Loading...
Docoh

CME (CME)

As the world's leading and most diverse derivatives marketplace, CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data - empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equityindexes, foreign exchange, energy, agricultural products and metals.The company offers futures and options on futures trading through the CMEGlobex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

Company profile

Ticker
CME
Exchange
CEO
Terrence Duffy
Employees
Incorporated
Location
Fiscal year end
Former names
CHICAGO MERCANTILE EXCHANGE HOLDINGS INC
SEC CIK
Subsidiaries
Abide Financial DRSP Limited • Abide Financial Ltd • Abide Financial Repository Limited • Astley & Pearce Limited • Board of Trade of the City of Chicago, Inc. • BrokerTec Americas LLC • BrokerTec Europe Limited • BrokerTec Holdings Inc. • Capital Shipbrokers Limited • Capital Shipbroking Limited ...
IRS number
364459170

CME stock data

Calendar

3 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 140.32B 140.32B 140.32B 140.32B 140.32B 140.32B
Cash burn (monthly) 9.82B 175.29M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 29.01B 517.54M n/a n/a n/a n/a
Cash remaining 111.31B 139.8B n/a n/a n/a n/a
Runway (months of cash) 11.3 797.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Sep 22 Timothy Francis McCourt Common Stock Class A Sell Dispose S No Yes 189.29 97 18.36K 5,334
16 Sep 22 Julie Holzrichter Common Stock Class A Payment of exercise Dispose F No No 191.56 352 67.43K 37,990
16 Sep 22 Pietrowicz John W. Common Stock Class A Payment of exercise Dispose F No No 191.56 387 74.13K 55,238
16 Sep 22 Lynne Fitzpatrick Common Stock Class A Payment of exercise Dispose F No No 191.56 75 14.37K 11,606
15 Sep 22 Julie Holzrichter Common Stock Class A Grant Acquire A No No 0 4,128 0 38,342
15 Sep 22 Julie Holzrichter Common Stock Class A Payment of exercise Dispose F No No 190.77 870 165.97K 34,214
15 Sep 22 Duffy Terrence A Common Stock Class A Payment of exercise Dispose F No No 190.77 2,514 479.6K 116,076
15 Sep 22 Duffy Terrence A Common Stock Class A Grant Acquire A No No 0 31,452 0 118,590
15 Sep 22 Pietrowicz John W. Common Stock Class A Grant Acquire A No No 0 4,716 0 55,625
15 Sep 22 Pietrowicz John W. Common Stock Class A Payment of exercise Dispose F No No 190.77 958 182.76K 50,909
84.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1102 1131 -2.6%
Opened positions 92 122 -24.6%
Closed positions 121 94 +28.7%
Increased positions 448 439 +2.1%
Reduced positions 366 367 -0.3%
13F shares Current Prev Q Change
Total value 62.36B 73.39B -15.0%
Total shares 304.49M 308.37M -1.3%
Total puts 1.53M 1.6M -4.0%
Total calls 1.26M 1.8M -29.9%
Total put/call ratio 1.2 0.9 +36.9%
Largest owners Shares Value Change
Capital World Investors 33.08M $6.77B +0.0%
Vanguard 32.34M $6.62B +1.5%
BLK Blackrock 24.55M $5.02B +1.2%
STT State Street 15.67M $3.21B -6.6%
Capital International Investors 14.75M $3.02B +3.2%
Edgewood Management 6.99M $1.43B -25.2%
BK Bank Of New York Mellon 6.88M $1.41B +6.4%
Geode Capital Management 6.75M $1.38B +4.1%
JPM JPMorgan Chase & Co. 6.63M $1.36B -11.1%
Capital Research Global Investors 6.6M $1.35B -15.9%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 4.39M -3.41M -43.7%
Edgewood Management 6.99M -2.35M -25.2%
Parametric Portfolio Associates 0 -1.4M EXIT
Wellington Management 1.42M +1.37M +2620.2%
MS Morgan Stanley 2.58M +1.3M +101.5%
Capital Research Global Investors 6.6M -1.24M -15.9%
STT State Street 15.67M -1.12M -6.6%
JPM JPMorgan Chase & Co. 6.63M -824.01K -11.1%
Renaissance Technologies 854.29K +577.7K +208.9%
Arrowstreet Capital, Limited Partnership 14.34K -530.61K -97.4%

