| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | restructuring | in_progress | Multiple divisions | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states employee separation and restructuring expense was higher in Q1 2026 due to a restructuring effort across multiple divisions; no employee count, charge amount, or completion date disclosed. The $2.9 million figure in the expense-change table is the year-over-year increase in that expense line, not a program charge. | ||||||
| 2026-03-31 | restructuring | in_progress | multiple divisions | USD 3 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Employee separation and restructuring expense was higher during the first quarter of 2026 as a result of a restructuring effort across multiple divisions of the company. Specific headcount affected is not disclosed. | |||||
| 2025-12-31 | divestiture_reduction | completed | 2025-10-01 | Global | OSTTRA (50% joint venture, post-trade solutions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | S&P Global and CME Group completed the sale of OSTTRA to KKR-managed funds in October 2025; no headcount or severance figures disclosed. Related professional fees of $22.1 million (OSTTRA sale) recorded in 2025 operating expenses per MD&A. | ||||
| 2024-12-31 | reduction_in_force | completed | 3% | 2023 | 2023-12-31 | Global | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Reduction in force of 3% of employees occurred during 2023, contributing to lower employee separation and restructuring costs in 2024 compared to 2023. | |||
| 2023-12-31 | reduction_in_force | completed | 3% | Global | Company-wide | MD&A f5-10k / GLM-5.3-flash-HTML | Reduction in force affecting 3% of employees occurred during 2023. MD&A attributes a $10.3 million year-over-year increase in employee separation and restructuring expense to this action; that figure is the increase in expense, not the total charge, so no absolute charge value is recorded. | ||||
| 2023-12-31 | reduction_in_force | completed | 3% | Global | Company-wide | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 3% of the ~3,565 workforce (roughly 107 employees implied, not explicitly stated). Related employee separation and restructuring expense increased $10.3 million year over year; no absolute charge amount disclosed for the RIF itself. | ||||
| 2023-12-31 | reduction_in_force | completed | 3% | 2023 | 2023-12-31 | Global | Not specified | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Reduction in force of 3% of employees during 2023. Specific headcount not disclosed, only percentage. | ||
| 2023-09-30 | layoff | completed | 3% | Not specified | Not specified | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Layoff of 3% of employees in Q3 2023; no headcount, date, or charge amount disclosed. MD&A shows employee separation and restructuring costs rose $12.0M in Q3 and $8.0M YTD vs. prior year (change, not the charge itself). | ||||
| 2023-09-30 | layoff | completed | 3% | 2023-09-30 | 2023-09-30 | Global | All functions | USD 12 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Filing states: 'Employee separation and restructuring costs increased during the quarter... largely due to a layoff of 3% of employees in the third quarter of 2023.' Associated charge of $12.0 million reported in the expense change table. | |
| 2022-12-31 | reduction_in_force | completed | MD&A f5-10k / GLM-5.3-flash-HTML | MD&A attributes lower 2022 employee separation and retention costs (a $25.0 million decrease versus 2021) to a smaller reduction in workforce during the year; no headcount affected, program details, or absolute charge amount are disclosed. | |||||||
| 2022-09-30 | restructuring | in_progress | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A expense bridge discloses employee severance and restructuring costs of $5.1M for the quarter and $16.3M for the nine months, both lower than prior year due to lower reductions in workforce; no employee counts, announcement dates, or completion timing disclosed | |||||||
| 2022-09-30 | restructuring | completed | USD 5 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Employee separation and retention costs were lower during the third quarter of 2022 due to lower reductions in workforce compared with the same period in 2021. | ||||||
| 2022-09-30 | restructuring | completed | USD 16 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Employee separation and retention costs were lower during the first nine months of 2022 due to lower reductions in workforce compared with the same periods in 2021. | ||||||
| 2022-06-30 | restructuring | in_progress | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states employee separation and retention costs were lower in Q2 and 1H 2022 due to a smaller reduction in workforce versus the prior-year periods; no headcount, charge, or timing disclosed. Related expense line: $0.9M (Q2) and $11.2M (1H) of separation/retention cost reductions versus 2021. | |||||||
| 2022-03-31 | restructuring | completed | Optimization business | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Contribution of employees from CME Group's optimization businesses to the new joint venture with IHS Markit in September 2021 resulted in a net decrease in headcount. | ||||||
| 2022-03-31 | reduction_in_force | completed | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Lower employee separation and retention costs in Q1 2022 due to a lower reduction in workforce compared to the same period in 2021. | |||||||
| 2021-12-31 | divestiture_reduction | completed | 2021-01 | 2021-09 | Post-trade services / optimization business (Traiana, TriOptima, Reset) | other f5-10k / GLM-5.3-flash-HTML | Net assets of the optimization business were contributed to OSTTRA, a 50/50 joint venture with IHS Markit, for $112.5M cash plus a 50% equity interest; the business's employees were contributed to the JV in September 2021. Headcount not quantified. A $400.7M net gain on deconsolidation was recognized in 2021. | ||||
| 2021-12-31 | other | completed | MD&A f5-10k / GLM-5.3-flash-HTML | Unquantified reduction in workforce during 2021: employee separation and retention costs rose $15.0M versus 2020, and stock-based compensation declined partly due to higher forfeitures from headcount reductions. | |||||||
| 2021-12-31 | plant_closure | completed | 2021-05 | 2021-05 | Chicago, Illinois | Open outcry trading (all products except Eurodollar and SOFR options) | MD&A f5-10k / GLM-5.3-flash-HTML | Permanent closure of most open outcry pits announced May 2021; open outcry is conducted by exchange members rather than employees, and no employee headcount reduction was disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-01 | 2021-09-30 | Global | Optimization business (Traiana, TriOptima, Reset) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Employees from the optimization businesses were contributed to the OSTTRA joint venture with IHS Markit in September 2021 and deconsolidated; headcount transferred not quantified. MD&A attributes part of the 2021 decrease in salaries, benefits and employer taxes to this transfer. | |||
| 2021-12-31 | restructuring | completed | 2021-12-31 | Global | Enterprise | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MD&A discloses higher workforce reductions in 2021 versus 2020 (employee separation and retention costs up $15.0 million year over year) but gives no employee count, program name, or charge total; no restructuring footnote is presented. | ||||
| 2021-12-31 | plant_closure | completed | 2021-05 | 2021-12-31 | United States — Chicago, IL | Open outcry trading floor operations | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Trading floor outside Eurodollar and SOFR options permanently closed beginning May 2021; associated building at 333 S. LaSalle Street sold in Q4 2021. No headcount impact quantified. | |||
| 2021-12-31 | restructuring | completed | 2021-09-01 | 2021-09-30 | Global | Optimization Business | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Contribution of net assets of optimization business to OSTTRA joint venture with IHS Markit in September 2021. MD&A notes 'higher reductions in workforce' and 'contribution of employees' compared to 2020, but does not disclose specific headcount affected. | |||
| 2021-12-31 | reduction_in_force | completed | 2021-01-01 | 2021-12-31 | Global | General | MD&A f5-10k / Qwen3.6-27B-Q8_0 | MD&A states 'Employee separation and retention costs were higher during 2021 due to a higher reduction in workforce compared to 2020.' Specific headcount not disclosed. | |||
