CHICAGO MERCANTILE EXCHANGE (C.M.E.)

A not-for-profit corporation owned by its members. Its primary functions are to provide a location for trading futures and options , collect and disseminate market information, maintain a clearing mechanism and enforce trading rules. Applies to derivative products. A locale where the trading of futures ( O.T.C. 250 industrial stock price index, S& P 100 and 500 index) and futures options ( S&P 500 stock index ) is predominant.