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Changed Risks for CME GROUP INC (CME)

Here are risks that changed year over year. risks from the recent filings of CME GROUP INC. Our algorithms work hard to highlight risks unique to this company.
Our Three-Month Eurodollar futures contracts are based on the three-month US dollar LIBOR underlying rate To the extent trading in Eurodollar contracts decreases and our alternative contracts are not successful, our revenues would be negatively impacted Certain of our other businesses could also be negatively affected by changes to LIBOR
Our BrokerTec matched principal business is highly dependent on our status as a member in good standing of the Fixed Income Clearing Corporation (FICC), and our failure to maintain that status could adversely affect us
We could be harmed by misconduct occurring on our OTC trading platforms
We, as well as many of our customers, depend on third-party suppliers and service providers for a number of services that are important An interruption or cessation of an important supply or service by any third party could have a material adverse effect on our business, including revenues derived from our customers' trading activity
Our role in the global marketplace places us at greater risk than other public companies for a cyber attack and other cyber security risks Our technology, our people and those of our third-party service providers may be vulnerable to cyber security threats, which could result in wrongful use of our information or cause interruptions in our operations that cause us to lose customers and trading volume, and result in substantial liabilities We also could be required to incur significant expense to protect our systems and/or investigate any alleged attack
Some of CME Clearing's largest clearing firms have indicated their belief that clearing facilities should not be owned or controlled by exchanges and should be operated as utilities and not for profit These clearing firms have sought, and may seek in the future, legislative or regulatory changes that would, if adopted, enable them to use alternative clearing services for positions established on our exchanges or to freely move open positions among clearing houses in order to take advantage of our liquidity Even if they are not successful, these factors may cause them to limit the use of our markets
We face intense competition from other companies If we are not able to successfully compete,
Our business exposes us to substantial credit risk of our clearing firms and other counterparties and, consequently, a decrease in their financial resources could adversely affect us
Our business is subject to the impact of domestic and international market, economic and political conditions that are beyond our control and that could significantly impact our business and make our financial results more volatile
Our average rate per contract for our derivatives business is subject to fluctuation due to a number of factors As a result, you may not be able to rely on our average rate per contract in any particular period as an indication of our future average rate per contract
Eleven of our board members own trading rights or are officers or directors of firms that own trading rights on our derivatives exchanges As members, these individuals may have interests that differ from or conflict with those of shareholders who are not also members Our dependence on the trading and clearing activities of our members, combined with the CME members' rights to elect six directors, may enable them to exert substantial influence over the operation of our business
Our market data revenues may be reduced by decreased demand, poor overall economic conditions, regulatory changes or a significant change in how market participants trade and use market data
Certain businesses acquired from NEX subject us to compliance and regulatory risks associated with being a regulated intermediary

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