| 2021-09-30 | divestiture_reduction | completed | 2021-09-30 | 2021-09-30 | Global | Optimization business (Traiana, TriOptima, Reset) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Employees of the optimization businesses were contributed to the OSTTRA joint venture with IHS Markit, launched September 2021; no employee count disclosed. Related $343.5M deconsolidation gain is a non-cash accounting item, not a severance charge. | |||
| 2021-09-30 | restructuring | in_progress | Global | Not specified | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer cites higher workforce reductions and elevated employee separation and retention costs in Q3 and 9M 2021 versus prior year; no headcount or charge amount disclosed. May overlap with the OSTTRA employee contribution. | |||||
| 2021-09-30 | restructuring | completed | 2021-09-30 | 2021-09-30 | Optimization business | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Contribution of employees from CME Group's optimization businesses to the new joint venture with IHS Markit (OSTTRA) in September 2021. Employee count not disclosed. | ||||
| 2021-09-30 | reduction_in_force | completed | 2021-09-30 | 2021-09-30 | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Higher reduction in workforce compared to the same periods in 2020, resulting in higher employee separation and retention costs. Employee count not disclosed. | |||||
| 2021-06-30 | reduction_in_force | in_progress | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A attributes higher separation and retention costs in Q2 and 1H 2021 to a larger reduction in workforce versus prior year; no headcount, charge, or timing disclosed. Related expense line: employee separation and retention costs up $0.2M (Q2) and $9.3M (1H) year over year. | |||||||
| 2021-06-30 | restructuring | completed | USD 0 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Employee separation and retention costs were higher during the second quarter of 2021 due to a higher reduction in workforce compared to the same periods in 2020. | ||||||
| 2021-06-30 | restructuring | completed | USD 9 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Employee separation and retention costs were higher during the first six months of 2021 due to a higher reduction in workforce compared to the same periods in 2020. | ||||||
| 2021-03-31 | restructuring | in_progress | USD 11 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A attributes a $10.8 million year-over-year increase in employee severance and restructuring expense to a larger reduction in workforce in Q1 2021 versus Q1 2020; no employee count, program name, or completion date is disclosed. Amount shown is the change in expense, not a program charge. | ||||||
| 2021-03-31 | plant_closure | announced | 2021-05 | United States | Chicago trading floor | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter announcement that only the Eurodollar options pit will remain open and the remaining trading floor pits will not reopen; no associated headcount or charge disclosed. Filing states only 'May 2021' for the announcement. | ||||
| 2021-03-31 | restructuring | completed | USD 11 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Employee severance cost was higher during the first quarter of 2021 due to a higher reduction in workforce compared to the same period in 2020. Specific headcount affected is not disclosed. | ||||||
| 2020-12-31 | restructuring | completed | Legacy NEX businesses | MD&A f5-10k / GLM-5.3-flash-HTML | Headcount reduction at legacy NEX businesses in conjunction with the planned NEX integration; number of employees not disclosed. Cited as a primary driver of the lower bonus expense in 2020. | ||||||
| 2020-12-31 | other | completed | Commercial regulatory reporting operations (optimization business) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Wind-down of commercial regulatory reporting operations substantially completed in 2020; transitioned to self-reporting for EMEA BrokerTec and EBS while continuing U.S. (CFTC) and Canada reporting. Headcount impact not disclosed. | ||||||
| 2020-12-31 | other | announced | 2021-01-12 | Post-trade services (Traiana, TriOptima, Reset) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Agreement with IHS Markit to combine post-trade services into a 50/50 joint venture incorporating CME's optimization businesses and IHS Markit's MarkitSERV; expected to close mid-2021 pending approvals. Net assets to be contributed were classified as held for sale in January 2021; workforce impact not disclosed. | |||||
| 2020-12-31 | restructuring | in_progress | Global | Legacy NEX businesses | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MD&A attributes lower 2020 bonus expense partly to headcount reduction in legacy NEX businesses during planned integration; no employee count or charge disclosed | |||||
| 2020-12-31 | other | completed | Global (EMEA, U.S., Canada) | Optimization / commercial regulatory reporting | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Filer states it substantially completed wind-down of commercial regulatory reporting operations in 2020, transitioning to self-reporting; no headcount impact quantified | |||||
| 2020-12-31 | other | announced | 2021-01-12 | 2021-06-30 | Global | Optimization businesses (Traiana, TriOptima, Reset) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Post-year-end agreement with IHS Markit to combine post-trade services into a 50/50 joint venture expected to close mid-2021; net assets classified as held for sale in January 2021; no employee count disclosed | |||
| 2020-09-30 | restructuring | in_progress | Company-wide (legacy NEX integration) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A attributes lower bonus expense to a headcount reduction tied to the planned integration of legacy NEX businesses; no employee count, announcement date, or severance charge disclosed. | ||||||
| 2019-12-31 | acquisition_addition | completed | 2018-11-02 | Global (NEX Group plc, primarily United Kingdom) | Cash markets (BrokerTec, EBS), optimization services, market data | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of NEX Group plc completed November 2, 2018, so the headcount addition occurred in Q4 of the prior fiscal year (FY2018), not during FY2019; no employee count was disclosed. FY2019 MD&A attributes increases in compensation, bonus, technology and occupancy expense to headcount added via the NEX acquisition. | ||||
| 2019-12-31 | acquisition_addition | completed | 2018-11-02 | 2018-11-02 | Global | All | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Headcount added from the NEX acquisition in the fourth quarter of 2018 contributed to increased compensation and benefits expense in 2019. | |||
| 2019-06-30 | acquisition_addition | completed | 2018-11-02 | Global | All functions | MD&A f5-10q / Qwen3.6-27B-Q8_0 | MD&A attributes increases in compensation, technology, occupancy, and bonus expenses to 'headcount added from the NEX acquisition in the fourth quarter of 2018.' Specific employee count not disclosed. | ||||
| 2019-06-30 | other | completed | 30,560 | 2019-06-30 | Global | NEX employees | other f5-10q / Qwen3.6-27B-Q8_0 | Issued 30,560 shares of Class A common stock to NEX employees in connection with awards under NEX's 2016 Global Sharesave Plan. This represents equity issuance to existing employees, not a headcount change, but is a material workforce-related event. | |||
| 2019-03-31 | acquisition_addition | in_progress | 2018-11-02 | Global (UK-headquartered NEX Group Limited) | Cash markets business (BrokerTec, EBS); market data and information services | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | NEX acquisition closed 2018-11-02; MD&A attributes compensation, bonus, technology and occupancy expense increases to headcount added from NEX. Number of employees added is not quantified anywhere in the filing; integration into internal control over financial reporting was ongoing and NEX was excluded from the ICFR assessment as of 2019-03-31. | ||||
| 2018-12-31 | acquisition_addition | completed | 2018-11-02 | United Kingdom (NEX Group plc, with international operations) | Cash markets business (BrokerTec fixed income, EBS foreign exchange) and optimization services (Traiana, TriOptima) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of NEX Group plc completed November 2, 2018 for approximately $5.6 billion equity value; MD&A cites higher average headcount from acquired operations but the filing does not quantify employees added. Financial statements include NEX results beginning November 3, 2018. | ||||
| 2018-12-31 | acquisition_addition | completed | 2018-11-02 | 2018-11-02 | United Kingdom; United States | Cash markets (BrokerTec, EBS) and optimization services (Traiana, TriOptima) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | NEX acquisition closed 2018-11-02; financial results consolidated from 2018-11-03. Filing does not disclose headcount added; NEX represented 10% of total assets at 2018-12-31 per the auditor's ICFR scope exclusion. | |||
