Chicago Mercantile Exchange (CME)

Chicago Mercantile Exchange (CME) definition - business

Chicago Mercantile Exchange (CME)

A leading commodities exchange established in 1919 as a marketplace for agricultural futures contracts. In 2000 the Merc became the first U.S. financial exchange to demutualize and become a shareholder-owned corporation. The Chicago Mercantile Exchange acquired the Chicago Board of Trade in 2007 to form CME Group, Inc. Also called Merc.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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