Chicago Mercantile Exchange (Cme)
| The Chicago Mercantile Exchange (CME) is one of the largest and most essential exchanges in the United States. It is the world's largest financial derivatives exchange, and it plays a vital role in the global economy. The CME was founded in 1898, and it has been a major force in the financial world ever since. It is the home of the world's most important financial instruments, including futures and options on futures. These instruments are used by traders and investors to hedge against risk and to speculate on the direction of the markets. The CME is also a major clearinghouse for financial contracts. This means that it guarantees the performance of these contracts, and it ensures that the parties to the contracts are able to meet their obligations. The CME is an essential part of the global financial system, and it plays a vital role in the US economy. |
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