Financial report summary

?
Risks
  • Our business is subject to the impact of global market, economic and political conditions that are beyond our control and that could significantly impact our business and make our financial results more volatile.
  • We operate in a heavily regulated environment that imposes significant costs and competitive burdens on our business, and our failure to maintain compliance with regulations, our status as a regulated entity, or BrokerTec Americas' status as a member in good standing at FICC, could result in the loss of customers.
  • Some of CME Clearing's largest clearing firms have indicated their belief that clearing facilities should not be owned or controlled by exchanges and should be operated as utilities and not for profit. These clearing firms have sought, and may seek in the future, legislative or regulatory changes that would, if adopted, enable them to use alternative clearing services for positions established on our exchanges or to freely move open positions among clearing houses in order to take advantage of our liquidity. Even if they are not successful, these factors may cause them to limit the use of our markets.
  • Our trading volume, and consequently our revenues and profits, would be adversely affected if we are unable to retain our current customers at substantially similar trading levels or attract new customers.
  • Our role in the global marketplace places us at greater risk than other public companies for a cyber attack and other cyber-security risks. Our technology, our people and those of our third-party service providers, and our customers may be vulnerable to cyber-security threats, which could result in wrongful use of our data or our customers’ data or cause interruptions in our operations that cause us to lose customers and trading volume and result in substantial liabilities. We also could be required to incur significant expense to protect our systems and/or investigate any alleged attack.
  • As a financial services provider, we are subject to significant litigation risk and regulatory liability and penalties.
  • We may be at greater risk from terrorism, which poses physical security risks and cyber-security risks, than other companies.
  • Damage to our reputation or brand could harm our business.
  • The success of our markets depends on our ability to complete development of, successfully implement and maintain the electronic trading and clearing systems that have the functionality, performance, availability and resilience, capacity, security and speed required by our customers.
  • If we experience systems failures or capacity constraints, our ability to conduct our operations and execute our business strategy could be materially harmed and we could be subjected to significant costs and liabilities.
  • We, as well as many of our customers, depend on third-party suppliers and service providers for a number of services that are important. An interruption or cessation of an important supply or service by any third party could have a material adverse effect on our business, including revenues derived from our customers' trading activity.
  • Our business exposes us to substantial credit risk of our clearing firms and other counterparties and, consequently, a decrease in their financial resources could adversely affect us.
  • Our Three-Month Eurodollar futures and options contracts are based on the three-month U.S. Dollar London Interbank Offered Rate (LIBOR) underlying rate. To the extent trading in Eurodollar contracts decreases or is discontinued and our alternative contracts are not successful, our revenues would be negatively impacted. Certain of our other businesses could also be negatively affected by changes to LIBOR.
  • Our market data revenues may be reduced by decreased demand, poor overall economic conditions, regulatory changes or a significant change in how market participants trade and use market data.
  • We may have difficulty executing our growth strategy and maintaining our growth effectively.
  • We intend to continue to explore acquisitions, other investments and strategic alliances. We may not be successful in identifying opportunities or in integrating the acquired businesses. Any such transaction may not produce the results we anticipate, which could adversely affect our business and our stock price.
  • The expansion of our global operations is complex and subjects us to increased business and economic risks that could adversely affect our financial results.
  • Our risk management, compliance and monitoring programs might not be effective and may result in outcomes that could adversely affect our reputation, financial condition and operating results.
  • We could be harmed by misconduct or errors that are difficult to detect and deter.
  • Intellectual property rights licensed from third-party price reporting agencies form the basis for many of our products from which we derive a significant portion of our volume and revenue. Material changes in the intellectual property landscape or regulatory framework pertaining to such benchmarks could have a negative impact on our ability to offer such products.
  • A failure to protect our intellectual property rights, or allegations that we have infringed the intellectual property rights of others, could adversely affect our business.
  • Our indebtedness could adversely affect our financial condition and operations and prevent us from fulfilling our debt service obligations. We might still be able to incur more debt, intensifying these risks.
  • Any reduction in our credit rating could increase the cost of our funding from the capital markets.
  • Our average rate per contract for our derivatives business is subject to fluctuation due to a number of factors. As a result, our average rate per contract in any particular period may not be a reliable indication of our future average rate per contract.
  • Ten of our board members own trading rights, or are officers or directors of firms that own trading rights, on our derivatives exchanges. As members, these individuals may have interests that differ from or conflict with those of shareholders who are not also members. Our dependence on the trading and clearing activities of our exchange members, combined with the CME members' rights to elect six directors, may enable them to exert substantial influence over the operation of our business.
  • Our members have been granted special rights, which protect their trading privileges and require that we maintain open outcry for options products still meeting certain volume thresholds and, in the case of our Class B shareholders, provide them with special board representation.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: acquisition, Committee, conflict, encourage, ownership, point, world
Removed: corn, exhibited, oil, resulted, soybean