CME
Group
Merger of Chicago
Board of Trade and Mercantile Exchange.
Headquarters:
20 South Wacker Dr.
Chicago, IL 60606
Employees: 2,000
CEO: Craig Donahue
Stock Symbol: CME
Website:
http://www.cmegroup.com
Career Site
CME Group was formed by the 2007 merger
of the Chicago Mercantile Exchange (CME) and the Chicago Board
of Trade (CBOT). It provides the widest range of benchmark futures
and options products available on any exchange, covering all
major asset classes.
CME Group offers futures and options based
on interest rates, equity indexes, foreign exchange, commodities,
energy, and alternative investment products such as weather and
real estate. Three quarters of trading volume comes from trades
made electronically on the CME Globex electronic trading platform.
The company serves customers around the
world with a global product line, virtually around-the-clock
electronic trading and strategic alliances with other exchanges.
Customers from more than 80 countries trade CME products.
In 2007, CME Group reported nearly 2.8
billion contracts traded and over 10 million per day.
Total revenues for 2007 were $1.8 billion
and net income was $659 million.
Benefits
Employees participate in a competitive
benefits program, and their eligible dependents (including same
or opposite sex domestic partners) can also be covered. For health
care benefits, HMO and PPO options are provided. Dental care
benefits are provided as PPO options.
Short-term and long-term disability insurance
is provided to all employees, as is life insurance. In addition,
employees can elect to participate in flexible spending accounts
and long-term care insurance.
Retirement benefits are offered in both
a 401(k) plan and a company-based pension plan. Employees can
contribute up to 55 percent of their base pay to their 401(k),
and CME Group matches those contributions up to a maximum of
3 percent of base pay. CME Group also contributes to employees'
pension accounts with compensation-based credits (based on age
and salary) and interest credits. Various vesting schedules apply
under the plans.
Employees are also eligible for our annual
incentive programs, where bonuses are paid based on the company's
achievement of its financial goals and the individual's achievement
of his or her individual goals for the year. Our Excellence Awards
program also provides spot bonuses to employees who show outstanding
dedication to our customers.
The CME Group Equity Program provides a
one-time grant of stock options to all employees with three years
of service. Corporate Officers receive annual grants of stock
options and non-officers are eligible for annual discretionary
awards. And, employees can elect to purchase CME Group stock
at a discount through our Employee Stock Purchase Program.
CME Group also recognizes that having children
is an important part of our employees' lives, and we have special
benefit programs to serve those needs. Employees who have a new
baby are provided with two weeks of parental leave within the
first six months of the birth or adoption, in addition to FMLA
leave. CME Group provides adoption assistance benefits to help
parents defray the cost of adopting a child.
All employees accrue vacation time. CME
Group recognizes nine holidays per year, and employees are generally
eligible for three additional personal days. In the summer months,
many of our divisions also are able to implement a summer hours
program to provide greater work/life balance.
Our employee assistance program provides
confidential counseling sessions to discuss a range of personal
and family issues, including legal counseling and child/elder
care issues.
LifeWorks is another service that provides
employees and their families with around-the-clock information
regarding child care resource referrals and education information,
among other services, on the Internet or by calling a toll-free
number. We also offer a number of onsite health and wellness
programs including massage appointments, yoga classes, wellness
screenings and Weight Watchers at Work.
Updated June 2, 2008
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