CME - Smart Money Move: Patrick W Maloney Grabs $145K Worth Of CME Gr Stock | Benzinga
In a recent SEC filing, it was revealed that Patrick W Maloney, Board Member at CME Gr (NASDAQ:CME), made a noteworthy insider purchase on June 27,.
What Happened: Maloney's recent purchase of 748 shares of CME Gr, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, reflects confidence in the company's potential. The total transaction value is $145,186.
The latest update on Thursday morning shows CME Gr shares up by 0.22%, trading at $195.63.
Get to Know CME Gr Better
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.