Chicago Mercantile Exchange (CME) |
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Deutsche Boerse AG and SWX Swiss Exchange |
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IntercontinentalExchage (ICE) |
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Montreal Exchange |
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Osaka Securities Exchange Co., Ltd. |
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Sydney Futures Exchange |
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U.S. Exchange Holdings, Inc. |
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Description of Services
Products Traded
Market Data Services
Pricing Structure
Future Plans
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 As a leader in electronically traded derivatives products, CME customers are able to access the widest array of benchmark futures and options contracts via the CME Globex electronic trading platform. Trading on CME Globex is available on a single platform, 24 hours a day - more than any other exchange in the world. Customers can access the CME Globex trading platform through 740 direct connections in 27 countries around the world. |  Eurex is the world's largest futures and options exchange and features open, democratic, low-cost electronic access worldwide. Eurex offers a range of international benchmark products and operates the most-liquid fixed-income markets in the world. Trading volume at Eurex exceeded 630 million contracts in the first half of 2005. Using Eurex Clearing, participants benefit from a high-quality, comprehensive trading and clearing service via a single system. |  IntercontinentalExchange (ICE) operates the leading electronic global futures and OTC marketplace for trading an array of energy commodity contracts on its Internet-based trading platform. These contracts include oil, natural gas and power. ICE conducts its markets for futures trading through its subsidiary, the International Petroleum Exchange. ICE also offers services to support the broader trading and risk management infrastructure, including cleared OTC products, electronic trade confirmations and market data. |  The Canadian financial futures and options market. Approved direct access participants connect through Montreal, Toronto, New York, Chicago and London. Most major ISV's certified, offering MMTP and FIX gateways. |  Auction trading (with limit & market orders), intermonth spread trading, large block cross trading |  24 hour computerised system |  Eurex US is a fully electronic U.S.-based futures and options exchange offering equal, open access to a broad range of interest rate, equity index and foreign exchange products. Launched in 2004, Eurex US offers 23-hour trading in Russell 1000 and Russell 2000 Index futures, U.S. Treasury notes and bonds futures, and foreign-exchange futures. Eurex US' goal is to provide transparent, liquid contract markets for each of its customers to utilize for risk management, price discovery and investment purposes. | |
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 CME offers 36 individual FX futures and 23 options on futures products, the majority of which trade electronically on the exchange's CME Globex platform. The cornerstone of the CME interest rate product line is CME Eurodollar futures, the world's most actively traded futures contract. CME is the dominant marketplace for equity derivatives trading, with more than 90 percent of all U.S. stock index futures and options listed at our exchange. |  There are four major product segments listed: Fixed-Income Derivatives, Equity Index Derivatives, Equity Derivatives and Exchange-Traded Fund Derivatives. Major listed contracts are futures and options on futures on German government debt Euro-Bund-Future, Euro-Bobl-Future and Euro-Schatz-Future. Futures and options on futures on the DAX, MDAX, TecDAX, Dow Jones Euro STOXX 50 and SMI indexes. Individual Equity options on German, French, Dutch, Italian, Nordic and U.S.; and others. |  IPE Brent Crude Futures and Options; IPE Gas Oil Futures and Options; IPE ECX Carbon Financial Instruments; ICE OTC contracts covering oil, natural gas and power. |  BAX - futures on short term Canadian interest rates; OBX - options on BAX; CGZ - 2 year Government of Canada bond future; CGB - 10 year Government of Canada bond future; SXF - S&P/TSX60 index future - large cap Canadian stock index; Options listed on all major Canadian stocks |  Nikkei 225 Futures & Options contracts Nikkei 300 Futures & Options contracts RN Prime Index Futures contracts Equity Options contracts etc. |  SFE 3 Year Australian Treasury Bond Futures SFE 10 Year Australian Treasury Bond Futures SFE 90 Day Australian Bank Bill Futures SFE SPI 200 Equity Index Futures SFE 30 day Interbank Cash Rate Futures |  Eurex US offers access to benchmark USD-denominated derivatives products on the U.S. yield curve. The range of fixed-income futures and options on futures available includes: "Jumbo" 2-, 3-, 5- and 10-Year U.S. Treasury Note Futures; 30-Year U.S. Treasury Bond Futures; Option on "Jumbo" 2-, 3-, 5- and 10-Year U.S. Treasury Note Futures; Option on 30-Year U.S. Treasury Bond Futures. The Exchange recently launched trading in U.S. equity index futures. | |
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 Streaming quotes with limit order book; Streaming quotes with auto-quoting; Request for quote. |  Streaming quotes with auto-quoting; Request for quote |  N/A |  Streaming quotes with limit order book |  Streaming quotes (3 best bids/asks & size of orders) |  Streaming quotes with auto-quoting |  Streaming quotes with auto-quoting; Request for quote. | |
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 CME offers membership in a variety of divisions and levels, each designating product access availability per membership, including individual membership, clearing membership or a firm/corporate membership. | |  N/A |  Client $0.82 Cad; Approved Participant $0.33 Cad; Liquidity Provider $0.21 Cad with volume rebates |  Cash Trading + Futures etc Trading + Clearing = 600,000 yen Cash Trading + Futures etc Trading = 480,000 yen Futures etc Trading + Clearing = 360,000 yen Futures etc Trading = 240,000 yen |  Flat pricing with volume rebates | | |
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 CME is enhancing the CME Globex platform to facilitate broader access, liquidity and market-making activity in options on futures for CME Interest Rate, CME Equity and CME FX products. CME also will expand its listings of 2-, 3-, 4- and 5-Year CME Eurodollar bundles. |  Eurex plans to launch an exchange-traded credit derivative product based on the iTraxx Europe CDS index, comprising 125 credit default swaps on European entities, by the end of the year. Eurex is working closely with market participants to develop new and innovative products, while continuing to build the Eurex global liquidity network. |  N/A |  New for 2006 to include gateway development for clearing applications. |  New Trading Platform is scheduled to be launched in February 2006. |  N/A |  Eurex plans to launch an exchange-traded credit derivative product based on the iTraxx Europe CDS index, comprising 125 credit default swaps on European entities, by the end of the year. Eurex is working closely with market participants to develop new and innovative products, while continuing to build the Eurex global liquidity network. | |
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