"As a demutualized, for-profit company, we are placing more emphasis on expanding our business globally," said Jim McNulty, President and Chief Executive Officer. "Our Board formed a new advisory committee in May to focus on the role of advertising and PR in accomplishing this goal. We and the committee have decided to explore new options for telling our story to market participants."
Cramer-Krasselt has been CME's agency of record since 1999. For the first six months of 2002, CME's public relations and promotion expense was $2.9 million.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® around-the-clock electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moves about $1.5 billion per day in settlement payments and manages $27.1 billion in collateral deposits. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc.
