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The Product Model illustrates the product hierarchy which defines the marketplace at CME Group where securities, commodities, derivatives and other financial instruments are traded. This marketplace on the CME Globex platform consists of the following inter-related components.

Instrument and Contract are synonymous on the CME Globex platform. 


CME Group exchanges include CME, CBOT, NYMEX, COMEX and KCBT. Various products are traded on certain exchanges. For example, precious metals are listed as COMEX Products.