CME (CME) Stock

CME Group has successfully converted around 42 trillion pesos (about $2 trillion) in open interest from 28-day TIIE swaps to F-TIIE overnight index swaps (OIS) as of November 22. This shift aims to enhance liquidity in the developing derivatives market. The new F-TIIE benchmark changes the way Banco de Mexico's rate is calculated, moving from a survey-based method to one that relies on overnight repo transactions, in line with global best practices.

CME has consistently provided excellent results for its shareholders in the past. The company has competitive strengths that lead to high profit margins. Additionally, CME is expected to gain from the uncertainty surrounding interest rates.

On November 20, 2024, CME Group, the top derivatives marketplace globally, reported a record open interest of 710,358 contracts in its Adjusted Interest Rate (AIR) Total Return futures, which is worth $224 billion. Furthermore, the average daily volume for these futures in 2024 has reached a new high of 11,600 contracts, marking a 152% increase compared to the previous year.

The LPGA and CME Group have announced that they will continue their sponsorship until 2027, following a successful 2024 season. The winner of the 2024 CME Group Tour Championship will receive a record prize of $4 million. This extension includes the CME Group Tour Championship and the ongoing Race to the CME Globe.

CME Group, a top derivatives marketplace, revealed plans to introduce Mortgage Rate futures in January 2025, subject to regulatory approval. This new offering will provide market participants with an effective tool to manage risks related to mortgage pipelines, servicing rights, and securities. Agha Mirza, the Global Head of Rates and OTC Products at CME Group, emphasized the significance of this development.

CME Group has announced that Lynne Fitzpatrick will become the new President and Chief Financial Officer, while Chief Operating Officer Julie Holzrichter will step down to take on an advisory position. Additionally, Suzanne Sprague will replace Holzrichter. The company's Board has also decided to extend Terry Duffy's contract as Chairman and CEO until December 31, 2026.

CME Group announced its market statistics for October 2024, showing an average daily volume (ADV) of 24.3 million contracts, making it the second-highest volume recorded for October. This month also saw all-time highs in ADV for U.S. Treasury options and energy options. For more detailed statistics, you can visit their website.

On October 29, 2024, CME Group, a top derivatives marketplace, announced that it has been granted approval by the National Futures Association (NFA) to create a futures commission merchant (FCM). Terry Duffy, the Chairman and CEO of CME Group, expressed his satisfaction with the NFA's decision on their FCM application.

On October 29, 2024, CME Group, the top derivatives marketplace globally, announced the launch of its new Spodumene CIF China (Fastmarkets) futures, which are now open for trading. On the first day, 29 contracts were traded, with several companies participating, including JA Commodities (Zhejiang) Ltd, Mitsubishi Corporation RTM International Pte Ltd, Wogen Resources Limited, and Wooray Commodities Pte Ltd.