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CME Group Inc. (CME)

  • Mon, May 18, 8:45 AM
    • Physically-delivered Zinc futures will begin trading at the CME on June 29. They'll be priced in dollars and each contract will represent 25 metric tons of physical metal.
    • Source: Press Release
    | Mon, May 18, 8:45 AM | 1 Comment
  • Mon, May 4, 7:48 AM
    • CME Group April average volume of 11.5M contracts per day fell 6% from last year.
    • Interest rate volume of 5.1M contracts per day fell 14%. Eurodollar volume of 1.8M contracts down 18%. Treasury volume of 2M contracts down 17%.
    • Forex volume of 838K contracts per day up 50%.
    • Energy volume of 1.8M contracts per day up 23%.
    • Ag volume of 1.3M contracts per day up 11%.
    • Source: Press Release
    | Mon, May 4, 7:48 AM | Comment!
  • Thu, Apr. 30, 7:12 AM
    • Q1 income of $330.4M or $0.98 per share vs. $266.8M and $0.79 one year ago.
    • Average daily volume of 15M contracts up 10% from one year ago. Clearing and transaction revenue of $708.2M up 9%. Market data revenue of $98M up 10%.
    • Total average rate per contract of $0.753 vs. $0.731 in Q4, driven by more action in commodities, which have higher average fees.
    • Conference call at 8:30 ET
    • Previously: CME beats by $0.03, beats on revenue (April 30)
    • CME flat premarket
    | Thu, Apr. 30, 7:12 AM | Comment!
  • Thu, Apr. 30, 7:04 AM
    • CME (NASDAQ:CME): Q1 EPS of $0.98 beats by $0.03.
    • Revenue of $843M (+8.4% Y/Y) beats by $4.88M.
    • Press Release
    | Thu, Apr. 30, 7:04 AM | Comment!
  • Wed, Apr. 29, 5:30 PM
  • Mon, Apr. 27, 10:45 AM
    • Volumes at CME Group (CME -0.2%) are tracking down 13% year-over-year and down 32% from a busy Q1, says Credit Suisse, cutting the price target on the Neutral-rated stock to $88 from $95. "We believe a pushback in market expectations for the timing of the first Fed Funds hike has dampened volatility and driven volumes lower."
    • On the positive side, energy activity remains busy, but energy isn't nearly the driver of business at CME interest rates are.
    • The team cuts its EPS estimates for 2015, 2016, and 2017, respectively to $3.65, $4.00, and $4.20 from $3.69, $4.10, and $4.25.
    • Source: Benzinga
    | Mon, Apr. 27, 10:45 AM | Comment!
  • Wed, Apr. 22, 4:49 PM
    • Responding to the arrest of a U.K.-based punter whom authorities accuse of causing 2010's "flash crash" with "layering" and "spoofing" algorithms, CME Group reiterates its long-held belief that activity in its markets were not behind the panic decline.
    • "If new information has come to light, we look forward to reviewing it with the Commission.  We fully support the CFTC's actions to prosecute those who attempt to engage in fraud or manipulation."
    • Source: Press Release
    | Wed, Apr. 22, 4:49 PM | 1 Comment
  • Thu, Apr. 2, 7:44 AM
    • CME Group March volume of 13.7M contracts per day slipped 3% from a year ago.
    • Interest rate volume of 6.5M contracts fell 8%, with eurodollar volume of 2.6M contracts off 6% and Treasury volume of 2.4M contracts off13%.
    • Q1 volume averaging 15M contracts per day gained 10% from a year ago, and was the 2nd-highest quarterly volume on record.
    • Source: Press Release
    | Thu, Apr. 2, 7:44 AM | Comment!
  • Tue, Mar. 24, 2:45 PM
    • Hoping to challenge Euronext's dominance in EU wheat futures by launching its own contract by the end of April, CME Group (CME -0.8%) can't yet confirm whether it's moving forward.
    • At issue is CME's inability to guarantee enough deliverable capacity after failing to ink deals with local suppliers.
    • "If for whatever reasons the parties that we are speaking to decide not to move forward ... we would not be making the contract available," says CME's Eric Hasham, speaking at a cereals conference in Geneva.
