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CME Group: The House Always Wins - [Business Breakdowns, EP.224]

Business Breakdowns

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The Evolution of Exchanges: CME and Risk Management

This chapter presents a comprehensive overview of the exchange business, focusing on the Chicago Mercantile Exchange's (CME) pivotal role in facilitating transactions and ensuring market stability. It traces the historical evolution of CME, highlighting the impact of innovations like standardized futures contracts on risk management and liquidity. The discussion further examines the significance of clearinghouses in mitigating counterparty risk, emphasizing the regulatory frameworks and operational practices essential for the successful functioning of exchanges.

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