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The Chicago Mercantile Exchange (CME) ( NYSE:CME) was founded 1898 as a not-for-profit organization. The CME demutualized and went public in December 2002. Today, the CME is the biggest futures market in the United States and the second biggest in the world.The CME has four major product areas: interest rates, stock indexes, foreign exchange and commodities.
The CME has the largest futures and options on futures open interest (number of contracts outstanding) of any exchange in the world, which indicates a very high liquidity, a key success factor for stock and commodity exchanges.
Today the GLOBEX trading system operates at the heart of the CME: introduced in 1992 it is the first global electronic trading platform for futures and derivative contracts .
Shares of the CME trade on the New York Stock Exchange under the ticker symbol CME.
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