One of the world's largest future exchanges created after Chicago Mercantile Exchange and Chicago Board of Trade merged in 2007. The exchange focuses on four major sections including commodities, forex, interest rates, and stock indexes. CME utilizes a trading floor to conduct transactions during normal business hours and an electronic trading platform for after hour trading. One of the most essential services that CME provides is clearing for buyers and sellers to protect them from financial losses resulting underperformance on traded contracts.