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On July 12, 2007, CME Group completed a merger with the CME's historical rival, the holding company for the Chicago Board of Trade, founded in 1848, in an $8 billion deal that created the world's largest financial market.
- 1800s
- 1900s
- 2000s
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 agreement...
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 1936 - CBOT launches soybean contract 1961 - CME launches first futures contract on frozen, stored meats —frozen pork bellies 1964 - CME launches first agricultural fut...
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 ag...
2006: CME becomes a listed component of the Standard & Poor's 500. July 2007: CME and CBOT officially merge to form CME Group, Inc., averting an unfriendly takeover attempt to purchase the CBOT by Intercontinental Exchange announced in March 2007.
Feb 5, 2015 · Following are key dates in the 167-year history of the exchange, according to the exchange operator: 1848 - Chicago Board of Trade creates the world's first futures exchange, based in...
CME Group, Inc. is the world's largest derivatives exchange, offering a broad array of derivatives contracts, clearing services, market data and index products. Based in Chicago, the company was formed by the $11.6 billion merger in July 2007 of the 109-year-old Chicago Mercantile Exchange (CME) and the 159-year-old Chicago Board of Trade (CBOT ...
- Terrence A. Duffy, Chairman and CEO
- @CMEGroup
- CMEGroup
Originally a non-profit organization at inception, the CME Group (formerly known as just the CME) eventually went public on in December 2002. A merger with the Chicago Board of Trade (CBOT) took effect in July 2007 to form The CME Group.
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Mar 13, 2022 · The CME has always broken new ground, and in 2002, it became the first U.S. exchange to become a publicly traded and listed company. CME stock began trading on the New York Stock Exchange.
