What is the Chicago trade exchange?

founded in 1898, Chicago Mercantile Exchange has undergone some changes over the years. The exchange was originally founded as a non -profit organization and in 2007 it underwent a merger that helped to consolidate functions for financial trades related to the company. Plans for future merger are currently in works that would significantly increase the presence of exchange in the financial world.

Chicago Mercantile Exchange began life at the end of the 19th century as Chicago Butter and Egg Board. Over time, the stock exchange has become a tool for trading in a number of different types of investment. One of the foundations of the exchange was in the area of ​​financial futures.

For most of the 20th century, Chicago Mercantile Exchange has joined with a number of financial transactions. Interest rates, commodities, currencies and stocks have become a common part of the stock exchange. Over time, investment occasionally part of the stock exchange has become ties, such as real estate and even weather -based investment and climate conditions.

Chicago Mercantile Exchange also startsLA enter a work partnership with other trade exchanges around the world. One of the remarkable examples is to create a common effort with the Singapore Stock Exchange known as Jade. The purpose of this joint project is to provide both exchanges with the presence in the derivative market.

The dawn of the 21st century recorded other changes for the Chicago trade exchange. After undergoing demutualization in 2000 and became a public entity in 2002, the stock exchange announced the acquisition of the Chicago Board of Trade during the fourth quarter of 2006. The acquisition was completed in July 2007 and a new name for a combined entity was announced. It is said that the new entity called The CME Group, Inc. options and futures contracts of outstanding any exchange in the world. Plans for other acquisitions and merger are expected, including the possible acquisition of the New York Mercantile Exchange.