U.S. derivatives exchange founded in 1898 as the Chicago Butter and Egg Board, evolving into Chicago Mercantile Exchange in 1919. The exchange is a major global marketplace for trading futures and options on interest rates, equities, foreign exchange, commodities, and alternative investment products nearly 24 hours a day via the CME Globex electronic trading platform and on its open outcry trading floors. CME became a for-profit, shareholder- owned corporation in November 2000, the first U.S. financial exchange to demutualize by converting its membership interests into shares of common stock that can be traded separately from exchange trading privileges. In December 2002, CME became the first publicly traded U.S. financial exchange when shares of the parent company, Chicago Mercantile Exchange Holdings, Inc. began trading on the New York Stock Exchange. CME has greatly expanded its international presence through strategic alliances with exchanges and clearing organizations. As a result of its transaction processing agreement with the Chicago Board Of Trade , CME's Clearing House now clears approximately 90% of all U.S. futures trading. CME has an agreement with reuters to bring direct foreign exchange futures trading to the interbank foreign exchange market. The CME has a mutual offset system with Singapore Exchange Derivatives Trading Ltd. (SGX). The exchange has entered into memoranda of understanding with the Shanghai Stock Exchange, the Shanghai Futures Exchange, and the China Foreign Exchange Trading System. CME is a partner in OneChicago LLC , a joint venture created to trade single-stock futures and narrow-based stock indices.
See also securities and commodities exchangesorganized, national exchanges where securities, options, and futures contracts are traded by members for their own accounts and for the accounts of customers. In the United States, the stock exchanges are registered with and regulated by the
Exchanges listing basic securities-stocks, bonds, rights, warrants, and options on individual stocks-are described in more detail under their respective entries. See below for a description of their futures and other options products:American Stock Exchange (New York) stock index options: Airline Index, China Index, Defense Index, Gold Bugs Index, Test Symbol, Computer Technology, Consumer Index Opt., Cyclical Index Opt., Deutschebank Energy, Eurotop 100 Index, Hong Kong Index, Internet Index, Major Market Index, Min Nasdaq 100, Ms Commodities Index, Nasdaq Biotech Index, Nasdaq 100 Index, Natural Gas Index, Oil Index, Spade Defense Index, The Biotechnology Index, The Broker Dealer Index, The Disk Drive Index, The Japan Index, The Microcap Index, The Morgan Stanley Index, The Pharma Index.
Chicago Board of Trade (Chicago) futures: corn, oats, rough rice, soybeans, soybean oil, soybean meal, wheat, mini-sized corn, mini-sized soybeans, mini-sized wheat, South American soybeans; silver (1,000 ounces, 5,000 ounces), gold (33.2 ounces, 100 ounces); ethanol; U.S. Treasury Bonds, U.S. Treasury notes (10-year, 5-year, 2-year), 30-Day Fed Funds, 10-Year Municipal Note Index, Interest Rate Swaps (10- year, 5-year), mini-sized Eurodollars, Bund, Bobl, Schatz; Dow Jones Industrial Index, mini-sized Dow Jones Industrial Index, Total Market Index, Dow Jones-AIGCI. Options: corn, oats, rough rice, soybeans, soybean oil, soybean meal, wheat; U.S. Treasury bonds, U.S. Treasury notes (10-year, 5-year, 2-year), 30-Day Fed Funds, Flexible U.S. Treasury bonds, Flexible U.S. Treasury notes (10-year, 5-year, 2-year), Interest Rate Swaps (10-year, 5-year); Dow Jones Industrial IndexSM, mini-sized Dow Jones Industrial Index.
