CME Group enables clients to trade futures, options, cash, and over-the-counter (OTC) products, optimize portfolios, and analyze data. The company provides primary price discovery and referential pricing information through its market data in a variety of formats. CME Group also offers industry-leading research and analytics tools and operates one of the world's leading central counterparty clearing providers.

CME Group exchanges offer a wide range of global benchmark products across interest rates, equity indexes, foreign exchange (FX), agricultural commodities, energy and metals. The company also offers cash and repo fixed income trading via BrokerTec, and cash and OTC FX trading via EBS.

• Employees: 3,565 (as of December 31, 2023)
• Geographic Footprint: Australia, Brazil, Canada, China, France, Hong Kong, India, Japan, Mexico, Netherlands, Singapore, South Korea, Sweden, Switzerland and the U.K.
• Headquarters: Chicago, Illinois
• Founded: 1898
• Number of locations/facilities: Multiple offices and data centers globally
• Revenue: $5.578 billion (FY2023)
• Key Subsidiaries/Brands: CME, CBOT, NYMEX, COMEX, BrokerTec, EBS, OSTTRA

• CEO: Terrence A. Duffy
• CFO: Lynne Fitzpatrick
• Chief Information Officer: Sunil Cutinho
• Chief Operating Officer: Julie Holzrichter
• General Counsel: Jonathan Marcus
• Board Chair: Terrence A. Duffy

Key leaders have extensive experience in the financial and technology sectors.

• Annual Revenue: $5.578 billion (FY2023)
• Net Income: $3.226 billion
• Total Assets: $129.7 billion
• Employees: 3,565 (as of December 31, 2023)
• Key Financial Highlights: Record average daily volume of 24.4 million contracts in 2023.

CME Group offers a wide array of products and services including:

• Derivatives Exchange: Futures and options contracts across various asset classes.
• CME Clearing: Clearing and settlement services for exchange-traded and OTC derivatives.
• Cash Markets: Fixed income trading via BrokerTec and FX trading via EBS.
• Market Data: Proprietary real-time and historical market data.

CME Group operates primarily through its derivatives exchange and clearing house. The company also has cash markets and market data businesses. Revenue breakdown by segment is not explicitly provided in the 10-K.

CME Group's strategy focuses on maximizing futures and options growth globally, diversifying its business and revenues, and delivering unparalleled customer efficiencies and operational excellence. Key initiatives include expanding its global customer base, launching new products and services, and leveraging cloud technology.

• Expanding and scaling core offerings
• Increasing participation from non-U.S. customers
• Strengthening existing product and service offerings
• Securing intellectual property rights
• Deepening open interest in core futures and options offerings

CME Group operates in a highly competitive global financial services industry. Key competitors include exchanges such as ICE, CBOE, and Euronext. The company also faces competition from new entrants, alternative trading venues, and technology firms. The market is influenced by regulatory reforms, technological advancements, and economic conditions.

• Market Position: A leading global derivatives marketplace.
• Key Competitors: Intercontinental Exchange (ICE), Chicago Board Options Exchange (CBOE), Euronext N.V., Hong Kong Exchanges and Clearing Limited, Deutsche Börse AG, among others.
• Industry Trends: Increasing competition, rapid technological developments, and evolving regulatory landscape.

• Market Risks: Global market, economic, and political conditions can significantly impact trading volumes.
• Regulatory Risks: Extensive regulation in the U.S., U.K., and E.U. could impose significant costs and competitive burdens.
• Operational Risks: Dependence on technology and third-party providers, susceptibility to cyber-attacks, and potential for system failures.
• Competitive Risks: Intense competition from other exchanges and alternative trading platforms.
• Credit Risks: Exposure to credit risk of clearing firms and other counterparties.