Rectangular button with green and blue background, yellow and white lettering; back cardboard backing and metal pin. Reads CHICAGO MERCANTILE EXCHANGE/September 9, 1997/E-Mini/S&P 500/Futures & Options
This promotional button was circulated by Chicago Mercantile Exchange in 1997.
The button reads E-Mini S&P 500 Futures & Options. This is advertising the Chicago Mercantile Exchange's trading of E-mini futures contracts on the S&P 500. E-mini futures are futures contracts, or contractual obligations for traders to buy or sell a certain commodity at a given point in the future (Wikinvest.com*), traded exclusively on the CME's Globex electronic trading platform (Chicago Mercantile Exchange**). The S&P 500 is "the most widely followed benchmark of stock market performance in the world" containing "500 large-capitalization stocks" traded on the NYSE, Nasdaq, and ASE (Chicago Mercantile Exchange**).
This button helps to document the recent history of the Chicago Mercantile Exchange, one of the city's most important financial institutions. Founded in 1898 as the Chicago Butter and Egg Board, the Chicago Mercantile Exchange (CME) has revolutionized trading with innovative products and systems. In 1992, the CME adopted Globex, an electronic trading platform that allows traders to buy and sell contracts using computers. Buttons like this one were produced to advertise the technological advancements at the CME in the early 2000s.