The The Chicago Mercantile Exchange (CME) is one of the world’... More (CME) is one of the world’s largest derivatives exchanges.
Based in Chicago, it is commonly known as the Merc, or the Chicago Merc.
Around 80% of trading takes place electronically on the CME Globex platform, the remaining 20% still being conducted on the old-fashioned open outcry system. CME Globex offers 24-hour trading.
Trading on the Merc
and are among the main traded at the Merc – other core derivative are , , , real estate derivatives and . It is also possible to trade some of the more unusual derivatives such as weather.
Founded in 1898, the exchange was originally called the Chicago Butter and Egg Board, as it traded only agricultural In trading, commodities are an asset class that describe... More. For more than a century, the CME was structured as a not-for-profit company owned by its members. In 2000, it demutualised then became a plc in 2002. A merger with the Chicago Board of Trade took place in 2007.
In 2008, a further merger took place with the New York Mercantile Exchange.