| 2018-09-30 | acquisition_addition | completed | 2018-03-01 | 2018-11-02 | United Kingdom | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of NEX Group plc closed 2018-11-02 for approximately $5.6 billion equity value; no employee headcount added disclosed in this filing | ||||
| 2017-12-31 | restructuring | completed | 2017-04 | 2017-12 | United Kingdom | European clearing house and exchange operations (CME Clearing Europe Limited and CME Europe Limited) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Wind-down of both European subsidiaries announced April 2017 and completed in late 2017. No employee count or associated charge disclosed; no severance or restructuring expense line identified for fiscal 2017. | |||
| 2017-12-31 | restructuring | announced | 2017-09 | 2018-06 | Credit default swaps business | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Exit of the credit default swaps business announced September 2017, with completion expected by mid-2018 (month approximated from 'mid-2018'). No employee count disclosed. Note 4 states the disposal will not be classified as discontinued operations. | ||||
| 2017-12-31 | plant_closure | completed | 2017-04 | 2017-12-31 | United Kingdom / Europe | CME Clearing Europe Limited and CME Europe Limited | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Wind down of European clearing house and exchange announced April 2017, completed by year end; no employee count or charge disclosed. | |||
| 2017-12-31 | restructuring | announced | 2017-09 | 2018-06-30 | Global | Credit default swaps business | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company announced exit from credit default swap business by mid-2018; no employee count or charge disclosed. Not classified as discontinued operations. | |||
| 2017-03-31 | plant_closure | announced | 2017-04 | 2017-12-31 | Europe (United Kingdom) | CME Clearing Europe Limited and CME Europe Limited | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | April 2017 announcement of intent to close the European clearing house and exchange by end of 2017; no headcount impact or charge disclosed | |||
| 2016-12-31 | plant_closure | completed | 2016-12-31 | New York, United States | Open outcry trading floors (futures pits) | MD&A f5-10k / GLM-5.3-flash-HTML | Remaining New York open outcry pits closed December 31, 2016; additional severance and other costs recognized in 2016 but no discrete amount disclosed. Affected pit participants are largely exchange members rather than employees; most Chicago open outcry options markets remain open. | ||||
| 2016-12-31 | restructuring | completed | 2016-12-31 | New York, United States | Trading floors / open outcry operations | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company recognized severance and other costs in 2016 for reducing its New York trading floors; no employee count or charge amount disclosed. Related Item 1 disclosure states the remaining open outcry pits in New York were closed on December 31, 2016. | ||||
| 2016-12-31 | other | announced | United States | Executive leadership | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | CEO announced retirement at the end of 2016, resulting in additional cash and stock-based compensation expense during 2016; no headcount or amount quantified. | |||||
| 2016-12-31 | restructuring | completed | USD 8 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Reorganization, severance and retirement costs of $8.1 million recognized in 2016. | ||||||
| 2016-03-31 | restructuring | completed | 2015-09-01 | USD 6 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Reorganization costs of $5.5 million recognized in Q1 2016 related to reorganization announced in Q3 2015. Employee count not disclosed. | |||||
| 2015-12-31 | plant_closure | completed | 2015-07 | Chicago, Illinois and New York, New York (United States) | Open outcry futures trading pits | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Most futures pits in Chicago and New York were closed in July 2015; most open outcry options markets remained open. MD&A cites the partial trading floor closure (there described as second-quarter 2015) among the drivers of the decline in average headcount in 2015. No affected-employee count or associated charge disclosed. | ||||
| 2015-12-31 | restructuring | completed | 2015 | MD&A f5-10k / GLM-5.3-flash-HTML | Reorganization announced in the third quarter of 2015. MD&A cites it, together with the Q4 2014 reorganization (a prior-year action excluded here) and the trading floor closure, as drivers of lower average headcount and lower compensation and benefits expense in 2015. No affected-employee count, charge, or completion date disclosed; headcount impact was realized during FY2015. | ||||||
| 2015-12-31 | restructuring | in_progress | Global | Company-wide | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MD&A cites a reorganization announced in the third quarter of 2015 (along with one announced in the fourth quarter of 2014) as a driver of lower average headcount; no employee count, charge, or completion date is disclosed. Announcement date known only to the quarter. | |||||
| 2015-12-31 | plant_closure | completed | 2015-07 | United States (Chicago and New York) | Open outcry trading floors | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Most futures pits in Chicago and New York were closed in July 2015; most open outcry options markets remained open. MD&A also attributes part of the 2015 headcount decline to partial trading-floor closure in the second quarter of 2015; no affected-employee count or charge disclosed. | ||||
| 2015-12-31 | restructuring | completed | 150 | 2014-10 | 2014-12-31 | Global | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global workforce reduction of approximately 150 positions as part of a reorganization in October 2014. Costs recognized in Q4 2014. | |||
| 2015-12-31 | voluntary_separation | completed | 2014-06 | 2014-06-30 | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Voluntary exit incentive plan implemented in the second quarter of 2014. Specific headcount not disclosed. | |||||
| 2015-09-30 | plant_closure | completed | 2015-06-30 | United States | Trading floor operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states severance and other costs were recognized in Q2 2015 for closing the trading floor; no employee count or separate charge amount disclosed. MD&A also notes compensation expense declined partly from this closure. | ||||
| 2015-09-30 | restructuring | in_progress | United States | USD 14 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Expense-driver table shows $13.6M for 'Reorganization costs and voluntary exit incentive plan' in Q3 2015 ($14.0M YTD); MD&A cites a reorganization in Q3 2015 and headcount declines from reorganizations announced in Q4 2014 and Q3 2015. No employee count disclosed; charge line combines reorganization and VSP items. | |||||
| 2015-09-30 | restructuring | in_progress | 2015-09-30 | MD&A f5-10q / Qwen3.6-27B-Q8_0 | MD&A references 'reorganizations announced in the fourth quarter of 2014 and the third quarter of 2015' as drivers for declines in average headcount and compensation expenses. No specific employee count or charge amount is disclosed for the Q3 2015 reorganization in this filing. | ||||||
| 2015-09-30 | plant_closure | completed | 2015-06-30 | MD&A f5-10q / Qwen3.6-27B-Q8_0 | MD&A cites 'the closing of the trading floor in the second quarter of 2015' as a factor in decreased compensation and benefits expenses. No specific headcount impact is quantified. | ||||||
| 2015-06-30 | voluntary_separation | completed | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Filer recognized expenses due to voluntary exit incentive plan in Q2 2014; Q2 2015 expenses were lower by comparison. No specific headcount or charge amount disclosed for the current period. | |||||||
| 2015-06-30 | restructuring | completed | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Compensation and benefits expenses decreased in Q2 2015 due to declines in average headcount largely related to reorganization announced in Q4 2014. No specific headcount reduction number disclosed for the current period. | |||||||
| 2015-03-31 | restructuring | in_progress | 2014-10 | 2015-06 | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Reorganization announced October 2014, with severance and other costs recognized in Q1 2015; MD&A also cites a planned reduction of trading floors in mid-2015 as a related cost driver. No employee count or total charge disclosed; MD&A attributes a $5.5 million year-over-year increase in operating expenses to reorganization costs (change amount, not a stated program charge). | |||||