Chicago Board Options Exchange (Chicago): equity options, index options,
Chicago Mercantile Exchange (Chicago) foreign currency futures and options: Australian dollar, Brazilian real, British pound, Canadian dollar, Czech Koruna, U.S. dollar index, Euro, E-mini Euro, Hungarian forint, Japanese yen, E-mini Japanese yen, Mexican peso, New Zealand dollar, Norwegian Krone, Polish Zloty, Russian ruble, South African rand, Swedish Krona, Swiss franc. Cross-rate futures and options: Euro FX/Australian dollar, Euro FX/Canadian dollar, Euro FX/Hungarian Forint, Euro FX/Norwegian Krone, Euro FX/Swedish Krona, Australian dollar/Canadian dollar, Canadian dollar/Japanese yen, Australian dollar/Japanese yen, Australian dollar/New Zealand dollar, British pound/Japanese yen, British pound/Swiss franc, Swiss franc/Japanese yen, Euro FX/British pound, Euro FX/Czech Koruna, Euro FX/Japanese yen, Euro FX/Polish Zloty, Euro FX/Swiss franc. Foreign currency-denominated interest rate futures and options: Euroyen, 91-day CETES, 28-day TIIE. Interest rate futures and options: Eurodollar, Eurodollar FRA, 13-week U.S. Treasury bill, 1-month LIBOR (London Interbank Offer Rate), swap futures, turn rate futures, Japanese government bonds, CPI futures, mid-curve options. Stock index futures and options: Standard & Poor's 500, E-Mini S&P 500 Stock Price Index, Standard & Poor's MidCap 400, Nikkei 225 Stock Average, Goldman Sachs Commodity Index, Russell 2000 Stock Price Index, S&P 500/BARRAGrowth Index, S&P 500 BARRAValue Index, NASDAQ 100 Index, E-mini NASDAQ Composite, S&P SmallCap 600, SPCTR Futures, X-Funds, Futures on ETFs E-mini NASDAQ- 100, E-mini S&P 500 MidCap 400, E-mini Russell 1000, E-mini Russell 2000. Alternative investment products: U.S. monthly weather, U.S. seasonal weather, European monthly weather, European seasonal weather, Asia-Pacific monthly weather, Asia-Pacific seasonal weather, ethanol. Agricultural futures and options: live cattle, feeder cattle, lean hogs, frozen pork bellies, milk (Class III & IV), nonfat dry milk, butter, random-length butter, cheese, DAP, UAN, urea.
Kansas City Board of Trade (Kansas City) futures and options: wheat, Value Line Index. Futures: wheat, Value Line Index.
Minneapolis Grain Exchange (Minneapolis) futures and options: hard red spring wheat, Hard Red Winter Wheat Index (HRWI), Hard Red Spring Wheat Index (HRSI), Soft Red Winter Wheat Index (SRWI), National Corn Index (NCI), and National Soybean Index (NSI).
New York Board of Trade agricultural futures and options contracts: cocoa, Coffee "C," Cotton No. 2, ethanol, frozen concentrated orange juice (FCOJ), Sugar No. 11, Sugar No. 14, and pulp. Index and currency marketplace: futures and options on NYSE Composite Index, Reuters/Jefferies CRB Index, Russell 1000, 2000, and 3000 Indexes, the U.S. Dollar Index, and 32 cross-rate currency contracts.
New York Mercantile Exchange (New York) NYMEX Division: futures and options: light, sweet crude oil, New York Harbor unleaded gasoline, heating oil, Henry Hub natural gas, platinum. Futures: palladium. COMEX Division: Futures and options: gold, silver, copper, and aluminum.
Pacific Exchange (San Francisco) Options, LEAPS, and FLEX options on more than 1,800 stocks and ETFs.
Philadelphia Stock Exchange (Philadelphia): currency options: Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, Mexican peso (customized contracts only), Swiss franc, U.S. dollar (customized contracts only); SPDR Options; sector index options: capital markets, insurance, mortgage finance, regional bank, defense, drug, Europe, gold and silver, housing, oil service, semiconductor, utility, media and entertainment, casino gaming, coal producers, footwear and athletic, investment managers, oil exploration and production, semiconductor capital equipment, semiconductor device, specialty retail, steel producers, Internet, bio-clinical trials; FLEX options, LEAPS, HOLDRS; currency futures.
organized, national exchanges where securities, options, and futures contracts are traded by members for their own accounts and for the accounts of customers. In the United States, the stock exchanges are registered with and regulated by the
Exchanges listing basic securities-stocks, bonds, rights, warrants, and options on individual stocks-are described in more detail under their respective entries. See below for a description of their futures and other options products:American Stock Exchange (New York) stock index options: Airline Index, China Index, Defense Index, Gold Bugs Index, Test Symbol, Computer Technology, Consumer Index Opt., Cyclical Index Opt., Deutschebank Energy, Eurotop 100 Index, Hong Kong Index, Internet Index, Major Market Index, Min Nasdaq 100, Ms Commodities Index, Nasdaq Biotech Index, Nasdaq 100 Index, Natural Gas Index, Oil Index, Spade Defense Index, The Biotechnology Index, The Broker Dealer Index, The Disk Drive Index, The Japan Index, The Microcap Index, The Morgan Stanley Index, The Pharma Index.
Chicago Board of Trade (Chicago) futures: corn, oats, rough rice, soybeans, soybean oil, soybean meal, wheat, mini-sized corn, mini-sized soybeans, mini-sized wheat, South American soybeans; silver (1,000 ounces, 5,000 ounces), gold (33.2 ounces, 100 ounces); ethanol; U.S. Treasury Bonds, U.S. Treasury notes (10-year, 5-year, 2-year), 30-Day Fed Funds, 10-Year Municipal Note Index, Interest Rate Swaps (10- year, 5-year), mini-sized Eurodollars, Bund, Bobl, Schatz; Dow Jones Industrial Index, mini-sized Dow Jones Industrial Index, Total Market Index, Dow Jones-AIGCI. Options: corn, oats, rough rice, soybeans, soybean oil, soybean meal, wheat; U.S. Treasury bonds, U.S. Treasury notes (10-year, 5-year, 2-year), 30-Day Fed Funds, Flexible U.S. Treasury bonds, Flexible U.S. Treasury notes (10-year, 5-year, 2-year), Interest Rate Swaps (10-year, 5-year); Dow Jones Industrial IndexSM, mini-sized Dow Jones Industrial Index.
