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New high on CME group, owner of CBOT

s4nys4ny Posts: 1,569 ✭✭✭
in Precious Metals
The collapse in precious metals has not hurt their primary commodities exchange. The CME group
common stock made a new high today, up over 50% for the year.

Comments

  • daOnlyBGdaOnlyBG Posts: 1,060 ✭✭
    CME doesn't really invest.
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  • s4nys4ny Posts: 1,569 ✭✭✭


    << <i>CME doesn't really invest. >>



    Correct, I only pointed out the CME stock performance because there were a lot of comments when gold first broke down in April
    that somehow the commodity exchanges were in trouble or going to fail. It made no sense then and obviously the
    commodity exchange business is doing very well.

    There were numerous comments about margin calls, speculators wiped out, etc, and I pointed out
    that the CBOT (division of CME) protects itself by closely monitoring the NET positions of its member firms.
  • vprvpr Posts: 606 ✭✭✭
    Volumes in interest rate products are going through the roof because big institutions are rushing to hedge interest rate risk. That's why the stock has been going up. Metals trading is a small small part of CME.
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