![]() | This article is rated Start-class on Wikipedia's content assessment scale. It is of interest to the following WikiProjects: |
|||||||||||||||||||||||||||||||||||||||||||||||
|
![]() | The Wikimedia Foundation's Terms of Use require that editors disclose their "employer, client, and affiliation" with respect to any paid contribution; see WP:PAID. For advice about reviewing paid contributions, see WP:COIRESPONSE. |
Many of the source references are press releases, primary source, we're from the CME website. I agree with the conclusion reached in 2009 this is an advertisement. The CEOs Wikipedia page was being managed by in-house public relations. I would suggest that they rewrite this article to Wikipedia standards — Preceding unsigned comment added by 174.253.160.161 (talk) 18:16, 26 October 2020 (UTC)
The only references used at all for this article all originate from the CME website itself. This article requires more distributed coverage than simply the business explaining itself, otherwise it is only an advertisement... Stevenmitchell (talk) 04:49, 29 August 2009 (UTC) woefully inadequate article — Preceding unsigned comment added by 70.190.100.195 (talk) 01:23, 14 December 2011 (UTC)
One or more portions of this article duplicated other source(s). The material was copied from: https://www.cmegroup.com/clearing/ http://www.cmegroup.com/clearing/cme-clearing-overview/clearing-membership.html http://www.cmegroup.com/company/membership/elements/cme/cme-clearing-membership.html http://www.adsatis.com/docs/isdareview/omg_ccp_questions_cme_response.pdf. Infringing material has been rewritten or removed and must not be restored, unless it is duly released under a compatible license. (For more information, please see "using copyrighted works from others" if you are not the copyright holder of this material, or "donating copyrighted materials" if you are.) For legal reasons, we cannot accept copyrighted text or images borrowed from other web sites or published material; such additions will be deleted. Contributors may use copyrighted publications as a source of information, but not as a source of sentences or phrases. Accordingly, the material may be rewritten, but only if it does not infringe on the copyright of the original or plagiarize from that source. Please see our guideline on non-free text for how to properly implement limited quotations of copyrighted text. Wikipedia takes copyright violations very seriously, and persistent violators will be blocked from editing. While we appreciate contributions, we must require all contributors to understand and comply with these policies. Thank you. Moonriddengirl (talk) 19:23, 23 December 2009 (UTC)
Hello fellow Wikipedians,
I have just added archive links to one external link on CME Group. Please take a moment to review my edit. If necessary, add ((cbignore))
after the link to keep me from modifying it. Alternatively, you can add ((nobots|deny=InternetArchiveBot))
to keep me off the page altogether. I made the following changes:
When you have finished reviewing my changes, please set the checked parameter below to true or failed to let others know (documentation at ((Sourcecheck))
).
This message was posted before February 2018. After February 2018, "External links modified" talk page sections are no longer generated or monitored by InternetArchiveBot. No special action is required regarding these talk page notices, other than regular verification using the archive tool instructions below. Editors have permission to delete these "External links modified" talk page sections if they want to de-clutter talk pages, but see the RfC before doing mass systematic removals. This message is updated dynamically through the template ((source check))
(last update: 18 January 2022).
Cheers.—cyberbot IITalk to my owner:Online 06:57, 1 March 2016 (UTC)
Hello fellow Wikipedians,
I have just modified one external link on CME Group. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:
When you have finished reviewing my changes, you may follow the instructions on the template below to fix any issues with the URLs.
This message was posted before February 2018. After February 2018, "External links modified" talk page sections are no longer generated or monitored by InternetArchiveBot. No special action is required regarding these talk page notices, other than regular verification using the archive tool instructions below. Editors have permission to delete these "External links modified" talk page sections if they want to de-clutter talk pages, but see the RfC before doing mass systematic removals. This message is updated dynamically through the template ((source check))
(last update: 18 January 2022).
Cheers.—InternetArchiveBot (Report bug) 16:48, 28 July 2017 (UTC)
![]() | This edit request by an editor with a conflict of interest has now been answered. |
Hello Wikipedia editors. I noticed there was a large edit to this page recently that substantially changed the content. I think many of the deletions were wise, but the article does seem a little sparse now and there seems to be continued confusion throughout about the distinction between CME Group and Chicago Mercantile Exchange.
To be clear, CME Group is the parent company of Chicago Mercantile Exchange and other financial derivatives exchanges (Chicago Board of Trade, New York Mercantile Exchange, etc). The introduction gets this right, but then the History section conflates the two.
