BY PATRICK TEMPLE-WEST – MEDILL NEWS SERVICE
We’re reporting live from the CME Group shareholders meeting at the University of Chicago Gleacher Center. Thanks to a former U of C student named Scott, whose login and password to the wireless are making these posts possible. Thanks Scott!
The wet weather has not dimmed the enthusiasm and turnout (plus there’s free food). The room is full of shareholders here today are no doubt eager to hear about CME’s plans for the future and how trading has transitioned to the Chicago Board of Trade. This is the first shareholders meeting since the CME merged with the CBOT. Despite the strong results in the first quarter of 2008, CME’s stock price has dropped 4.7 percent in the last 52 weeks. The stock hit at 52 week low of $399 on March 17.