| 2015-03-31 | restructuring | in_progress | 2014-10-01 | 2015-06-30 | USD 6 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance and other costs related to reorganization announced in October 2014 and planned reduction of trading floors in mid-2015. Employee count not disclosed. | ||||
| 2014-12-31 | reduction_in_force | completed | 150 | 2014-10 | Global | USD 18 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Global reduction of approximately 150 positions as part of a reorganization announced October 2014; severance and related costs recognized in Q4 2014. The $18.2 million is a combined year-over-year expense change attributed to reorganization costs plus the voluntary exit incentive plan and is not split between the two actions. Severance plan amendments effective 2014-10-13 added a cost-reduction termination severance schedule tied to 2014-2015 budget cost-reduction efforts. | |||
| 2014-12-31 | voluntary_separation | completed | 2014 | MD&A f5-10k / GLM-5.3-flash-HTML | Voluntary exit incentive plan increased compensation and benefits expense in the second quarter of 2014; its share of the combined $18.2 million expense change (see related reduction-in-force record) is not separately disclosed. | ||||||
| 2014-12-31 | plant_closure | announced | 2015-02 | 2015-07-02 | Chicago, Illinois and New York, New York | Open outcry futures trading pits | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Post-year-end announcement to close most futures trading pits by July 2, 2015, with most open outcry options markets remaining open. Pit participants are primarily exchange members rather than employees; no employee headcount impact is quantified. | |||
| 2014-12-31 | restructuring | completed | 150 | 2014-10-01 | Global | Not specified | USD 18 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | October 2014 reorganization reduced global workforce by approximately 150 positions; severance recognized in Q4 2014. The $18.2M charge combines reorganization costs and the voluntary exit incentive plan as presented in the expense-driver table. | ||
| 2014-12-31 | voluntary_separation | completed | 2014-04-01 | Not specified | Not specified | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Voluntary exit incentive plan offered in Q2 2014; headcount and separate charge amounts not disclosed. Severance terms amended via Exhibit 10.16/10.17 effective 2014-10-13 for cost-reduction terminations. | ||||
| 2014-12-31 | plant_closure | announced | 2015-02-01 | 2015-07-02 | United States (Chicago and New York) | Open outcry trading floors | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent-event announcement (February 2015) to close most futures trading pits by July 2, 2015; most open outcry options markets to remain open. No headcount impact quantified. | |||
| 2014-12-31 | restructuring | completed | 150 | 2014-10 | Global | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global workforce reduction of approximately 150 positions as part of a reorganization announced in October 2014. Included in reorganization costs and voluntary exit incentive plan expenses. | ||||
| 2014-09-30 | restructuring | announced | 150 | 2014-10 | Global | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter reorganization reduced global workforce by approximately 150 positions; severance and other costs expected to impact primarily Q4 2014. No charge amount or completion date disclosed. | ||||
| 2014-09-30 | restructuring | announced | 150 | 2014-10-01 | Global | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company reduced global workforce by approximately 150 positions as part of a recently announced reorganization. Severance and other costs expected to impact primarily Q4 2014. | ||||
| 2014-06-30 | voluntary_separation | in_progress | USD 6 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | A voluntary exit incentive plan was implemented in the second quarter of 2014, adding $5.8 million to compensation and benefits expense in both the quarter and the six-month period. No participant count or completion date disclosed. | ||||||
| 2014-06-30 | acquisition_addition | announced | 2014-07-30 | Europe | Trading software (Trayport) and OTC FX options solutions (FENICS) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire Trayport and FENICS from GFI Group Inc. via merger; GFI shareholders to receive Class A stock valued at about $580.0 million, with $165.0 million cash received for the brokerage business and $240.0 million of debt assumed. Expected to close early 2015; no headcount disclosed. | ||||
| 2014-06-30 | voluntary_separation | completed | USD 6 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Voluntary exit incentive plan expense recognized in Q2 2014. | ||||||
| 2013-12-31 | other | completed | 2013-04-30 | United States | CME Clearing | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Kansas City Board of Trade Clearing Corporation integrated into U.S. clearing operations in April 2013 following the November 2012 KCBT acquisition; no headcount impact disclosed. | ||||
| 2013-12-31 | other | completed | 2013-12-16 | United States | KCBT / CBOT exchanges | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Transfer of KCBT operations to CBOT completed December 16, 2013; KCBT permit holder rights extinguished. No employee counts or charges disclosed. | ||||
| 2013-06-30 | voluntary_separation | completed | 2012-04-01 | USD 5 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | MD&A notes a decline in employee separation costs in Q2 2013 compared to Q2 2012, attributing it to a voluntary exit incentive plan announced in Q2 2012. The $4.6M decrease in separation costs for Q2 2013 implies lower charges than the prior year, but no specific headcount or current-quarter charge is disclosed. | |||||
| 2012-12-31 | divestiture_reduction | completed | 2012-06-29 | 2012-06-29 | Index Services (DJI asset group contributed to S&P/Dow Jones Indices LLC) | MD&A f5-10k / GLM-5.3-flash-HTML | MD&A attributes part of the year's decrease in average headcount to the June 2012 contribution of the DJI asset group to the McGraw venture; number of affected employees not disclosed. | ||||
| 2012-12-31 | divestiture_reduction | completed | 2012-06-29 | 2012-06-29 | United Kingdom (Credit Market Analysis Ltd., a UK-incorporated company) | Credit Market Analysis Ltd. (CMA), sold to McGraw | MD&A f5-10k / GLM-5.3-flash-HTML | MD&A attributes part of the year's decrease in average headcount to the Q2 2012 sale of CMA to McGraw; number of affected employees not disclosed. | |||
| 2012-12-31 | acquisition_addition | completed | 2012-11-30 | 2012-11-30 | United States (Kansas City, Missouri) | Agricultural commodities (hard red winter wheat); includes KCBTCC clearing house | USD 126 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | CBOT purchased KCBT for $126.0 million in cash on November 30, 2012, adding its workforce (including wholly-owned clearing house KCBTCC); purchase price shown is cash consideration, not a workforce-related charge, and no employee count was disclosed. | ||
| 2012-12-31 | acquisition_addition | completed | 2012-11-30 | United States (Kansas City) | Agricultural commodities — hard red winter wheat futures | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchased for $126.0 million cash; headcount added not disclosed. KCBTCC clearing house integration with CME Clearing expected April 2013. | ||||
| 2012-12-31 | acquisition_addition | completed | 2012-07 | United States | Technology / customer relationships | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Pivot, Inc.; $17.0 million of intangible assets recognized. Headcount added not disclosed. | ||||
| 2012-12-31 | acquisition_addition | completed | United States | Energy / environmental markets | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Green Exchange, LLC acquired and integrated into the energy product suite during the year; acquisition date and headcount not disclosed. | |||||
| 2012-12-31 | divestiture_reduction | completed | 2012-06-29 | United States and United Kingdom | Index services (DJI asset group) and Credit Market Analysis Ltd. | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MD&A attributes a decrease in average headcount to the contribution of the DJI asset group to S&P/DJI and the sale of CMA; no employee count disclosed. | ||||
| 2012-09-30 | voluntary_separation | in_progress | 2012-04-30 | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary exit incentive plan announced in Q2 2012; employee separation costs of $8.0 million recognized in the nine months ended 2012-09-30. No employee count, completion date, or program-specific charge disclosed. | ||||||