I took a stab at correcting this with two new sections (Operations & Mergers and acquisitions) that could replace the current History section. This material includes all of the same basic information, but splits claims into current operational info (Operations) and historical info (Mergers and acquisitions). I also included a revised Awards and honors section that trims that material down to focus only on truly notable recognitions:
Proposed update draft
|
---|
Operations[edit]CME Group operates a global derivatives marketplace that allows institutions and individuals to trade futures and options based on interest rates, equity indexes, foreign exchange, energy, metals, and agricultural commodities.[1][2][3] The company runs an electronic trading platform, CME Globex, which allows customers in approximately 150 countries to trade futures and options contracts;[4][5][6] The company also operates two cash market businesses: BrokerTec, which facilitates dealer-to-dealer trading for fixed-income markets,[7][8] and EBS, which provides foreign exchange spot trading.[9] In addition, CME Group operates CME Clearing, which serves as a counterparty to every cleared transaction, including both listed and OTC derivatives, within the company’s marketplace.[10][11] The company is headquartered in Chicago, Illinois,[2][3] and has offices in New York, Washington, and Houston in the U.S., as well as abroad in London, Singapore, Bangalore, Beijing, Belfast, Calgary, Hong Kong, Seoul, Singapore, and Tokyo.[12] Terrence A. Duffy serves as chairman and chief executive.[13] Mergers and acquisitions[edit]On October 17, 2006, the Chicago Mercantile Exchange announced a merger with its historical rival the Chicago Board of Trade in an $8 billion deal that would create the world's largest financial market.[14][15] The merger agreement was approved by shareholders of both companies on July 9, 2007,[16] and closed on July 12, 2007, after which shares in the Chicago Board of Trade were converted into CME shares as agreed, and the overarching holding company launched as CME Group.[17]Cite error: The On March 17, 2008, CME Group agreed to acquire New York Mercantile Exchange (NYMEX), owner of both the NYMEX exchange and the Commodity Exchange (COMEX), for $8.9 billion in cash and CME Group stock.[19][20]Cite error: The On February 10, 2010, CME Group agreed to purchase 90% of Dow Jones & Co.'s financial-indexes business, including the Dow Jones Industrial Average.[22][23] CME Group subsequently contributed Dow Jones Indexes to the formation of S&P Dow Jones Indices in exchange for a 24.4% ownership interest.[24][25] In April 2013, CME Group purchased the remaining 10% interest in Dow Jones Indexes for $80.0 million. As a result, CME Group's interest in S&P Dow Jones Indices increased from 24.4% to 27.0%.[26] On October 17, 2012, CME Group announced it would acquire the Kansas City Board of Trade for $126 Million in cash.[27][28] The deal meant that CME Group would control trading for all wheat products except hard red spring wheat.[28] On March 29, 2018, CME Group agreed to buy London-based NEX Group for $5.5 billion.[29][30] The acquisition was completed on November 2, 2018.[31][32] Awards and honors[edit]CME Group earned a score of 100% on the Human Rights Campaign's Corporate Equality Index in 2019,[33] 2020,[34] 2021,[35] and 2022.[36] CME Group was named to the Forbes Blockchain 50 list in 2021 and 2022.[37][38][39] References
|
I would also like to suggest cutting the Open outcry section, given that (a) this same content (almost word for word) already exists on the Chicago Mercantile Exchange article, and (b) open outcry is something that has historically occurred at exchanges like Chicago Mercantile Exchange. Given that CME Group is the parent company and not an exchange itself, it doesn't make sense to include that content here.
The reference to CME Span in the article introduction could also be removed, given that the section discussing that software was recently excised.
I have a conflict of interest as I work for CME Group, so I won't be making these changes myself. I am hoping, though, that editors can review what I've put together and provide feedback or simply implement these changes if they seem like an improvement. I realize that I've laid out a lot of changes above, so please do let me know if you have any concerns. My only goal here is to make the article more accurate and readable. Thanks. Lbischel (talk) 23:49, 20 March 2023 (UTC) Country20 (talk) 01:56, 18 April 2023 (UTC)We don't need info in WP about when shareholders approved the deal, what happened to the target company's stock, what the NY Times thought about the deal and when the deal was announced, if we already have the fact that it closed.
