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The Merc commonly refers to Chicago Mercantile Exchange (CME). The Merc facilitates trading and exchange of tangible commodities futures, financial futures, and foreign currency futures. The Merc also enables the trading of futures on options and other flux hedging financial instruments. A non-profit organization, the Merc was founded in Chicago in eighteen ninety eight. At the time of its inception the Merc was called the Butter and Egg Board. In later years the Merc became the first publicly traded financial exchange in the United States. Today the Chicago based Merc is one of the largest futures exchanges in the world. In its size, scope, and capacity the Merc is second only to the New York Mercantile Exchange (NYMEX), which is considered the world’s largest physical commodity futures trading ground. |