| 2012-09-30 | divestiture_reduction | completed | 2012-06-29 | 2012-06-30 | Index Services (Dow Jones Index asset group) and Credit Market Analysis Ltd. | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Contribution of DJI asset group to S&P/Dow Jones Indices LLC venture and sale of CMA to McGraw; MD&A attributes a decrease in average headcount to these transactions, but no employee count is disclosed. | ||||
| 2012-09-30 | acquisition_addition | announced | 2012-10-31 | United States | Kansas City Board of Trade | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to acquire the Kansas City Board of Trade entered into October 2012, subject to regulatory approval and customary closing conditions; no headcount disclosed. | ||||
| 2012-09-30 | voluntary_separation | in_progress | 2012-06-30 | USD 8 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Voluntary exit incentive plan announced in the second quarter of 2012. $8.0 million in employee separation costs recognized in the first nine months of 2012. | |||||
| 2012-06-30 | voluntary_separation | in_progress | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary exit incentive plan announced in Q2 2012; MD&A cites it and related employee separation costs ($5.0M in Q2; $7.5M YTD) as drivers of expense increases. No employee count, charge allocation, or completion date disclosed. | |||||||
| 2012-06-30 | other | completed | Executive | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | CEO transition resulted in accelerated vesting of stock-based compensation ($8.0M in Q2; $10.3M YTD); no headcount figures disclosed. | ||||||
| 2012-06-30 | voluntary_separation | in_progress | 2012-04-01 | USD 5 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Voluntary exit incentive plan announced in Q2 2012 resulted in $5.0 million expense for the quarter. | |||||
| 2012-06-30 | voluntary_separation | in_progress | 2012-04-01 | USD 8 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Voluntary exit incentive plan announced in Q2 2012 resulted in $7.5 million expense for the six months ended June 30, 2012. | |||||
| 2011-12-31 | divestiture_reduction | announced | 2011-11 | 2012-06-30 | United Kingdom | Credit Market Analysis Ltd. (CMA) / Index Services | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement with McGraw-Hill to contribute Index Services assets and sell CMA; expected to close by June 2012 subject to regulatory approval. No employee count disclosed. | |||
| 2010-12-31 | acquisition_addition | completed | 2010-03-18 | United States | Index and market data services (Index Services joint venture with Dow Jones) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | CBOT acquired 90% of Index Services, formed by contributing CBOT's market data business and Dow Jones' index business. MD&A attributes part of the 2010 average headcount increase to Index Services; employee count not disclosed. | ||||
| 2010-12-31 | acquisition_addition | completed | 2010-12 | United Kingdom | Electronic trading and market technology | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Acquired Elysian Systems Ltd., an independent electronic trading and market technology provider, in December 2010; headcount impact not disclosed. | ||||
| 2010-12-31 | acquisition_addition | completed | 2010-03-18 | 2010-03-18 | United States | Market data and index services | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Formation of CME Group Index Services LLC joint venture with Dow Jones; headcount added not disclosed. Average headcount increase attributed to Index Services contributed to higher compensation expense in 2010. | |||
| 2010-12-31 | acquisition_addition | completed | 2010-12-01 | 2010-12-31 | United Kingdom | Technology | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Elysian Systems Ltd., an electronic trading and market technology provider, in December 2010; headcount added not disclosed. | |||
| 2010-12-31 | other | completed | International (Asia, Europe, and other locations outside the United States) | Global client development, sales, and product management | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount increased approximately 4% during 2010 to support key locations outside the United States, including additional overseas-based product heads; absolute number not disclosed. | |||||
| 2010-12-31 | restructuring | in_progress | USD -600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2010-09-30 | acquisition_addition | completed | 2010-03-18 | United States | Market data and information services (CME Group Index Services LLC) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CBOT acquired 90% of Index Services, a joint venture with Dow Jones, formed by contributing CBOT's market data business and Dow Jones's index business; results consolidated from March 19, 2010. No employee count is disclosed for the contributed businesses. | ||||
| 2010-09-30 | restructuring | in_progress | USD -500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2010-06-30 | restructuring | completed | 2009-08-31 | NYMEX Holdings | USD 0 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring program related to NYMEX Holdings merger was substantially complete by August 2009. Q2 2010 shows a credit of $0.2 million compared to expense in prior year. | ||||
| 2010-06-30 | acquisition_addition | completed | 2010-03-18 | Index Services | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Increase in average headcount primarily due to the acquisition of Index Services contributed to an increase in expense. | |||||
| 2010-06-30 | restructuring | in_progress | USD -500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2010-03-31 | restructuring | in_progress | USD -300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2009-12-31 | restructuring | completed | 2007-08 | 2008-07 | Chicago, Illinois | CBOT Holdings merger integration (exchange operations) | USD 11 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year integration plan approved in August 2007 after the CBOT Holdings merger; included employee position reductions, closure of duplicate facilities and consolidation of trading technologies. Cumulative restructuring expense recorded under this plan through fiscal year-end 2009 was $11.2 million against total planned costs of $29.6 million (primarily severance, transitional payments and contract termination penalties). Cash payments substantially complete by July 2008. Number of employees affected not disclosed. | ||
| 2009-12-31 | restructuring | completed | 2008-10 | 2009-08 | Chicago, Illinois and New York City | NYMEX Holdings merger integration (exchange operations) | USD 8 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year integration plan approved in October 2008 after the NYMEX Holdings merger; included employee position reductions and consolidation of trading and other technologies, including completion of the NYMEX/COMEX trading-floor consolidation in Q2 2009. Cumulative restructuring expense recorded under this plan through fiscal year-end 2009 was $7.8 million against total planned costs of $46.8 million (primarily severance, transitional payments and contract termination payments). Cash payments substantially complete by August 2009. Number of employees affected not disclosed. Company-wide FY2009 restructuring expense across plans was $5.3 million. | ||
| 2009-12-31 | restructuring | completed | 2008-10 | 2009-08 | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | NYMEX merger-related restructuring approved October 2008; payments substantially complete by August 2009. Charge shown is total FY2009 restructuring expense per the income statement, covering both the CBOT and NYMEX merger plans. Footnote reports cumulative NYMEX-plan accrual of $36.6M severance plus $10.2M contract terminations through 2009-12-31, with $2.0M severance liability remaining at year-end. Employees affected not disclosed. | ||||
| 2009-12-31 | restructuring | completed | 2007-08 | 2008-07 | Global | CBOT Holdings merger related | USD 30 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Program substantially complete by July 2008. Total costs $29.6 million. | ||
| 2009-12-31 | restructuring | completed | 2008-10 | 2009-08 | Global | NYMEX Holdings merger related | USD 47 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Program substantially complete by August 2009. Total costs $46.8 million. | ||
| 2009-12-31 | restructuring | in_progress | USD 5,300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2009-09-30 | restructuring | in_progress | 2008-10 | USD 47 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program approved October 2008 after the NYMEX merger; involves position reductions and trading/technology consolidation. Total estimated costs of $47.3M, of which $39.1M was recognized in the purchase price allocation (goodwill) and $8.2M as expense; $7.8M expense recorded from inception through 2009-09-30. Cash payments substantially complete by August 2009 with a $2.8M severance liability remaining at quarter end. No employee count disclosed. | |||||
