Looking for another way to play rising interest rates besides buying banks? How about the world's largest futures exchange which handles over $3 trillion worth of interest rate derivatives contracts every day. created the world's largest market place for yield curve hedging by institutions and corporations when it bought the Chicago Board of Trade a few years ago. This brought 30-year Treasury bond and 10-year Treasury note futures under the same roof as CME's flagship interest rate product, Eurodollar futures.
CHICAGO (Reuters) - CME Group Inc Chief Executive Phupinder Gill on Friday denied that the exchange-operator changed its settlement rules to give electronic grain traders an advantage over veterans of the Chicago trading floor, who have sued the company, saying its new rules are killing their business.
By Frank Voisin: CME Group Inc (NASDAQ: CME) operates a derivatives clearinghouse as well as futures exchanges and other trading platforms covering all major asset classes. The company is the result of a 2007 merger between the Chicago Mercantile Exchange and the Chicago Board of Trade. One byproduct of this merger is that CME now operates the world’s largest futures exchange.
Nasdaq OMX Group (NDAQ) is a leading global exchange group that delivers trading, exchange technology, securities listing and public company services across six continents. It is the largest electronic screen-based market place for equity securities in the U.S.
NYSE Euronext (NYSE:NYX) is the world’s leading stock exchange in cash trading both in terms of volume and value and competes with Nasdaq (NASDAQ:NDAQ), Chicago Mercantile Exchange (NYSE:CME), Intercontinental Exchange, BATS Global and Direct Edge.