CME Group Announces First Trades Of Global Emissions Offset (GEO) Futures Date
03/03/2021
CME Group, the world s leading and most diverse derivatives marketplace, today announced that its Global Emissions Offset (GEO) futures have launched and are available for trading. The total volume for the first two trading days was 81 contracts across five different contract months, with participation on screen and through the block market from nine firms, including Macquarie Group,
Hartree Partners and Mercuria. The first trades took place on
Sunday, February 28 and were executed by
Evolution Markets Inc. We are excited to see early customer interest and support for the new GEO futures, which represent another way CME Group is meeting the evolving risk management needs of our global energy markets, said
CME Group Inc. Reports Fourth-Quarter And Full-Year 2020 Financial Results Date
10/02/2021
CME Group Inc. (NASDAQ: CME) today reported financial results for the fourth quarter and full year of 2020.
The company reported revenue of
$1.1 billion and operating income of
$515 million for the fourth quarter of 2020. Net income was
$424 million and diluted earnings per share were
$1.18. On an adjusted basis, net income was
$497 million and diluted earnings per share were
$1.39. Financial results presented on an adjusted basis for the fourth quarter of 2020 and 2019 exclude certain items, which are detailed in the reconciliation of non-GAAP results.1
Total revenue for full-year 2020 was
$4.9 billion and operating income was
Derivatives exchange operator CME Group will launch a futures contract to provide customers with a market-based solution to manage global emissions risk. The Global Emissions Offset (GEO) contract will start trading on March 1.
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In the dynamic world of oil and liquefied natural gas (LNG) trading, one of the hottest new products is the carbon-neutral transaction. Designed to make oil and LNG more competitive environmentally with renewable energy in response to environmental, social and corporate governance (ESG) pressures, climate change and the decarbonization megatrend, carbon-neutral oil and carbon-neutral LNG provide for the offset of the greenhouse gas (GHG) emissions associated with a defined set of oil or LNG activities. A carbon-neutral oil or LNG transaction is effected through terms in the underlying transaction documents that govern the sourcing, purchase and retirement of carbon credits as offset units (COUs).