| 2009-09-30 | acquisition_addition | completed | 400 | 2008-08-22 | United States | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 400 employees added in the NYMEX Holdings merger (closed 2008-08-22, prior period); cited in this filing as the driver of year-over-year average headcount increases of about 180 employees (Q3) and about 270 employees (nine months), partially offset by restructuring. Count is approximate and stated as a driver, not a formal acquisition footnote disclosure. | ||||
| 2009-09-30 | restructuring | completed | 2007-08 | 2008-07 | CBOT Holdings | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | CBOT merger restructuring plan. Payments substantially complete by July 2008. Total expense recorded through Sept 30, 2009 was $11.2 million. | |||
| 2009-09-30 | restructuring | completed | 2008-10 | 2009-08 | NYMEX Holdings | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | NYMEX merger restructuring plan. Payments substantially complete by August 2009. Total expense recorded through Sept 30, 2009 was $7.8 million. | |||
| 2009-09-30 | restructuring | in_progress | USD 600,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2009-06-30 | restructuring | in_progress | 2008-10-01 | 2009-08-31 | NYMEX Holdings operations (former NYMEX Holdings employees) | USD 38 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program approved October 2008 covering position reductions and trading technology consolidation; total estimated costs $37.6M, of which $28.9M recognized in NYMEX purchase accounting (increasing goodwill) and $8.7M expected as restructuring expense. $7.1M restructuring expense recorded since inception through June 30, 2009; $4.6M liability remains. Number of employees affected not disclosed. Announcement month stated as October 2008; exact day not disclosed. | |||
| 2009-06-30 | restructuring | completed | 2007-08-01 | 2008-07-31 | CBOT Holdings operations (post-merger integration) | USD 30 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program approved August 2007 covering position reductions, duplicate facility closures and technology consolidation; total estimated costs $30.3M. Payments substantially complete by July 2008; $11.2M expense recorded since inception through June 30, 2009; $1.3M liability remains (severance $0.6M plus contract terminations $0.7M). Number of employees affected not disclosed. Announcement month stated as August 2007; exact day not disclosed. | |||
| 2009-06-30 | restructuring | in_progress | 2007-08 | 2008-07 | CBOT | Operations | USD 30 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | CBOT merger restructuring. Payments substantially complete by July 2008. Total estimated costs $30.3 million. | ||
| 2009-06-30 | restructuring | in_progress | 2008-10 | 2009-08 | NYMEX | Operations | USD 38 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | NYMEX merger restructuring. Includes reductions in employee positions and consolidation of technologies. Payments expected substantially complete by August 2009. | ||
| 2009-03-31 | restructuring | in_progress | 2008-10 | 2009-08 | United States | NYMEX Holdings operations | USD 38 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved October 2008 post-merger; covers employee position reductions and trading/technology consolidation. Of the $38.0M total estimated cost, $28.9M was recognized in NYMEX purchase accounting (increasing goodwill) and $9.1M is recognized as restructuring expense over transitional service periods. $3.0M expense recorded in Q1 2009; approximately $3.7M additional expense expected. No employee headcount affected is disclosed. | ||
| 2009-03-31 | restructuring | completed | 2007-08 | 2008-07 | United States | CBOT Holdings operations | USD 30 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved August 2007 post-merger; severance, facility closures and technology consolidation. Payments substantially complete by July 2008; $0.2M expense recorded in Q1 2009. No employee headcount affected is disclosed. | ||
| 2009-03-31 | acquisition_addition | completed | 400 | 2008-03-17 | 2008-08-22 | United States | NYMEX Holdings operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 400 employees added via the NYMEX Holdings merger, which closed 2008-08-22 (prior to this reporting period); cited in current-quarter MD&A as the primary driver of the 17% average headcount increase. Average headcount rose by about 340 employees (17%) versus Q1 2008, partially offset by restructuring. | ||
| 2009-03-31 | restructuring | in_progress | 2008-10-01 | 2009-08-31 | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | NYMEX restructuring program initiated in Oct 2008. Q1 2009 expense of $3.0M recorded. Total estimated costs $38.0M, primarily severance. | ||||
| 2009-03-31 | restructuring | completed | 2007-08-01 | 2008-07-31 | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | CBOT restructuring program. Payments substantially complete by July 2008. Q1 2009 expense of $0.2M recorded. | ||||
| 2008-12-31 | restructuring | completed | 2007-08 | 2008-07 | Post-CBOT Holdings merger integration — reductions in employee positions, closure of duplicate facilities, consolidation of trading and other technologies | USD 30 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year program initiated August 2007 after the CBOT Holdings merger; FY2008 component: $2.0 million restructuring expense recognized. Cumulative program: total estimated costs $30.1 million (severance and related costs ~$21.1 million accrued; contract terminations ~$8.9 million accrued), cash payments ~$28.3 million, remaining liability ~$1.7 million at 2008-12-31; payments substantially complete by July 2008. No employee headcount disclosed for the program. | |||
| 2008-12-31 | restructuring | in_progress | 2008-10 | 2009-08 | Post-NYMEX Holdings merger integration — reductions in employee positions and consolidation of trading and other technologies | USD 39 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Approved and initiated October 2008 following the NYMEX Holdings merger. Total estimated costs $38.9 million, primarily severance and transitional payments: $29.3 million recognized as a liability in NYMEX purchase accounting (increase to goodwill) and $9.6 million expected over transitional employees' future service period; $2.8 million expense recorded through 2008-12-31. Severance accrual $32.1 million, cash payments $0.8 million, liability $31.3 million at year-end. Payments expected substantially complete by August 2009. No employee headcount disclosed. | |||
| 2008-12-31 | acquisition_addition | completed | 400 | 2008-03-17 | 2008-08-22 | NYMEX Holdings merger (energy and metals exchanges, including COMEX) | MD&A f5-10k / GLM-5.3-flash-HTML | Approximately 400 employees added upon completion of the NYMEX Holdings merger on August 22, 2008 (merger agreement dated March 17, 2008). Cited as a driver of the ~380 increase in average headcount during 2008. | |||
| 2008-12-31 | acquisition_addition | completed | 50 | 2008-03-23 | 2008-03-23 | Credit Market Analysis Limited (CMA) — UK-based credit derivatives market data provider | MD&A f5-10k / GLM-5.3-flash-HTML | Headcount increased by 50 employees as a result of the CMA acquisition completed March 23, 2008. | |||
| 2008-12-31 | other | completed | 30 | 2009-01 | 2009-01 | SEIU-represented service employees (SEIU Local 1 and 25) — group and associated responsibilities outsourced | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Outsourcing of the ~30-employee SEIU group and associated responsibilities occurred in January 2009 — after the 2008 fiscal year-end but before filing. Effectively reduces union-represented headcount from the ~40 disclosed at 2008-12-31. | |||
| 2008-12-31 | restructuring | completed | 2007-08 | 2008-07 | United States | CBOT operations (redundant positions, duplicate facilities, technology consolidation) | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program initiated August 2007 following the CBOT merger; substantially complete by July 2008. Charge shown is FY2008 restructuring expense; total estimated program cost was $30.1 million with $1.7 million of liability remaining at 2008-12-31. Employees affected not disclosed. | ||
| 2008-12-31 | restructuring | in_progress | 2008-10 | 2009-08 | United States | NYMEX operations (redundant positions and technology consolidation) | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charge shown is restructuring expense recorded through 2008-12-31. Total estimated program cost $38.9 million, of which $29.3 million was recognized in purchase accounting (goodwill) and $9.6 million is expected to be expensed over transitional employees' future service periods; $31.3 million liability remained at 2008-12-31. Employees affected not disclosed. | ||