Proposed update draft
|
---|
Operations[edit]CME Group operates a global derivatives marketplace that allows institutions and individuals to trade futures and options based on interest rates, equity indexes, foreign exchange, energy, metals, and agricultural commodities.[1][2][3] The company runs an electronic trading platform, CME Globex, which allows customers in approximately 150 countries to trade futures and options contracts;[4][5][6] The company also operates two cash market businesses: BrokerTec, which facilitates dealer-to-dealer trading for fixed-income markets,[7][8] and EBS, which provides foreign exchange spot trading.[9] In addition, CME Group operates CME Clearing, which serves as a counterparty to every cleared transaction, including both listed and OTC derivatives, within the company’s marketplace.[10][11] The company is headquartered in Chicago, Illinois,[2][3] and has offices in New York, Washington, and Houston in the U.S., as well as abroad in London, Singapore, Bangalore, Beijing, Belfast, Calgary, Hong Kong, Seoul, Singapore, and Tokyo.[12] Terrence A. Duffy serves as chairman and chief executive.[13] Mergers and acquisitions[edit]On July 12, 2007, Chicago Mercantile Exchange completed a merger with its historical rival the Chicago Board of Trade in an $8 billion deal that created the world's largest financial market.[14][15][16] The overarching holding company then launched as CME Group.[17]Cite error: The On August 22, 2008, CME Group acquired New York Mercantile Exchange (NYMEX), owner of both the NYMEX exchange and the Commodity Exchange (COMEX), for $8.9 billion in cash and CME Group stock.[18]Cite error: The On February 10, 2010, CME Group agreed to purchase 90% of Dow Jones & Co.'s financial-indexes business, including the Dow Jones Industrial Average.[21][22] CME Group subsequently contributed Dow Jones Indexes to the formation of S&P Dow Jones Indices in exchange for a 24.4% ownership interest.[23][24] In April 2013, CME Group purchased the remaining 10% interest in Dow Jones Indexes for $80.0 million. As a result, CME Group's interest in S&P Dow Jones Indices increased from 24.4% to 27.0%.[25] On December 3, 2012, CME Group acquired the Kansas City Board of Trade for $126 Million in cash.[26][27] On November 2, 2018, CME Group acquired the London-based NEX Group for $5.5 billion.[28][29] Awards and honors[edit]CME Group earned a score of 100% on the Human Rights Campaign's Corporate Equality Index in 2019,[30] 2020,[31] 2021,[32] and 2022.[33] CME Group was named to the Forbes Blockchain 50 list in 2021 and 2022.[34][35][36] References
|
I agree that the open outcry and SPAN sections are out of place. The proposed changes look good to me. I'll be happy to take on a shot at cleaning this if no one else wants to. Cara Wellington (talk) 06:28, 26 April 2023 (UTC)
I've completed merging your proposed edits to the article. Cara Wellington (talk) 08:55, 22 May 2023 (UTC)
References
That same day, Sarao and his firm, Nav Sarao Futures Limited Plc, used "layering" and "spoofing" algorithms to trade thousands of futures S&P 500 E-mini contracts. The orders amounted to about $200 million worth of bets that the market would fall, a trade that represented between 20 percent and 29 percent of all sell orders at the time. The orders were then replaced or modified 19,000 times before being canceled in the afternoon.Cite error: The named reference "Brush" was defined multiple times with different content (see the help page).
As reflected in correspondence with both Sarao and [a futures commission merchant] he used, the CME observed that, between September 2008 and October 2009, Sarao had engaged in pre-opening activity-specifically, entering orders and then canceling them-that 'appeared to have a significant impact on the Indicative Opening Price.' The CME contacted Sarao about this activity in March 2009 and notified him, via correspondence dated May 6, 2010, that 'all orders entered on Globex during the pre-opening are expected to be entered in good faith for the purpose of executing bona fide transactions.' The CME provided a copy of the latter correspondence to Sarao's FCM, which suggested to Sarao in an email that he call the FCM's compliance department if he had any questions. In a responsive email dated May 25, 2010, Sarao wrote to his FCM that he had 'just called' the CME 'and told em to kiss my ass.'
![]() | This edit request by an editor with a conflict of interest has now been answered. |
Hello again, Wikipedia editors. I'm back with a very simple request: I'd appreciate it if editors could update the Key people section of the infobox to show that Lynne Fitzpatrick is now CFO, as John W. Pietrowicz has moved to a new role as special adviser. You can find a Form 8-K confirming this transition here, and coverage of the announcement in Reuters here. The Bloomberg profile of Ms. Fitzpatrick also reflects her CFO title.
I have a conflict of interest as I work for CME Group, so I won't be making this change myself. Please let me know if you have any questions. Thanks. Lbischel (talk) 15:44, 22 June 2023 (UTC)