CME Group Inc.

CME Group Inc. is an American holding company and the parent of CME, CBOT and Nymex. It is the world's leading and most diverse derivatives marketplace with exchanges that offer the widest range of global benchmark products across all major asset classes, including derivatives based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals and weather, as well as clearing services for exchange traded and over-the-counter products. In the following part of the definition you'll learn more about gold and CME.

The corporation was formed in a 2007 merger of the Chicago Mercantile Exchange (CME) with the Chicago Board of Trade (CBOT). On March 17, 2008, CME Group announced it had acquired Nymex. CME Group’s trading runs largely on its electronic platform called Globex with local electronic access hubs around the world that provide trading almost 24 hours per day, six days per week. CME Group owns some financial indexes, such as S&P Dow Jones Indices, and a subsidiary in Europe, which is a London-based derivatives exchange.

CME Group determines the level of margins on gold futures. After hikes in February, 2016, the “initial” margin for speculators on the main 100-ounce gold contracts on the Comex division of the New York Mercantile Exchange rose to $4,950, while the “maintenance” margin for existing accounts increased to $4,500.

We encourage you to learn more about gold – not only how it is traded on CME Group Inc. exchanges, but also how to successfully use gold as an investment and how to profitably trade it. A great way to start is to sign up for our gold newsletter today. It's free and if you don't like it, you can easily unsubscribe.