The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.
CME Group removed two legacy risks from its 2024 filing: the COVID-19 pandemic impact and the LIBOR-to-SOFR transition, both of which have either resolved or been completed. The company added a new cybersecurity risk focused on potential attacks on its operations and systems, reflecting heightened emphasis on operational resilience. The risk regarding customer retention and trading volume was substantively modified, indicating CME updated its disclosure language on this core business vulnerability.
✓ Deterministic extraction — no AI-generated data
Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.
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New Risks
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Removed
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Modified
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Unchanged
🟢 New in Current Filingoperations, which could cause us to lose customers and trading volume and result in substantial liabilities. We also could be required to incur significant expense to protect or remediate damage to our systems and/or investigate any alleged attack.🔒
🔴 No Match in Current FilingThe COVID-19 pandemic has negatively affected the global economy, including the U.S. economy and the global financial markets, and has disrupted our business and our clients’ businesses. The ultimate impact from COVID-19, including duration, is unknown and could have an adverse effect on our business, financial condition and results of operations.🔒
🔴 No Match in Current FilingOur Three-Month Eurodollar futures and options contracts are based on the three-month U.S. Dollar London Interbank Offered Rate (LIBOR) underlying rate and will be transitioned to the three-month Secured Overnight Financing Rate (SOFR) futures and options in the first half of 2023. To the extent trading in Eurodollar contracts decreases ahead of this transition or our alternative contracts are not successful, our revenues would be negatively impacted. Certain of our other businesses could also be negatively affected by changes to LIBOR.🔒
🟡 ModifiedOur trading volume, and consequently our revenues and profits, would be adversely affected if we are unable to retain our current customers at substantially similar trading levels or attract new customers.🔒
4 changes in this historical filing
Historical year-over-year comparisons (2024 vs 2023 and earlier) are available on the Pro plan.