Chicago Mercantile Exchange (CME) is a company headquartered in Chicago , United States . It is a subsidiary of the CME Group and a parent organization to the New York Mercantile Exchange . The company is legally known as Chicago Mercantile Exchange Inc and operates as an organization . CME is a corporation and was founded on January 1, 1898 in Illinois, where it was incorporated .
CME is involved in the service industry and is located in Chicago . The company has been assigned a Standard Industrial Classification (SIC) code of 6200 . In terms of intellectual property, CME has been assigned one patent .