SIC 6200 Security & Commodity Brokers, Dealers, Exchanges & Services

CME Group Inc. vs Nasdaq Inc.

WatchlistCME / NDAQPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($106B vs $52B) with SEC SIC 6200 (Security & Commodity Brokers, Dealers, Exchanges & Services).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.34 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.56 (needs <= -2.873 (5% critical value))
Business leadership

NDAQ is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearCMENDAQLarger
2025$6.5B$8.3BNDAQ
2024$6.1B$7.4BNDAQ
2023$5.6B$6.1BNDAQ
2022$5.0B$6.2BNDAQ
2021$4.7B$5.9BNDAQ
2020$4.9B$5.6BNDAQ

Revenue lead switched: 2020 to NDAQ. Market value: CME $105.5B, NDAQ $52.1B.

Stock leadership

NDAQ is ahead now

Measured against the pair's own last 252 trading days.

NDAQ leads CME by 0.36 standard deviations: +3.6% over its usual price ratio. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
CME+19.8%+7.2%+13.9%
NDAQ+12.2%+18.7%+14.4%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.34 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.56 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 35.39 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CME CME Group Inc. NDAQ Nasdaq Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100120140Oct 2024Oct 2025Oct 2026
Spread z-score: CME relative to NDAQ, against the 252 sessions before each day. Above 0: CME ahead; below 0: NDAQ ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCME indexNDAQ indexzAhead
2026-10-22134.01137.90-0.36near the usual relationship
2026-10-21129.55128.31+0.03near the usual relationship
2026-10-20129.34126.55+0.16near the usual relationship
2026-10-19128.56124.42+0.27near the usual relationship
2026-10-16128.71125.44+0.20near the usual relationship
2026-10-15126.78124.82+0.10near the usual relationship
2026-10-14125.08122.76+0.13near the usual relationship
2026-10-13121.77124.79-0.31near the usual relationship
2026-10-12121.43125.87-0.43near the usual relationship
2026-10-09122.88125.02-0.24near the usual relationship
2026-10-08121.08123.31-0.25near the usual relationship
2026-10-07118.37122.72-0.43near the usual relationship
2026-10-06118.33123.17-0.48near the usual relationship
2026-10-05118.27123.07-0.48near the usual relationship
2026-10-02115.25120.58-0.53NDAQ ahead
2026-10-01116.11122.37-0.61NDAQ ahead
2026-09-30114.74122.83-0.78NDAQ ahead
2026-09-29115.29122.61-0.71NDAQ ahead
2026-09-28115.29123.64-0.80NDAQ ahead
2026-09-25115.84124.88-0.86NDAQ ahead
2026-09-24117.78126.22-0.80NDAQ ahead
2026-09-23118.61127.41-0.83NDAQ ahead
2026-09-22117.03126.15-0.87NDAQ ahead
2026-09-21120.68126.41-0.57NDAQ ahead
2026-09-18120.89124.87-0.42near the usual relationship
2026-09-17118.76121.89-0.35near the usual relationship
2026-09-16119.33118.49+0.00near the usual relationship
2026-09-15120.48119.12+0.05near the usual relationship
2026-09-14122.84122.24-0.02near the usual relationship
2026-09-11120.68121.73-0.15near the usual relationship
2026-09-10120.04122.83-0.30near the usual relationship
2026-09-09120.31125.78-0.51NDAQ ahead
2026-09-08121.86126.87-0.47near the usual relationship
2026-09-04123.20129.33-0.55NDAQ ahead
2026-09-03123.53131.77-0.72NDAQ ahead
2026-09-02121.66127.78-0.56NDAQ ahead
2026-09-01125.46130.21-0.43near the usual relationship
