CME Group, Inc. is an American company, based in Chicago, Illinois, that provides risk management and investment services.
It offers products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.
CME is one of the world’s leading and most diverse derivatives marketplace, handling approximately 3 billion contracts worth around $1 quadrillion annually (on average).
The company brings buyers and sellers together through the CME Globex electronic trading platform and its trading facilities in Chicago and New York.
More than 80 percent of the trades at CME Group are now electronic.
The group also operates CME Clearing, which provides clearing and settlement services for exchange-traded contracts and for over-the-counter derivatives transactions.
CME Group, Inc. was created in 2007 following the merger of the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (CME). In 2008, CME Group merged with NYMEX Holdings, Inc. and acquired NYMEX and COMEX. In November 2012, it acquired The Board of Trade of Kansas City, Missouri, Inc. (KCBT).
CME Group, Inc. is publicly listed on the NASDAQ Stock Market under the stock ticker symbol ‘CME’.
Overview
- Executive Chairman and President: Terrence A. Duffy
- CEO: Phupinder S. Gill
- COO: Bryan T. Durkin
- Type: Public
- Industry: Security/Commodities Exchange
- Listed on NASDAQ
- NASDAQ stock ticker symbol: CME
- S&P 500 Component
- Revenue: $2.936 billion USD (2013)
- Net income: $978 million USD (2013)
- Diluted earnings per share: $2.92 USD (2013)
- Employees: 2,730 (2013)
- Corporate headquarters: 20 South Wacker Drive, Chicago, Illinois, USA
- Investor relations contact number: +1 800 331 3332
- Investor relations email: [email protected]
- Website: http://www.cmegroup.com/
| Net revenues (in $ millions) | 2013 | 2012 |
| Clearing and transaction fees | $2,460.4 | $2,371.5 |
| Market data and information services | $315.4 | $387.1 |
| Access and communication fees | $83.2 | $88.8 |
| Other | $77.3 | $67.2 |
| Total revenues | $2,936.3 | $2,914.6 |
| Expenses (in $ millions) | ||
| Compensation and benefits | $518.9 | $496.7 |
| Communications | $35.3 | $40.1 |
| Technology support services | $53.6 | $50.7 |
| Professional fees and outside services | $130.3 | $126.8 |
| Amortization of purchased intangibles | $103.0 | $116.2 |
| Depreciation and amortization | $135.1 | $136.9 |
| Occupancy and building operations | $78.3 | $77.0 |
| Licensing and other fee agreements | $97.9 | $82.6 |
| Other | $146.9 | $95.6 |
| Total Expenses | $1,299.3 | $1,222.6 |
| Income data (in $ millions) | ||
| Operating income | $1,637.0 | $1,692.0 |
| Non-operating income (expense) | $(36.0) | $1.4 |
| Income before Income Taxes | $1,601.0 | $1,693.4 |
| Income tax provision | $622.9 | $786.7 |
| Net income | $978.1 | $906.7 |
| Net income attributable to non-controlling interests | $1.3 | $10.4 |
| Net income attributable to CME Group | $976.8 | $896.3 |
| Comprehensive income attributable to CME Group | $919.5 | $994.0 |
| Balance sheet data (in $ millions) | ||
| Total assets | $54,277.8 | $38,863.2 |
| Total liabilities | $33,117.3 | $17,357.5 |
| Total CME Group shareholders’ equity | $21,154.8 | $21,419.1 |
| Cash flow data (in $ millions) | ||
| Net cash provided by operating activities | $1,280.5 | $1,219.7 |
| Net cash provided by (used in) investing activities | $190.5 | $(208.9) |
| Net cash used in financing activities | $(606.0) | $(448.4) |
| Cash and cash equivalents at end of year | $2,469.7 | $1,604.7 |
| Common share data (in $) | ||
| Basic earnings (loss) per common share | $2.94 | $2.71 |
| Diluted earnings (loss) per common share | $2.92 | $2.70 |
Source: “CME Group, Inc. 2013 Form 10-K Annual Report”