A substantial insider sell was reported on May 1, by Terrence A Duffy, Chairman and CEO at CME Gr (NASDAQ:CME), based on the recent SEC filing.
What Happened: Duffy opted to sell 40,000 shares of CME Gr, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction's total worth stands at $8,436,496.
As of Thursday morning, CME Gr shares are down by 0.36%, currently priced at $207.33.
Unveiling the Story Behind CME Gr
Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The CME was founded in 1898 and in 2002 completed its initial public offering. Since then, CME Group has consolidated parts of the industry by merging with crosstown rival, CBOT Holdings in 2007 before acquiring Nymex Holdings in 2008 and NEX in 2018. In addition, the company has a 27% stake in S&P Dow Jones Indices, making the Chicago Mercantile Exchange the exclusive venue to trade and clear S&P futures contracts. Through CME's acquisition of NEX in 2018, it has also expanded into cash foreign exchange, fixed income trading, and collateral optimization.
Breaking Down CME Gr's Financial Performance
Revenue ...