Chicago Mercantile Exchange was founded in year 1898 as a not-for-profit corporation and initially it was called the Chicago Butter and Egg Board until 1919. In November 2000, CME became the first U.S. financial exchange to demutualize and become a shareholder-owned corporation.
At Chicago Mercantile Exchange the trading involves mostly futures on interest rates, currency, equities, stock indices and a small amount on agricultural products.
The trading of futures and options on futures provides a way to protect against and profit from price changes in financial instruments and physical commodities.
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