2026-08-31125.04131.64-0.58NDAQ ahead
2026-08-28125.18132.57-0.64NDAQ ahead
2026-08-27123.05132.63-0.82NDAQ ahead
2026-08-26123.06132.79-0.83NDAQ ahead
2026-08-25121.46131.80-0.89NDAQ ahead
2026-08-24122.27131.88-0.83NDAQ ahead
2026-08-21120.44131.12-0.93NDAQ ahead
2026-08-20118.64130.22-1.01NDAQ ahead
2026-08-19116.91128.62-1.04NDAQ ahead
2026-08-18118.93129.10-0.90NDAQ ahead
2026-08-17117.33129.06-1.04NDAQ ahead
2026-08-14118.17129.52-1.01NDAQ ahead
2026-08-13117.03130.28-1.17NDAQ ahead
2026-08-12114.83127.70-1.17NDAQ ahead
2026-08-11113.58126.85-1.22NDAQ ahead
2026-08-10115.47127.65-1.12NDAQ ahead
2026-08-07115.48126.27-1.01NDAQ ahead
2026-08-06115.77126.42-1.00NDAQ ahead
2026-08-05115.97126.23-0.97NDAQ ahead
2026-08-04115.03124.98-0.95NDAQ ahead
2026-08-03116.58125.67-0.87NDAQ ahead
2026-07-31117.29125.74-0.81NDAQ ahead
2026-07-30117.04127.03-0.94NDAQ ahead
2026-07-29116.26127.55-1.06NDAQ ahead
2026-07-28113.88128.10-1.33NDAQ ahead
2026-07-27111.84125.40-1.30NDAQ ahead
2026-07-24111.82122.93-1.10NDAQ ahead
2026-07-23111.39120.70-0.96NDAQ ahead
2026-07-22109.16121.35-1.24NDAQ ahead
2026-07-21103.97120.46-1.69NDAQ ahead
2026-07-20107.35122.64-1.56NDAQ ahead
2026-07-17107.33122.33-1.54NDAQ ahead
2026-07-16107.86125.82-1.81NDAQ ahead
2026-07-15107.38121.96-1.54NDAQ ahead
2026-07-14106.70117.49-1.21NDAQ ahead
2026-07-13107.35119.09-1.30NDAQ ahead
2026-07-10105.23117.58-1.39NDAQ ahead
2026-07-09104.99116.83-1.35NDAQ ahead
2026-07-08106.46112.66-0.80NDAQ ahead
2026-07-07105.44115.38-1.18NDAQ ahead
2026-07-06102.82112.76-1.21NDAQ ahead
2026-07-02103.63113.02-1.16NDAQ ahead
2026-07-01101.17110.44-1.17NDAQ ahead
2026-06-3096.72105.22-1.14NDAQ ahead
2026-06-2995.73102.58-0.98NDAQ ahead
2026-06-2696.79104.87-1.11NDAQ ahead
2026-06-2598.55103.66-0.78NDAQ ahead
2026-06-24101.47108.94-1.02NDAQ ahead
2026-06-23106.11110.12-0.64NDAQ ahead
2026-06-22107.39110.28-0.52NDAQ ahead
2026-06-18107.91109.79-0.42near the usual relationship
2026-06-17110.61111.19-0.28near the usual relationship
2026-06-16114.58119.20-0.67NDAQ ahead
2026-06-15116.54121.53-0.71NDAQ ahead
2026-06-12118.05118.78-0.30near the usual relationship
2026-06-11114.83115.79-0.33near the usual relationship
2026-06-10115.54115.77-0.25near the usual relationship
2026-06-09112.10116.83-0.71NDAQ ahead
2026-06-08110.38115.85-0.79NDAQ ahead
2026-06-05112.74116.51-0.62NDAQ ahead
2026-06-04112.15118.08-0.84NDAQ ahead
2026-06-03110.65115.89-0.79NDAQ ahead
2026-06-02109.73117.35-1.03NDAQ ahead
2026-06-01112.89123.90-1.34NDAQ ahead
2026-05-29119.81123.51-0.63NDAQ ahead
2026-05-28121.50121.48-0.29near the usual relationship
2026-05-27122.24120.85-0.17near the usual relationship
2026-05-26123.75121.32-0.08near the usual relationship
2026-05-22127.55121.49+0.24near the usual relationship
2026-05-21126.70120.69+0.24near the usual relationship
2026-05-20127.07120.16+0.32near the usual relationship
2026-05-19132.43122.79+0.54CME ahead
2026-05-18133.64123.62+0.56CME ahead
2026-05-15130.90121.56+0.52CME ahead
2026-05-14130.39121.39+0.49near the usual relationship
2026-05-13130.14120.42+0.56CME ahead
2026-05-12125.15119.46+0.20near the usual relationship
2026-05-11123.76118.12+0.20near the usual relationship
2026-05-08123.18118.69+0.09near the usual relationship
2026-05-07125.64118.81+0.29near the usual relationship
2026-05-06126.29119.08+0.31near the usual relationship
