The company offers various market data services for the futures, equities and the cleared swaps markets. Its joint venture with McGraw-Hill combines capabilities of S&P Indices and Dow Jones Indices. As part of the joint venture, the company acquired a long-term, ownership-linked, exclusive license to list futures and options on futures based on the S&P 500 Index and certain other S&P indices. Seasonality The company has historically experienced relatively higher contract volume during the first and second quarters and sequentially lower contract volume in the third and fourth quarters. Customers The company’s customer base includes professional traders, financial institutions, institutional and individual investors, major corporations, manufacturers, producers, governments and central banks. Trademarks CME Group is a trademark of CME Group Inc. The Globe logo, CME, Chicago Mercantile Exchange, Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. Regulations The company’s operation of U.S. futures exchanges and its U.S. clearing house is subject to extensive regulation by the Commodity Futures Trading Commission (CFTC) which requires that its regulated subsidiaries satisfy the requirements of certain core principles relating to the operation and oversight of its markets and its clearing house. The CFTC carries out the regulation of the futures markets and clearing houses in accordance with the provisions of the Commodity Exchange Act as amended by, among others, the Commodity Futures Modernization Act and Dodd-Frank. Competition Derivatives Business: The company’s competitors include exchanges, such as Intercontinental Exchange, Inc. (ICE); the Hong Kong Exchanges and Clearing Limited; and Deutsche Börse AG. Transaction Processing Business: The company’s competitors in the clearing services space include companies, such as ICE, LCH.SwapClear, the Options Clearing Corporation, Depository Trust & Clearing Corporation and Deutsche Börse AG. History The company was founded in 1898 as a not-for-profit corporation. It was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in 2007.
cme group inc (MX4A:Berlin)
20 South Wacker Drive
Chicago, IL 60606
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