The Chicago Mercantile Exchange Group (CME Group) is a global marketplace for trading various financial instruments, including futures and options. It was formed in 2007 through the merger of the Chicago Mercantile Exchange and the Chicago Board of Trade. The CME Group provides a platform for traders to buy and sell contracts based on commodities, interest rates, stock indices, and foreign exchange. As one of the largest derivatives exchanges in the world, the CME Group plays a crucial role in price discovery and risk management. It offers a wide range of products that cater to different market participants, including individual traders, institutions, and corporations. The exchange operates electronically and has a physical trading floor in Chicago.