    • The contract would be listed in Chicago, but priced based on delivery to the port of Rouen in France. "The biggest problem is asking people to sign (up to) a different legal system," says Hasham, who says no one has yet signed with CME to be a delivery point yet.
    • "It does not look good. Until last month they said they would launch it in April and now they don't even have a single silo," says one operator.
    • Source: Reuters
    | Tue, Mar. 24, 2:45 PM | Comment!
  • Mon, Mar. 23, 8:19 AM
    • On that date, both CME Group (NASDAQ:CME) and Intercontinental Exchange (NYSE:ICE) will launch new euro-denominated cocoa contracts, with the winner responsible for a key benchmark affecting the price of the chocolate bar, not to mention incomes for millions of cocoa farmers.
    • Cocoa is already traded in New York and London with contracts controlled by ICE, but CME's first entry into the softs could pave the way to challenge other ICE-dominated markets like sugar and coffee.
    • The winner in the cocoa war, says one trader, will ultimately be the large chocolate end users like Nestle, Mondelez, and Mars.
    • Source: FT
    | Mon, Mar. 23, 8:19 AM | Comment!
  • Tue, Mar. 17, 3:24 PM
    • CME Group (CME -0.3%) has held talks with BGC Partners (BGCP -0.6%) about buying GFI Group's trading-software units - Trayport and Fenics - after BGC won out over CME and GFI management in a bid for the company.
    • Talks are in the early stages, and the assets could be valued at more than $600M, say sources.
    • Trayport operates a system popular with commodities traders in Europe, while Fenics is for currency options.
    | Tue, Mar. 17, 3:24 PM | 4 Comments
  • Tue, Mar. 10, 3:26 PM
    • CME Group (CME -0.9%) signs a LOI with the Taiwan Futures Exchange regarding the potential listing on TAIFEX of U.S. equity index futures, and the exploration of more collaboration opportunities.
    • CME President Terry Duffy notes strong growth in Asia, with volumes in Q4 up 51% from a year earlier.
    • Previously: CME Group looks to boost Asian business with new appointment (March 9)
    | Tue, Mar. 10, 3:26 PM | Comment!
  • Mon, Mar. 9, 8:08 AM
    • Christopher Fix has been named as Managing Director and Head of Asia Pacific at CME Group. He'll be based in Singapore and in charge of leading the company's efforts to develop benchmark products and services for that region.
    • He was previously CEO at the Dubai Mercantile Exchange (a JV in which CME is a part of), and is now chairman of that group.
    • Head of International at CME William Knottenbelt notes the company generates 30% of its revenue from outside the U.S..
    • Source: Press Release
    | Mon, Mar. 9, 8:08 AM | Comment!
  • Wed, Mar. 4, 3:48 PM
    • The 10-year paper carries a coupon of 3%, and CME Group will use the net proceeds to pay off $612.5M of 4.4% notes due in three years.
    • Source: Press release
    | Wed, Mar. 4, 3:48 PM | Comment!
  • Tue, Mar. 3, 7:43 AM
    • February volume of 15.8M contacts per day was up 13% from a year ago, and was the strongest February ever.
    • Interest rate group volume of 8.7M contracts per day gained 27% Y/Y, with Eurodollar volume of 2.8M up 38%.
    • Source: Press Release
    • CME flat premarket
    | Tue, Mar. 3, 7:43 AM | Comment!
  • Wed, Feb. 18, 10:48 AM
    • Impressed with CME Group's (CME -0.1%) presentation at its financial services conference last week, Credit Suisse boosts its Q1 EPS estimate to $0.96 from $0.93, and full-year 2015 to $3.71 from $3.70. 2016 and 2017 estimates are unchanged at $4.10/$4.25.
    • Presentation webcast
    • The $95 price target (from $90) implies a 23 multiple on CS's 2016 estimate. With the stock at $94.14, however, CME garners just a Neutral rating from the team. "While we appreciate CME's diverse product set, best-in-class distribution/clearing platforms and strong free cash flow generation prospects, we see more balanced risk/reward at current valuations."
    | Wed, Feb. 18, 10:48 AM | Comment!
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Company Description
CME Group Inc, through its futures exchanges & clearing houses, serves the risk management & investment needs of customers. It offers products like futures & options, foreign exchange, energy, agricultural commodities, weather derivatives & real estate.