Past, Present & Futures: Chicago Mercantile Exchange celebrates the rich history of a renegade futures exchange formed in 1919 with an innovative spirit and the drive to one day trade other commodities besides butter and eggs. Reshaping the futures industry with its free markets for free men ideals, CME has a long history of ceaseless innovation, including the creation of the world's first financial futures contracts, the introduction of CME Eurodollar futures, CME E-mini equity products, and the development of CME Globex®, the first global electronic trading platform for futures and options. With the landmark merger of CME and the Chicago Board of Trade in 2007, the newly formed CME Group became the largest and most diverse derivatives exchange in the world. Valued at $29 billion with an average daily trading volume of nearly 9 million contracts representing $4.2 trillion in notional value, CME Group serves the risk-management needs of customers around the globe and offers the widest range of benchmark products available on any exchange. Past, Present & Futures: Chicago Mercantile Exchange provides a compelling and in-depth account of how CME evolved to attain its coveted leadership position in the highly competitive financial and commodities exchange sector.