Chicago Board Options Exchange (Chicago): equity options, index options,
Chicago Mercantile Exchange (Chicago) foreign currency futures and options: Australian dollar, Brazilian real, British pound, Canadian dollar, Czech Koruna, U.S. dollar index, Euro, E-mini Euro, Hungarian forint, Japanese yen, E-mini Japanese yen, Mexican peso, New Zealand dollar, Norwegian Krone, Polish Zloty, Russian ruble, South African rand, Swedish Krona, Swiss franc. Cross-rate futures and options: Euro FX/Australian dollar, Euro FX/Canadian dollar, Euro FX/Hungarian Forint, Euro FX/Norwegian Krone, Euro FX/Swedish Krona, Australian dollar/Canadian dollar, Canadian dollar/Japanese yen, Australian dollar/Japanese yen, Australian dollar/New Zealand dollar, British pound/Japanese yen, British pound/Swiss franc, Swiss franc/Japanese yen, Euro FX/British pound, Euro FX/Czech Koruna, Euro FX/Japanese yen, Euro FX/Polish Zloty, Euro FX/Swiss franc. Foreign currency-denominated interest rate futures and options: Euroyen, 91-day CETES, 28-day TIIE. Interest rate futures and options: Eurodollar, Eurodollar FRA, 13-week U.S. Treasury bill, 1-month LIBOR (London Interbank Offer Rate), swap futures, turn rate futures, Japanese government bonds, CPI futures, mid-curve options. Stock index futures and options: Standard & Poor's 500, E-Mini S&P 500 Stock Price Index, Standard & Poor's MidCap 400, Nikkei 225 Stock Average, Goldman Sachs Commodity Index, Russell 2000 Stock Price Index, S&P 500/BARRAGrowth Index, S&P 500 BARRAValue Index, NASDAQ 100 Index, E-mini NASDAQ Composite, S&P SmallCap 600, SPCTR Futures, X-Funds, Futures on ETFs E-mini NASDAQ- 100, E-mini S&P 500 MidCap 400, E-mini Russell 1000, E-mini Russell 2000. Alternative investment products: U.S. monthly weather, U.S. seasonal weather, European monthly weather, European seasonal weather, Asia-Pacific monthly weather, Asia-Pacific seasonal weather, ethanol. Agricultural futures and options: live cattle, feeder cattle, lean hogs, frozen pork bellies, milk (Class III & IV), nonfat dry milk, butter, random-length butter, cheese, DAP, UAN, urea.
Kansas City Board of Trade (Kansas City) futures and options: wheat, Value Line Index. Futures: wheat, Value Line Index.
Minneapolis Grain Exchange (Minneapolis) futures and options: hard red spring wheat, Hard Red Winter Wheat Index (HRWI), Hard Red Spring Wheat Index (HRSI), Soft Red Winter Wheat Index (SRWI), National Corn Index (NCI), and National Soybean Index (NSI).
New York Board of Trade agricultural futures and options contracts: cocoa, Coffee "C," Cotton No. 2, ethanol, frozen concentrated orange juice (FCOJ), Sugar No. 11, Sugar No. 14, and pulp. Index and currency marketplace: futures and options on NYSE Composite Index, Reuters/Jefferies CRB Index, Russell 1000, 2000, and 3000 Indexes, the U.S. Dollar Index, and 32 cross-rate currency contracts.
New York Mercantile Exchange (New York) NYMEX Division: futures and options: light, sweet crude oil, New York Harbor unleaded gasoline, heating oil, Henry Hub natural gas, platinum. Futures: palladium. COMEX Division: Futures and options: gold, silver, copper, and aluminum.
Pacific Exchange (San Francisco) Options, LEAPS, and FLEX options on more than 1,800 stocks and ETFs.
Philadelphia Stock Exchange (Philadelphia): currency options: Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, Mexican peso (customized contracts only), Swiss franc, U.S. dollar (customized contracts only); SPDR Options; sector index options: capital markets, insurance, mortgage finance, regional bank, defense, drug, Europe, gold and silver, housing, oil service, semiconductor, utility, media and entertainment, casino gaming, coal producers, footwear and athletic, investment managers, oil exploration and production, semiconductor capital equipment, semiconductor device, specialty retail, steel producers, Internet, bio-clinical trials; FLEX options, LEAPS, HOLDRS; currency futures.
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