Search results
Results from the WOW.Com Content Network
The Chicago Mercantile Exchange (CME), was founded in 1898 as a nonprofit corporation. [2] In 1919, it established its clearing house. [2] In 2000, CME demutualized (became a joint stock company). [2] In 2002, CME Group, the parent company of CME, became a public company via an initial public offering. [2]
[15] [18] By the 2000s, CME had expanded to offer four core financial instruments: commodities, foreign exchange, interest rates, and stock indexes. [14] [15] As of 2022, CME operates under CME Group, which offers a number of derivatives products, including commodities, equity indices, foreign exchange, interest rates, and weather. [19] [14] [20]
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The Dow managed to narrowly snap a 10-day losing streak, giving up most of its earlier gains to end slightly higher after Wednesday's 1,100-point drop.
The CME got ownership of the physical facilities and began scrubbing the NYMEX logo and name off of various artifacts and closed the NYMEX museum. NYMEX eventually became little more than a brand name used by CME. [6] By 2011, NYMEX open outcry trading was relegated for the most part to a small number of people trading options. [19]
People shop at Macy's in Herald Square, New York, on December 11, 2023. - Michael M. Santiago/Getty Images
Stifel chief investment strategist Barry Bannister believes higher inflation and slower than expected economic growth will derail the stock market rally in 2025.