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CME · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is CME Group Inc. (CME) stock moving?
CME closed at $309.09 on Nov 10, up about 1.5% from $304.52 on Nov 9 and near the top of its 30-day range (about $291 to $313). Volume on Nov 10 was 1.77M shares, below the roughly 2M daily average, so the rise lacks heavy participation. The main fundamental news is a record October 2026 average daily volume of 30M contracts, up 15% year-over-year, which points to strong trading activity. Analyst targets are mostly above the current price: Autonomous Research raised its target to $321 from $311 and Keefe Bruyette & Woods trimmed it to $325 from $330. A quarterly dividend of $1.30 was declared for Q4 2026. Two insider share sales (about $1.49M and $3.08M) are a modest negative signal. The 8-K and 10-Q filings for Q3 2026 were found, but their financial details were not available in the provided text, so the assessment relies on the news and price data.
News behind the analysis
- Keefe Bruyette & Woods Adjusts Price Target on CME GroupKeefe Bruyette & Woods lowered its CME price target to $325 from $330, still above the Nov 10 close of $309.09.
- CME Group Inc. Declares Fourth-Quarter DividendCME declared a quarterly dividend of $1.30 per share for the fourth quarter of 2026.
- Purdue University/CME Group Ag Economy Barometer Rises in OctoberThe Ag Economy Barometer rose to 126 in October 2026 from 123 in September, signaling improved farmer sentiment. This is a tangential data point for CME.
- CME Group Reports Record October Average Daily VolumeCME reported a record October 2026 average daily volume of 30 million contracts, up 15% year-over-year.
- CME Group Insider Executes Significant Share SaleA CME insider sold shares worth about $3.08 million, according to a recent SEC filing.
- Autonomous Research Adjusts CME Group Price Target to $321 From $311Autonomous Research raised its CME price target to $321 from $311.
- CME Group Insider Executes Share SaleA CME insider sold shares worth about $1.49 million, according to a recent SEC filing.
About CME Group Inc.
CME Group is the world's largest derivatives exchange operator. It runs the Chicago Mercantile Exchange, CBOT, NYMEX and COMEX, and it owns the benchmark futures and options for interest rates, stock indexes, energy, metals, farm products, currencies and crypto. It also runs one of the world's biggest clearing houses, CME Clearing, which stands in the middle of trades to guarantee them.
How it makes money
Most revenue, roughly 80%+, comes from clearing and transaction fees charged on each futures and options contract traded and cleared. In Q3 2026 that was about $1.4 billion of about $1.7 billion total revenue. The main source of that volume is interest-rate products, followed by equity index, energy, agricultural, metals and FX contracts. Market data sales are a growing second source of revenue, a record of about $243 million in Q3 2026, up about 20%. Smaller amounts come from cash and OTC platforms such as BrokerTec (Treasuries) and EBS (FX), plus other fees.
What usually moves CME
- Trading volumes and market volatility
- Interest-rate uncertainty and Fed policy
- Energy and commodity price swings
- Competition from new futures exchanges and regulatory changes
- Market data pricing and growth in international customers