Chicago Mercantile Exchange (CME)

The Chicago Mercantile Exchange (CME) is a major global marketplace where people can buy and sell a variety of financial products, such as futures and options. These contracts allow traders to agree on prices for assets like commodities (e.g., wheat, cattle) or financial instruments (e.g., currencies, stock indexes) to manage risk or speculate on price changes. The CME plays a key role in determining prices and enhancing liquidity in these markets, making it easier for businesses and investors to hedge against potential losses or capitalize on market movements.