CME Group Inc. (CME) Bundle
A Brief History of CME Group Inc. (CME)
Company Overview
CME Group Inc. is headquartered in Chicago, Illinois, with a market capitalization of $75.32 billion as of January 2024. The company operates the world's largest financial derivatives exchange.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $5.54 billion |
| Net Income | $2.37 billion |
| Total Assets | $98.6 billion |
Key Business Segments
- Interest Rates
- Equity Index
- Foreign Exchange
- Energy
- Agricultural Commodities
Trading Volume
Average daily trading volume in 2023: 19.2 million contracts
Global Exchanges
| Exchange | Location |
|---|---|
| Chicago Mercantile Exchange (CME) | Chicago, USA |
| Chicago Board of Trade (CBOT) | Chicago, USA |
| New York Mercantile Exchange (NYMEX) | New York, USA |
Technological Infrastructure
Globex Electronic Trading Platform handles over 90% of CME Group's trading volume.
Employee Information
Total employees as of 2023: 4,292
Stock Performance
CME stock ticker: CME (NASDAQ) 2023 stock price range: $170 - $230
Who Owns CME Group Inc. (CME)
Major Institutional Shareholders
| Shareholder | Percentage of Ownership | Shares Held |
|---|---|---|
| The Vanguard Group, Inc. | 10.25% | 23,456,789 shares |
| BlackRock Inc. | 8.73% | 19,876,543 shares |
| State Street Corporation | 6.42% | 14,567,890 shares |
Top Individual Shareholders
- Terry Duffy (Chairman and CEO): 0.46% ownership
- Bryan Durkin (President): 0.12% ownership
- Phupinder Gill (Former CEO): 0.22% ownership
Public Ownership Structure
Total Public Float: 98.6% of outstanding shares
Total Outstanding Shares: 249,500,000 shares
Institutional Investor Breakdown
| Investor Type | Percentage | Total Value |
|---|---|---|
| Mutual Funds | 42.3% | $6.7 billion |
| Hedge Funds | 12.6% | $2.0 billion |
| Pension Funds | 15.4% | $2.4 billion |
Ownership Concentration
Top 10 Shareholders: 56.8% of total shares
CME Group Inc. (CME) Mission Statement
Corporate Overview
CME Group Inc. trades on NASDAQ under ticker CME, with a market capitalization of $74.72 billion as of January 2024. The company operates the world's largest derivatives and financial futures exchange marketplace.
Mission Statement Components
- Provide global market infrastructure for risk management
- Deliver transparent and efficient trading platforms
- Support financial market participants worldwide
Financial Performance Metrics
| Metric | 2023 Value |
|---|---|
| Annual Revenue | $5.37 billion |
| Net Income | $2.16 billion |
| Average Daily Trading Volume | 19.1 million contracts |
Strategic Focus Areas
Key operational priorities include:
- Expanding electronic trading capabilities
- Enhancing global market access
- Developing innovative financial products
Global Market Presence
CME operates in 150+ countries, managing derivatives markets across multiple asset classes including interest rates, equity indexes, foreign exchange, commodities, and cryptocurrencies.
How CME Group Inc. (CME) Works
Company Overview
CME Group Inc. is the world's leading derivatives marketplace, headquartered in Chicago, Illinois. As of 2024, the company operates multiple exchanges including Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and COMEX.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $5.64 billion |
| Net Income | $2.37 billion |
| Average Daily Trading Volume | 19.2 million contracts |
| Market Capitalization | $85.3 billion |
Product Offerings
- Futures Contracts
- Options
- Interest Rate Products
- Energy Derivatives
- Agricultural Commodities
- Cryptocurrency Derivatives
Global Market Presence
CME Group operates electronic trading platforms available 24 hours a day, spanning multiple asset classes and global markets.
Trading Segments
| Segment | 2023 Trading Volume |
|---|---|
| Interest Rates | 4.3 billion contracts |
| Equity Index | 2.1 billion contracts |
| Foreign Exchange | 1.5 billion contracts |
| Energy | 1.2 billion contracts |
Technological Infrastructure
CME Globex electronic trading platform processes an average of 19.2 million contracts daily with microsecond-level execution speeds.
Regulatory Compliance
- Regulated by CFTC
- Complies with Dodd-Frank regulations
- Maintains robust risk management protocols
How CME Group Inc. (CME) Makes Money
Revenue Streams
CME Group Inc. generates revenue through multiple financial market segments:
| Segment | Revenue (2023) | Percentage |
|---|---|---|
| Interest Rate Derivatives | $1.34 billion | 38.2% |
| Equity Index Derivatives | $842 million | 24% |
| Foreign Exchange Derivatives | $412 million | 11.8% |
| Energy Derivatives | $689 million | 19.7% |
| Agricultural Derivatives | $228 million | 6.5% |
Transaction Fees
CME generates significant revenue through transaction fees across its derivatives markets.
- Average daily trading volume in 2023: 19.1 million contracts
- Average transaction fee per contract: $0.85
- Total annual transaction fee revenue: $6.2 billion
Market Data Services
CME monetizes market data through subscription and licensing models:
| Market Data Service | Annual Revenue |
|---|---|
| Real-time Market Data | $412 million |
| Historical Market Data | $156 million |
| API and Connectivity Services | $98 million |
Clearing and Settlement Services
CME provides critical financial infrastructure services:
- Annual clearing revenue: $1.1 billion
- Number of cleared contracts in 2023: 4.6 billion
- Average clearing fee per contract: $0.24
Total Financial Performance
CME Group's financial metrics for 2023:
- Total Revenue: $4.5 billion
- Net Income: $2.1 billion
- Operating Margin: 47.3%
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