| 2008-12-31 | acquisition_addition | completed | 400 | 2008-08-22 | 2008-08-22 | United States | NYMEX Holdings / NYMEX and COMEX exchanges | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 400 employees added through the NYMEX Holdings merger completed 2008-08-22; figure is from the average-headcount bridge. | ||
| 2008-12-31 | acquisition_addition | completed | 50 | 2008-03-23 | 2008-03-23 | United Kingdom | Credit Market Analysis Limited (market data) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount increased by 50 employees as a result of the CMA acquisition in March 2008. | ||
| 2008-12-31 | other | completed | 30 | 2009-01 | 2009-01 | United States | Facilities/support services (SEIU-represented employees) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: the SEIU-represented group (approximately 30 employees) and associated responsibilities were outsourced in January 2009, after fiscal year-end. | ||
| 2008-12-31 | restructuring | completed | 2007-08 | 2008-07 | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | CBOT Holdings merger restructuring plan initiated in August 2007, substantially complete by July 2008. $2.0 million expense recognized in 2008. | ||||
| 2008-12-31 | restructuring | in_progress | 2008-10 | 2009-08 | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | NYMEX Holdings merger restructuring plan initiated in October 2008. $2.8 million expense recognized through December 31, 2008. Expected to be substantially complete by August 2009. | ||||
| 2008-12-31 | acquisition_addition | completed | 400 | 2008-08-22 | 2008-08-22 | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Addition of approximately 400 employees from NYMEX Holdings merger. | ||||
| 2008-12-31 | acquisition_addition | completed | 50 | 2008-03-23 | 2008-03-23 | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Headcount increased by 50 employees as a result of the CMA acquisition in March 2008. | ||||
| 2008-12-31 | other | completed | 30 | 2009-01 | 2009-01 | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Outsourced group of employees in the Service Employees International Union along with their associated responsibilities, representing approximately 30 employees. Occurred in January 2009 (subsequent event). | ||||
| 2008-09-30 | acquisition_addition | completed | 400 | 2008-03-17 | 2008-08-22 | United States | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 400 employees added through the NYMEX Holdings merger, which closed August 22, 2008; merger agreement dated March 17, 2008. Count is approximate per filer. | ||
| 2008-09-30 | restructuring | completed | 370 | 2007-08 | 2008-07 | United States | Company-wide | USD 30 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-CBOT merger restructuring (redundant positions, duplicate facility closures, technology consolidation); approximately 370 positions eliminated since August 2007 per MD&A. Total estimated restructuring costs of $30.3 million were substantially complete by July 2008; $2.1 million charged year to date in 2008. Position count is approximate per filer. | |
| 2008-09-30 | restructuring | announced | 2008-09-30 | United States | Company-wide | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer had not finalized restructuring plans for the NYMEX Holdings integration as of September 30, 2008 and intended to finalize and initiate the plan in Q4 2008; no employee count or charge disclosed. Related employee separation costs were being recognized in compensation expense pending plan initiation. | ||||
| 2008-09-30 | divestiture_reduction | completed | 2008-09-07 | United States | CBOT metals trading products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of CBOT metals trading products, including open interest, to NYSE Euronext completed September 2008 (filing cites both September 5 and September 7, 2008); no associated headcount disclosed. Carrying amount approximately $28.0 million with a $2.8 million loss recognized. | ||||
| 2008-09-30 | restructuring | completed | 370 | 2007-08 | 2008-07 | USD 30 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Workforce reduction plan initiated in August 2007 to eliminate redundant costs; substantially complete by July 2008. | |||
| 2008-09-30 | acquisition_addition | completed | 690 | 2007-07 | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Addition of approximately 690 employees as part of merger with CBOT Holdings in July 2007. | |||||
| 2008-09-30 | acquisition_addition | completed | 400 | 2008-08 | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Addition of approximately 400 employees as part of merger with NYMEX Holdings in August 2008. | |||||
| 2008-06-30 | restructuring | in_progress | 350 | 2007-08 | 2008-07 | USD 31 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-CBOT merger program approved August 2007: position reductions, duplicate facility closures and trading floor/technology consolidation. Approximately 350 positions eliminated cumulatively since August 2007 (stated as approximate; not quarter-specific). Total estimated restructuring costs of $30.5 million, of which $18.6 million was recognized as a purchase-price liability (allocated to goodwill) and $11.4 million is expensed over the post-merger service period; $10.9 million restructuring expense recorded through June 30, 2008; liability of $7.6 million remained at June 30, 2008. Trading floor consolidation completed May 2008; program substantially complete by July 2008. Announcement month only disclosed (August 2007). | |||
| 2008-06-30 | acquisition_addition | completed | 50 | 2008-03-23 | 2008-03-23 | United Kingdom | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Credit Market Analysis Limited (CMA) and its three subsidiaries closed March 23, 2008; results consolidated from March 24, 2008. Headcount figure is approximate and stated as of June 30, 2008. Separately, the July 12, 2007 CBOT Holdings merger added approximately 690 employees in July 2007 — outside this reporting period, noted here only as context for the year-over-year headcount change and not extracted as a workforce action. | |||
| 2008-06-30 | restructuring | in_progress | 2007-08-01 | 2008-07-31 | Global | Corporate / Operations | USD 2 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Post-merger restructuring approved Aug 2007 to eliminate redundant costs. Includes severance, contract terminations. Substantially complete by July 2008. H1 2008 expense $2.0M. | ||
| 2008-06-30 | acquisition_addition | completed | 690 | 2007-07-12 | 2007-07-12 | United States | All Functions | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Addition of approx 690 employees from CBOT Holdings merger in July 2007. | ||
| 2008-06-30 | reduction_in_force | in_progress | 350 | 2007-08-01 | Global | All Functions | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Ongoing workforce reduction plan eliminated approx 350 positions since August 2007. | |||
| 2008-03-31 | restructuring | in_progress | 2007-08 | 2008-07-31 | United States | Company-wide (duplicate facility closures, workforce reduction, technology consolidation) | USD 34 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | No single total affected-employee count is stated. MD&A reports approximately 250 positions eliminated since August 2007 and approximately 130 additional positions expected, a substantial portion in Q2 2008. Restructuring expense of $10.7 million recorded through March 31, 2008 (including $1.8 million in Q1 2008); approximately $1.1 million of additional expense expected in 2008. $21.1 million of the $33.5 million total was recognized as a liability in CBOT purchase accounting (recorded to goodwill). Footnote states program substantially complete by July 2008; MD&A states June 2008. | ||
| 2008-03-31 | acquisition_addition | completed | 50 | 2008-03-23 | 2008-03-23 | United Kingdom | Credit derivatives market data (Credit Market Analysis Limited) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CME Group acquired CMA on March 23, 2008 for a preliminary purchase price of $93.0 million; results consolidated from March 24, 2008. Headcount of approximately 50 employees is an estimate as of March 31, 2008 per MD&A. | ||
| 2008-03-31 | restructuring | in_progress | 2007-08-01 | 2008-07-31 | USD 2 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Program initiated Aug 2007 to eliminate redundant costs post-CBOT merger. Includes severance, retention bonuses, outplacement, and healthcare subsidies. ~130 additional positions expected to be eliminated in Q2 2008. Total estimated costs $33.5M. | ||||
