Chicago Mercantile Exchange

The Chicago Mercantile Exchange (CME) is a global marketplace where buyers and sellers trade futures and options contracts for commodities, financial instruments, and currencies. It helps individuals and institutions manage risk and hedge against price fluctuations by allowing them to agree on prices for things like oil, gold, interest rates, or stock indexes in advance. The CME operates electronically and through open outcry trading floors, providing a transparent and regulated environment for these transactions. Its role is vital in facilitating price discovery and liquidity in various markets worldwide.