CME Group Ends In-Person Trade, Successfully Launches Micro Bitcoin Futures
CME Group Inc (NASDAQ:CME) announced an end to most open outcry trading pits while honing in on emerging markets with new products like Micro Bitcoin futures. What Happened: Founded in 1848, CME Group is an exchange that builds markets around derivatives like futures, or agreements to buy and sell assets at a particular price and time in the future. The company has a long-standing history, offering global benchmark products based on interest rates, equity indices, foreign exchange, and commodities. In addition to building products, CME also facilitates and clears trades through its clearingho...