This article LTG
Goldrock introduces the Chicago Commercial Exchange Group ~
On October 17, 2006, the two major exchanges in Chicago -Chicago Commercial Exchange and the Chicago Futures Exchange -officially merged, which was born to the world's largest exchange to date, the Chicago Exchange Group (abbreviation"CME
Group "). The Chicago Commercial Exchange and the Chicago Commodity Exchange are expected to revolutionize the global derivative product market to provide customers and trading participants with greater operations and cost benefits.The operation headquarters will still be located in Chicago.
The total market value of this new behemoth will reach US $ 25 billion, far exceeding competitors including the New York Stock Exchange and the European Exchange.The merger will enable the new trading group to have markets such as financial derivative products such as interest rate futures and index futures and markets such as agricultural futures trading.The merger that occurred in the third largest city in the United States has affected the Eurasian market.
On March 17, 2008, the Chicago Commercial Exchange Group reached an agreement with the New York Commodity Exchange. The Chicago Commercial Exchange Group achieved the acquisition of the latter by stock and cash, involving about $ 9.4 billion in funds.
CME Group framework
Chicago Commodity Exchange (CME)
Chicago Futures Exchange (CBOT)
New York Commercial Exchange (Nymex)
New York Commodity Exchange (COMEX)
The above exchange is a pioneer in the futures market, and has an indelible position in the history of futures trading for more than 250 years.The price of the futures where each transaction is in the discovery and risk management have made significant contributions, and they have jointly created today's global futures market.
