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CME Group history
CME Group company history timeline
1851: CBOT offers earliest of "forward contracts" ever recorded; forward contracts begin to gain popularity among merchants and processors.
1870: CBOT develops first octagonal futures trading pit.
1885: To accommodate rapid growth of futures trading, CBOT constructs a new building at LaSalle and Jackson streets, at the time Chicago’s tallest building and first commercial structure with electric lights.
1919: Chicago Butter and Egg Board becomes Chicago Mercantile Exchange.
1961: CME launches first futures contract on frozen, stored meats – frozen pork bellies -- bacon.
1968: CBOT begins trading its first non-grain-related commodity, futures on iced broilers (chickens).
1972: CME launches second financial futures contracts, offering contracts on seven foreign currencies.
1975: CBOT launches first interest rate futures contract, futures on the Government National Mortgage Association rates (GNMA futures).
1982: CME launches first successful stock index futures contract, S&P 500 Index futures.
1992: First electronic futures trades are made on CME Globex platform.
1999: CME launches first weather-based futures contracts.
2005: CBOT demutualizes and becomes publicly traded company, listed on New York Stock Exchange.
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.
2008: CME Group and BM&FBOVESPA, Latin America’s largest derivatives exchange, launch a partnership to enable worldwide distribution of BM&F products on CME Globex.
July 2012: McGraw-Hill, owner of the Standard & Poor's ratings service, announced a joint venture with CME Group called S&P Dow Jones Indices, in which McGraw Hill owns 73 percent of the company, CME Group owns 24.4 percent, and Dow Jones owns 2.6 percent.
April 2014: CME Group Named 'North America Exchange of the Year' and 'Clearinghouse of the Year' by Global Capital.
November 2016: CME Group Announces Sir Tim Berners-Lee as the 2016 Melamed-Arditti Innovation Award Recipient
May 2021: CME Group announces permanent closing of the open-outcry trading pits in Chicago, except for the Eurodollar options pit, which would remain open.
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CME Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,136 |
| Stifel Financial | 1890 | $49.8M | 7,100 | 135 |
| Citi | 1812 | $74.3B | 210,000 | 1,272 |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 217 |
| Traiana | 2000 | $11.0M | 376 | - |
| ICAP | 1986 | $696.2M | 5,128 | - |
| Barchart | 1934 | $8.5M | 50 | - |
| TS Imagine | 1994 | $2.6M | 50 | 2 |
| GMO | 1977 | $353.0M | 985 | 14 |
| bepress | 1999 | $7.2M | 75 | - |
CME Group history FAQs
Zippia gives an in-depth look into the details of CME Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CME Group. The employee data is based on information from people who have self-reported their past or current employments at CME Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by CME Group. The data presented on this page does not represent the view of CME Group and its employees or that of Zippia.
CME Group may also be known as or be related to CME Group, CME Group Inc, CME Group Inc., CME Ventures, Cme Group, Cme Group Inc. and The CME Group Community Foundation.