|
The Chicago Mercantile Exchange (CME or, simply, "The Merc") (NYSE/Nasdaq:CME) is the largest futures exchange in the United States. The CME was founded in 1898 as the Chicago Butter and Egg Board. Originally, the exchange was a not-for-profit organization. The exchange demutualized in November 2000, and went public in December 2002, becoming the first US exchange to do so. The Chief Executive Officer of the Merc is Craig S. Donohue. President George W. Bush at Chicago Mercantile Exchange. ...
President George W. Bush at Chicago Mercantile Exchange. ...
George Walker Bush (born July 6, 1946) is an American businessman and politician, was elected in 2000 as the 43rd President of the United States of America, re-elected in 2004, and is currently serving his second term in that office. ...
New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ...
NASDAQ (originally an acronym for National Association of Securities Dealers Automated Quotations ) is a U.S. electronic stock exchange. ...
A futures exchange, or futures and options exchange is a corporation or mutual organization which provides the facilities to trade derivatives such as futures contracts and options. ...
1898 (MDCCCXCVIII) was a common year starting on Saturday (see link for calendar) of the Gregorian calendar (or a common year starting on Monday of the 12-day-slower Julian calendar). ...
The Chicago Butter and Egg Board[1], founded in 1898, was a spin-off entity of the Chicago Board of Trade (CBOT). ...
The term demutualization (or demutualisation) describes the process by which mutual organizations or companies (mutuals) convert themselves to for-profit (or profit-making) public companies which distribute profits to their shareholders in the form of dividends. ...
This article is about the year 2000. ...
An initial public offering (IPO) is the first sale of a corporations common shares to public investors. ...
For album titles with the same name, see 2002 (album). ...
CME has four major product areas: short term interest rates, stock market indexes, foreign exchange, and commodities. An interest rate is the price a borrower pays for the use of money he does not own, and the return a lender receives for deferring his consumption, by lending to the borrower. ...
A stock market index is a listing of stocks, and a statistic reflecting the composite value of its components. ...
Foreign exchange has several meanings: In telecommunications, Foreign exchange service is a type of network service. ...
The word commodity is a term with distinct meanings in business and in Marxian political economy. ...
CME has the largest options and futures contracts open interest (number of contracts outstanding) of any futures exchange in the world, which indicates a very high liquidity. This is vital to the success of any stock or futures exchange. In finance, an option is a contract whereby one party (the holder or buyer) has the right but not the obligation to exercise a feature of the contract (the option) on or before a future date (the exercise date or expiry). ...
In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a pre-set price. ...
Market liquidity is a business or economics term that refers to the ability to quickly buy or sell a particular item without causing a significant movement in the price. ...
Trading Methods
Trading is conducted in two methods; an open outcry format and the CME Globex® electronic trading platform. Approximately 70 percent of total volume at the exchange occurs on CME Globex. Open outcry occurs on a commodities exchange when traders shout their buy and sell orders. ...
Open Outcry The open outcry method consists of floor traders standing in a trading pit to call out orders, prices, and quantities of a particular commodity. Different colored jackets are worn by the traders to indicate their function on the floor (traders, runners, CME employees, etc.). In addition, complex hand signals are used. These hand signals were first used in the 1970s. The pits are areas of the floor that are lowered to facilitate communication, sort of like a miniature amphitheater. The pits can be raised and lowered depending on trading volume. To an onlooker, the open outcry system can look chaotic and confusing, but in reality the system is a tried and true method of accurate and efficient trading. The name amphitheatre (alternatively amphitheater) is given to a public building of the Classical period (being particularly associated with ancient Rome) which was used for spectator sports, games and displays. ...
CME Globex® Today the CME Globex trading system operates at the heart of CME. It was introduced in 1992 as the first global electronic trading platform for futures contracts. This fully electronic trading system allows market participants to trade from booths at the exchange or while sitting in a home or office thousands of miles away. On 19 October 2004, the one billionth (1,000,000,000) transaction was recorded. The electronic trading platform of the Chicago Mercantile Exchange. ...
1992 (MCMXCII) was a leap year starting on Wednesday. ...
In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a pre-set price. ...
October 19 is the 292nd day of the year (293rd in leap years) in the Gregorian Calendar. ...
2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...
When Globex was first launched, it used Reuters' technology and network. 2002 saw the launch of the second generation of Globex using a modified version of the NSC trading system, developed by Paris Bourse for the MATIF (now Euronext). Reuters Group plc (LSE: RTR and NASDAQ: RTRSY); pron. ...
To meet Wikipedias quality standards, this article or section may require cleanup. ...
MATIF SA is Frances futures exchange, absorbed in the merger of the Paris Bourse with Euronext NV to form Euronext Paris. ...
Euronext N.V. is a pan-European stock exchange with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ...
References - Durica, Dr. Michael (2006). Product Development for Electronic Derivative Exchanges: The case of the German ifo business climate index as underlying for exchange traded derivatives to hedge business cycle risk. Pro Business. Berlin. ISBN 10: 3-939533-05-X.
See also The term demutualization (or demutualisation) describes the process by which mutual organizations or companies (mutuals) convert themselves to for-profit (or profit-making) public companies which distribute profits to their shareholders in the form of dividends. ...
// North America Canada Montreal Exchange Winnipeg Commodity Exchange USA Chicago Board Options Exchange (CBOE) Chicago Board of Trade (CBOT) Chicago Butter and Egg Board, precursor to the Chicago Mercantile Exchange (CME) Chicago Climate Exchange Chicago Mercantile Exchange (CME) Commodity Exchange (COMEX), now a division of NYMEX International Monetary Market (IMM...
External links |
Feeds |
Contact