With all the hype surrounding cryptocurrencies, it's easy to forget that CME Group (CME) does a lot more than trading Bitcoin futures. The derivatives marketplace handles 3 billion contracts worth approximately $1 quadrillion annually.
Even more interestedly for your neighborhood market history buff, the group was instrumental in the development of futures trading. According to the group's website, it created the first futures trading exchange in Chicago way back in 1848.
Though times have changes since corn and pork belly were the hot commodities CME oversaw and helped launch futures trading's evolution into the digital age with the CME Globex platform.
With trading innovation clearly always on the group's mind, now the question is, what's next for CME?
Citi overcame a mixed print to send its stock surging on Monday.
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