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Definition

The Chicago Mercantile Exchange (CME). The CME is the largest futures exchange in the United States and also owns and operates the largest futures Clearing House in the world. CME products fall into five major areas: interest rates, equities, foreign exchange, agricultural commodities and alternative investments. Two forums are available for trading CME products: the long-standing open outcry trading floors and the CME Globex electronic trading platform. The CME Clearing House guarantees, clears and settles every contract traded through the Exchange. Founded as a not-for-profit corporation in 1898, CME became the first publicly traded U.S. financial exchange in December 2002 when the Class A shares of its common stock began trading on the New York Stock Exchange under the ticker symbol CME. Go to www.cme.com for more information.

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