CME · 10-Q · 2026Q3 · Full report

Revenue Concentration Risk

CME GROUP INC. · 2026-10-23 · Importance 50 · Surprise 24

One individual clearing firm represented at least 10% of CME Group’s clearing and transaction fees in the first nine months of 2026. The two largest market-data resellers together represented approximately 25% of market data and information services revenue during that period. CME Group said it considers significant revenue-loss risk from these concentrations minimal, because customers would likely transfer to another clearing firm or reseller if a provider stopped subscribing.

Key facts

• The two largest resellers represented approximately 25% of CME Group's market data and information services revenue in the first nine months of 2026. source
• One individual clearing firm represented at least 10% of CME Group's clearing and transaction fees in the first nine months of 2026. source
• CME Group stated that the loss of a particular clearing firm's revenue would not pose significant ongoing risk because the firm's customer trading activity would likely transfer to another exchange clearing firm. source
• CME Group stated that exposure to significant revenue loss from either of its two largest market data resellers was minimal because customers would likely subscribe through another reseller, and some institutional customers report usage and remit fees directly to CME Group. source