| 2008-03-31 | acquisition_addition | completed | 50 | 2008-03-23 | 2008-03-23 | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Credit Market Analysis Limited (CMA). Estimated 50 employees included in total headcount as of March 31, 2008. | ||||
| 2007-12-31 | reduction_in_force | in_progress | 380 | 2007-08 | 2008-06-30 | United States | Company-wide — technology, administrative and trading floor operations | USD 23 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Post-merger restructuring plan approved and initiated August 2007 to eliminate redundant costs following the CBOT Holdings merger. Approximately 180 positions eliminated during the third and fourth quarters of 2007; approximately 200 additional positions expected by June 2008, for 380 existing and open positions in total. Total expected severance and transitional payments of $22.7 million (2007 severance costs $19.6 million); 2007 restructuring expense of $8.9 million recorded in the income statement, with $21.1 million of total restructuring costs recognized as a liability in the CBOT purchase price allocation. Severance liability at December 31, 2007: $11.7 million (total accrued restructuring liability $22.4 million); cash severance payments of $7.9 million made in 2007. Restructuring payments substantially complete by July 2008. | |
| 2007-12-31 | restructuring | in_progress | 2007-08 | 2008-07-31 | United States | Closure of duplicate facilities and consolidation of trading and other technologies (e-CBOT platform; trading floor consolidation to 141 West Jackson Boulevard, Chicago, planned for Q2 2008) | USD 11 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Contract termination penalties component of the merger-related restructuring plan; 2007 restructuring costs of $10.4 million and total expected payments of $10.8 million. No employee count disclosed for this component. | ||
| 2007-12-31 | acquisition_addition | completed | 690 | 2007-07-12 | United States | Company-wide (CBOT Holdings operations) | MD&A f5-10k / GLM-5.3-flash-HTML | Approximately 690 employees added through the merger with CBOT Holdings (closed July 12, 2007), per the average headcount discussion; partially offset by a workforce reduction of about 180 employees during H2 2007. Employees of CBOT and C-B-T Corporation continuing employment with CME Group in 2008 were transferred to CME employment effective December 23, 2007. | |||
| 2007-12-31 | acquisition_addition | completed | 690 | 2007-07-12 | 2007-07-12 | United States | CBOT Holdings (all functions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 690 employees added via the CBOT Holdings merger; offset in part by a workforce reduction of about 180 employees in Q3-Q4 2007, yielding average headcount growth of about 320 (23%) for the year. | ||
| 2007-12-31 | restructuring | in_progress | 180 | 2007-08-31 | 2008-06-30 | United States | Company-wide (staffing, technology and facilities consolidation) | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | About 180 employees eliminated through December 31, 2007; approximately 200 additional positions expected to be eliminated by June 2008, for 380 total existing and open positions by mid-2008. Total estimated restructuring costs of $33.6M, of which $8.9M expense recorded in 2007 and $21.1M recognized in purchase price allocation (increasing goodwill). Payments substantially complete by July 2008. Program approved August 2007; announcement_date is approximate (month of approval). | |
| 2007-12-31 | restructuring | in_progress | 380 | 2007-07-12 | 2008-06-30 | Chicago, Illinois | Technology and Administrative | USD 34 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Staff reductions of 380 existing and open positions to be complete by mid-2008. Total estimated restructuring costs $33.6 million. $8.9 million expense recorded in 2007. Includes severance, contract terminations, and outplacement. | |
| 2007-09-30 | restructuring | in_progress | 380 | 2007-08 | 2008-06-30 | United States | Company-wide | USD 33 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-merger plan to cut redundant costs; $33.1M total estimated costs, substantially complete by July 2008; $20.2M booked in purchase price (goodwill), $4.5M expense recorded through 2007-09-30, remaining $12.9M to be expensed over transitional service periods; MD&A states ~380 positions to be eliminated by June 2008 | |
| 2007-09-30 | acquisition_addition | completed | 690 | 2007-07-12 | United States | Company-wide | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 690 employees added via CBOT Holdings merger effective 2007-07-12; drove 43% average headcount increase in Q3 versus prior-year quarter | |||
| 2007-09-30 | restructuring | in_progress | 380 | 2007-08-01 | 2008-06-30 | Global | Corporate / Operations | USD 33 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Plan to close duplicate facilities and reduce workforce to improve operating efficiencies. Expected to eliminate approximately 380 positions by June 2008. Total estimated costs $33.1 million. | |
| 2007-09-30 | acquisition_addition | completed | 690 | 2007-07-13 | 2007-07-13 | United States | All Functions | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Addition of approximately 690 employees from merger with CBOT Holdings. | ||
| 2007-06-30 | restructuring | announced | Merger-related staffing, technology and facilities plans | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer states merger-related staffing, technology and facilities plans are being finalized and restructuring charges will begin in 2H 2007; charge amount and headcount impact stated as not determinable. No announcement date or affected-employee count disclosed. | ||||||
| 2007-06-30 | acquisition_addition | completed | 2006-10-17 | 2007-07-12 | United States | CBOT Holdings, Inc. (merged into CME Holdings) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger effective 2007-07-12, after the quarter covered by this report; CBOT financial results included from 2007-07-13. Number of CBOT employees added not disclosed. Related transaction costs of $57.3 million incurred through 2007-06-30 per Risk Factors. | |||
| 2006-12-31 | acquisition_addition | completed | 2006-08-25 | 2006-08-25 | United Kingdom | Swapstream (electronic interest rate swap trading platform) | MD&A f5-10k / GLM-5.3-flash-HTML | CME Swaps Marketplace Ltd acquired 100% of the Swapstream entities on August 25, 2006; the filing states this acquisition contributed to the 7% increase in average headcount during 2006. Number of employees added was not disclosed. | |||
| 2006-12-31 | acquisition_addition | announced | 2006-10-17 | 2007-06 | United States | CBOT Holdings / Chicago Board of Trade | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Definitive merger agreement with CBOT Holdings; disclosed as expected to close by mid-year 2007, subject to shareholder, member and regulatory approvals. Integration contemplates consolidating the two trading floors, market data services and regulatory functions. Expected annual expense savings of more than $125 million in the second year post-close, largely from technology and administrative cost reductions and more efficient trading floor operations. No headcount figures disclosed. | |||
| 2006-12-31 | acquisition_addition | completed | 2006-08-25 | 2006-08-25 | United Kingdom | Swapstream interest rate swaps platform | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Swapstream completed August 25, 2006; MD&A notes the acquisition contributed to the 7% (87 employee) increase in average headcount during 2006. Headcount added not separately quantified. | |||
| 2006-12-31 | acquisition_addition | completed | 2006-08-01 | 2006-08-31 | Global | Technology | USD 18 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Swapstream completed in August 2006 contributed to increase in average headcount. Specific headcount added not disclosed. | ||
| 2006-09-30 | acquisition_addition | completed | 2006-08-25 | 2006-08-25 | United Kingdom | Interest rate swaps trading platform (Swapstream) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CME Holdings acquired Swapstream, an inter-dealer electronic trading platform. MD&A states the acquisition contributed to the Q3 increase in average headcount, but no employee count is disclosed. | |||
| 2006-06-30 | acquisition_addition | announced | 2006-07-05 | United Kingdom | Interest rate swaps trading platform (Swapstream) | USD 15 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Swapstream announced July 5, 2006; initial cost $15.0 million plus up to $20.2 million contingent consideration. No employee count disclosed; CME Swaps Marketplace Limited was established in June 2006 in conjunction with the pending acquisition. |