Chicago Mercantile Exchange

The Chicago Mercantile Exchange is a marketplace for financial futures, foreign currency futures, commodity futures, and futures options. Also known as the CME or Merc. The Chicago Mercantile Exchange is the world's second-largest exchange for futures and options on futures and the largest in the United States. Founded in 1898 as a not-for-profit corporation, the CME was called the Chicago Butter and Egg Board. Initially, its members traded futures contracts on agricultural commodities via open outcry. The Chicago Butter and Egg Board evolved into the Chicago Mercantile Exchange (CME) in 1919. In November 2000, CME became the first U.S. financial exchange to become a shareholder-owned corporation. CME's open outcry platform and trading floor systems are linked to the GLOBEX electronic trading platform. At CME, some traders buy and sell contracts electronically, some prefer open outcry, and many trade both ways.

Official Website: Chicago Mercantile Exchange