CME - Timothy S Bitsberger Takes a Bullish Stance: Acquires $145K In CME Gr Stock | Benzinga
A notable insider purchase on June 27, was reported by Timothy S Bitsberger, Board Member at CME Gr (NASDAQ:CME), based on the most recent SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Bitsberger purchased 748 shares of CME Gr, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $145,186.
At Thursday morning, CME Gr shares are up by 0.22%, trading at $195.63.
All You Need to Know About 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 ...