CME

      CME is the acronym for Chicago Mercantile Exchange. 

      The Chicago Mercantile Exchange is a derivatives exchange that trades futures contracts and options.

    Founded in 1898, the CME was first called “Chicago Butter and Egg board”. Not long after in 1919 it was renamed to The Chicago Mercantile Exchange. The CME launched its first futures contracts in 1961 dealing with frozen pork bellies. In 1969, it added financial futures and currency contracts followed by the first interest rate, bond, and futures contracts in 1972.

     The CME was the first financial exchange to become a publicly traded, shareholder-owned corporation in 2000. 

     It is important to mention, CME was the first Regulated Financial Institution to offer digital assets as a product to its customers. Not long after the product was listed (late winter 2018) the infamous market collapse of Bitcoin happened; dropping from $20,000 to $3,000.