The financial acronym CME stands for the Chicago Mercantile Exchange. Now known as the CME Group, it is the largest futures exchange in the world.
For example, having merged with the Chicago Board of Trade in 2007, the CME combined forces with its former rival. In 2008, the CME Group acquired NYMEX holdings, the owner of the New York Mercantile Exchange. With those two acquisitions, the CME Group presently handles over 90 percent of all futures traded in the United States. The conglomerate also has electronic trading platforms for round the clock trading and also offers other services such as clearing trades and trade executions. The CME Group hosts the principal futures markets in a number of key commodities including: crude oil, gold and a variety of other products.