Chicago Mercantile Exchange Holdings Inc. has announced that it intends to dual list its common stock on The Nasdaq Stock Market, Inc.
Chicago Mercantile Exchange Holdings, parent of CME, the largest futures exchange in the United States, will have its listing become effective on NASDAQ under the “CME” symbol within the next several weeks.
CME Chairman Terry Duffy said, “CME, which was the first U.S. exchange to demutualize and become publicly-traded in 2002, has decided to dual list its stock on The Nasdaq Stock Market, one of the world’s leading marketplaces. Since completing our successful IPO, we have focused on building and diversifying our shareholder base, while ensuring the orderly development of liquidity in our stock. Today’s decision reflects our commitment to providing our shareholders with the additional benefits that listing on NASDAQ provides.”
“CME is now the largest derivatives exchange in the world, and we welcome them to our family of industry leading companies,” said Bob Greifeld, president and chief executive officer of The Nasdaq Stock Market. “Clearly CME is uniquely qualified to evaluate listing venues and we are pleased that they have chosen to dual list with NASDAQ.”