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    CME Group

    CME Group, Inc. history, profile and history video 

     CME Group, Inc. operates securities and commodity exchanges. The company serves the risk management and investment needs of customers around the globe. It offers wide range of products across various asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. Its products include both exchange traded and over-the-counter derivatives. CME Group brings buyers and sellers together through its CME Globex electronic trading platform across the globe and its open outcry trading facilities in Chicago and New York City. It provides hosting, connectivity and customer support for electronic trading through its co-location services. It also provides clearing and settlement services for exchange-traded contracts, as well as for cleared over-the-counter derivatives transactions. The company also offers a wide range of market data services-including live quotes, delayed quotes, market reports and a comprehensive historical data service and have expanded into the index services business through CME Group Index Services. CME Group was founded in 1898 and is headquartered in Chicago, IL.

    “Timeline of CME Achievements

    We are responsible for serving you with key developments that have built today’s futures industry, including the birth of futures trading. These include the standardization of futures contracts, formation of the clearing process, and introduction of financial futures, cash-settlement and electronic trading. We have demonstrated ongoing leadership in developing creative products, breakthrough trading technology and a superior business model through a continuing series of firsts. Our collective legacy spans three centuries of unique contributions to the financial markets.

    1800s

    1848 – CBOT creates the world’s first futures exchange, based in Chicago

    1851 – CBOT offers earliest “forward” contract ever recorded; forward contracts begin to gain popularity among merchants and processors

    1865 – CBOT formalizes grain trading with the development of standardized agreements called “futures” contracts, world’s first such agreements CBOT creates world’s first futures clearing operation when it begins requiring performance bonds, called “margin,” to be posted by buyers and sellers in its grain markets

    1870 – CBOT develops first octagonal futures trading pit

    1885 – To accommodate rapid growth of futures trading, CBOT constructs a new building at LaSalle and Jackson, Chicago’s tallest building and first commercial structure with electric lights

    1898 – Chicago Butter and Egg Board, predecessor of Chicago Mercantile Exchange, opens in Chicago

    1900s

    1919 – Chicago Butter and Egg Board becomes Chicago Mercantile Exchange CME Clearing House established

    1926 – CBOT founds Board of Trade Clearing Corporation to guarantee its trades

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    1936 – CBOT launches soybean contract

    1961 – CME launches first futures contract on frozen, stored meats —frozen pork bellies

    1964 – CME launches first agricultural futures based on non-storable commodities — live cattle

    1968 – CBOT begins trading its first non-grain- related commodity, futures on chickens

    1969 – CBOT begins trading its first non-agricultural product, with a silver futures contract

    1972 – CME launches first financial futures contracts, offering contracts on seven foreign currencies

    1975 – CBOT launches first interest rate futures, offering a contract on the Government National Mortgage Association

    1981– CME launches first cash-settled futures contract, Eurodollar futures

    1982 – CME launches first successful stock index futures contract, S&P 500 Index futures CBOT launches first options on futures contract for U.S. Treasury Bond futures

    1987 – CME pioneers electronic futures trading with conceptualization and initiation of development of CME Globex platform

    1992 – First electronic futures trades are made on CME Globex electronic trading platform

    1997 – CME develops and launches the first mini-sized, all electronic futures contract, E-mini S&P 500 futures CBOT Dow Jones Industrial Average contract introduced

    1999 – CME launches first weather-based futures contracts

    2000s

    2002 – CME becomes first U.S. exchange to go public; stock is listed on New York Stock Exchange

    2003 – CBOT agrees to have CME Clearing clear its products, resulting in extensive capital efficiencies for market participants

    2005 – CBOT demutualizes and becomes publicly traded company, listed on New York Stock Exchange

    2006 – CBOT and CME sign an agreement to merge into a single company pending regulatory and shareholder approval CBOT launches electronic agricultural futures trading Launch of NYMEX products on CME Globex CME and Reuters agree to form first centrally cleared global FX platform for OTC market—FXMarketSpace

    2007 – CME and CBOT officially merge to form CME Group Inc., the world’s leading and most diverse derivatives marketplace

    2008 – CME Group acquires NYMEX, adding energy and metals to its wide array of product offerings

    2008 – CME Group and BM&FBOVESPA, Latin America’s largest derivatives exchange, launch a landmark partnership that enables worldwide distribution of BM&F products on CME Globex

    2009 – CME Group completes its New York trading floor integration, a key milestone following its 2008 acquisition of NYMEX. The integration included the reconfiguration of the energy trading floor and combining the energy and metals futures and options trading rings onto one trading floor

    2010 – CME Group’s Global Command Center opens. The 35,000 square foot facility, located at CME Group headquarters, brings the Globex Control Center, Technology Operations and all other critical support teams together in one space

    2011 – CME Group continues to make global advancements by opening its 10th global office in Seoul, South Korea

    2011 – CME Group Launches European clearing services via CME Clearing Europe

    2012 – CME Group Co-Location Services, comprised of hosting, connectivity and support services, successfully launches at its data center, allowing for the lowest latency connection possible for all CME Group Globex products

    2012 – KCBT becomes part of CME Group, bringing together the KCBT suite of hard red winter wheat products with the deep and liquid CBOT soft red winter wheat products

    2013 – KCBT Wheat is cleared on CME Clearing

    2013 – KCBT Trading Floor closes and relocates to the CBOT Trading Floor”

    *Information from Forbes.com and Cme.com

    **Video published on YouTube by “CME Group

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