Goldman Sachs Group Inc. (NYSE: GS) Downgrades CME Group (NASDAQ: CME)

Goldman Sachs Group Inc. (NYSE: GS) Downgrades CME Group (NASDAQ: CME)

Goldman Sachs Group Inc. (NYSE: GS) analysts downgraded shares of CME Group (NASDAQ: CME) from “Neutral” to “buy” and removed the stock from its conviction buy list. The company said that it’s seeing lower volumes and that the benefit from financial regulation may take longer to materialize.

CME Group Inc. offers access to all asset classes for futures products from a single electronic trading platform, and on trading floors in Chicago and New York City. The Company offers markets in futures and options on futures contracts based on the United States interest rate yield curve, equity indexes, foreign exchange, agricultural commodities, energy, metals and alternative investment products. Its products are traded through the CME Globex electronic trading platform, its open outcry auction markets in Chicago and New York City or through privately negotiated transactions that the Company clears. It serves the risk management and investment needs of customers around the globe. As of December 31, 2009, the Company had approximately 140 clearing firms. In April 2009, the Company acquired the Carvill Hurricane Index from Carvill America Inc. and renamed it the CME Hurricane Index.

Shares of CME traded down 0.70% hitting $250.36 during mid-day trading on Thursday.

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