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Chicago Mercantile Exchange - CME
What does it mean?
The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and a small amount on agricultural products.
In Other Words...
Founded in 1898 as a not-for-profit corporation, the CME was called the Chicago Butter and Egg Board until 1919. In November 2000, CME became the first U.S. financial exchange to demutualize and become a shareholder-owned corporation.
The trading of futures and options on futures provides a way to protect against and profit from price changes in financial instruments and physical commodities.
Related Links
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Related Terms
CBOT | Commodity | E-mini | Eurodollar | Exchange | Future | Option
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