The Chicago Mercantile Exchange is one of the largest and most diversified commodity exchanges in the world. Located in Chicago , USA .
| Chicago Mercantile Exchange Chicago mercantile exchange | |
|---|---|
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| Type of | Commodity Exchange |
| Location | Chicago , USA |
| Coordinates | |
| Year of foundation | 1874 |
| Owner | CME Group |
| Exchange listing | |
| Currency | U.S. dollar |
| Web site | www.cme.com |
Content
Exchange History
President Bush at the Chicago Mercantile Exchange
- 1874 - year of foundation of the exchange. Originally called The Chicago Butter and Egg Board (Chicago Butter and Egg Chamber). Its members traded in futures contracts for agricultural products such as eggs and butter [1] .
- 1960s - for the first time in the world, they began trading futures for frozen pork and live cattle.
- 1970s - World currency futures trading began to function on the exchange.
- 1982 - futures trading on the most famous US S&P 500 index was successfully introduced.
- 1992 - CME created the first global electronic trading platform - Globex, which trades on a 24-hour basis with an hour break, 5 days a week. Globex presents the most popular CME contracts. For many products electronic mini-contracts (e-mini) have been introduced - essentially the same as ordinary ones, but with a lower nominal value. This made it possible to trade on the exchange with much lower initial investment.
Today, trading volume on CME is 524.2 million contracts and 326.7 million on Globex. The most well-known instruments traded on the CME include:
- Currency Futures - Euro , Mini Euro, British Pound , Japanese Yen ;
- Indices - S&P 500 , NASDAQ-100 and mini-contracts for them;
- Interest rates ;
- Commodity futures for pork, cattle, timber.
Notes
- β Chicago Mercantile Exchange // Foreign Economic Activity of the Enterprise / Ed. L. E. Strovsky. - English-Russian dictionary. - M .: UNITY, 2002 .-- S. 96-97. - 510 s. - ISBN 5-238-00253-X.
See also
- Chicago Board of Trade