Broadening the Growth Playbook

研报英文原文证据摘录

Broadening the Growth Playbook

arch estimates, a = Actual Company reported data

Compute futures launch later this year, giving CME an AI catalyst and new

growth vector as compute emerges as a tradable input cost Check out our other recent reports:

Perpetual futures pose limited risk; 94% of CME volume is institutional, core Brokers & Exchanges: 2Q26 Preview: Catalyst-

clients show limited interest, and CME can launch the product if demand Rich Path Ahead Despite 2Q Selloff (10 Jul

develops 2026)

Exchanges: Digital Rails, Traditional Trust;

CME’s 24/7 rollout is gaining traction; crypto traded over $1.5b over eight

Implications of the Next Market Structure Stack

weekends, 1-Ounce Gold is moving to 24/7, while oil remains under CFTC review

(23 Jun 2026)

Treasury Link deepens CME’s rates moat by connecting cash and futures liquidity, Global Banks & Exchanges: Digital Rails, Real

cutting legging risk and extending ~$27b of daily margin savings for all users Economics: Digital Assets & the Future of

Wholesale Banking (2 Jun 2026)

Reiterate OW. We see CME broadening its long-term growth opportunity set

CME Group Inc.: Broadening Access, Deepening

across a number of emerging vectors, including single stock and compute futures,

the Moat, and Building CME's Next Growth Legs

24/7 trading across crypto, gold (and potentially oil), Treasury Link, prediction

(23 Apr 2026)

markets, and tokenization through its partnership with Google. In our view, these

initiatives expand CME's addressable markets, deepen client engagement, and create

Morgan Stanley does and seeks to do business with

incremental secular revenue opportunities that could drive meaningful upward companies covered in Morgan Stanley Research. As a result,

investors should be aware that the firm may have a conflict of