2026-05-05125.62118.81+0.27near the usual relationship
2026-05-04127.14121.88+0.12near the usual relationship
2026-05-01126.81121.91+0.09near the usual relationship
2026-04-30126.06122.69-0.05near the usual relationship
2026-04-29125.82121.84+0.00near the usual relationship
2026-04-28124.62121.89-0.12near the usual relationship
2026-04-27123.48120.72-0.12near the usual relationship
2026-04-24124.85120.01+0.06near the usual relationship
2026-04-23125.03116.19+0.41near the usual relationship
2026-04-22125.14115.30+0.49near the usual relationship
2026-04-21124.56116.94+0.29near the usual relationship
2026-04-20125.90117.18+0.37near the usual relationship
2026-04-17125.99118.29+0.28near the usual relationship
2026-04-16129.74118.64+0.55CME ahead
2026-04-15130.04118.21+0.60CME ahead
2026-04-14130.09115.75+0.82CME ahead
2026-04-13131.65115.00+1.01CME ahead
2026-04-10129.34111.01+1.18CME ahead
2026-04-09130.93112.41+1.17CME ahead
2026-04-08132.63117.59+0.83CME ahead
2026-04-07136.03115.34+1.29CME ahead
2026-04-06135.15117.34+1.05CME ahead
2026-04-02133.63115.67+1.08CME ahead
2026-04-01130.05113.67+0.98CME ahead
2026-03-31129.36113.32+0.96CME ahead
2026-03-30130.33111.49+1.20CME ahead
2026-03-27128.67108.77+1.33CME ahead
2026-03-26130.33111.84+1.18CME ahead
2026-03-25128.74111.79+1.06CME ahead
2026-03-24132.57112.51+1.30CME ahead
2026-03-23134.27115.34+1.18CME ahead
2026-03-20134.60115.26+1.21CME ahead
2026-03-19136.09115.16+1.34CME ahead
2026-03-18135.29114.06+1.38CME ahead
2026-03-17137.23115.43+1.41CME ahead
2026-03-16137.45114.60+1.50CME ahead
2026-03-13136.39114.18+1.46CME ahead
2026-03-12136.30112.21+1.64CME ahead
2026-03-11132.85114.14+1.19CME ahead
2026-03-10134.17116.94+1.05CME ahead
2026-03-09139.76117.54+1.42CME ahead
2026-03-06138.88118.05+1.32CME ahead
2026-03-05138.76117.83+1.34CME ahead
2026-03-04140.15118.98+1.36CME ahead
2026-03-03142.40116.69+1.75CME ahead
2026-03-02142.98117.59+1.72CME ahead
2026-02-27139.94116.91+1.57CME ahead
2026-02-26138.60118.26+1.36CME ahead
2026-02-25134.62112.12+1.63CME ahead
2026-02-24139.73108.28+2.45CME ahead
2026-02-23137.53106.69+2.48CME ahead
2026-02-20134.94109.29+2.03CME ahead
2026-02-19133.11108.68+1.96CME ahead
2026-02-18132.51109.64+1.83CME ahead
2026-02-17132.81107.12+2.15CME ahead
2026-02-13132.74106.09+2.28CME ahead
2026-02-12132.11105.47+2.33CME ahead
2026-02-11132.48107.36+2.19CME ahead
2026-02-10134.36110.15+2.08CME ahead
2026-02-09134.57115.20+1.58CME ahead
2026-02-06132.39113.24+1.61CME ahead
2026-02-05130.25114.15+1.33CME ahead
2026-02-04129.04118.13+0.82CME ahead
2026-02-03128.36117.09+0.87CME ahead
2026-02-02127.35129.24-0.40near the usual relationship
2026-01-30126.60129.34-0.47near the usual relationship
2026-01-29126.94130.94-0.59NDAQ ahead
2026-01-28125.28131.77-0.82NDAQ ahead
2026-01-27124.60131.49-0.86NDAQ ahead
2026-01-26124.41132.01-0.92NDAQ ahead
2026-01-23123.83130.89-0.88NDAQ ahead
2026-01-22123.24131.86-1.02NDAQ ahead
2026-01-21122.23131.86-1.13NDAQ ahead
2026-01-20122.60130.04-0.93NDAQ ahead
2026-01-16122.42134.80-1.38NDAQ ahead
2026-01-15119.39133.93-1.61NDAQ ahead
2026-01-14120.55133.59-1.48NDAQ ahead
2026-01-13117.58132.01-1.65NDAQ ahead
2026-01-12116.06132.72-1.89NDAQ ahead
2026-01-09114.95131.14-1.88NDAQ ahead
2026-01-08116.78133.15-1.88NDAQ ahead
2026-01-07116.87134.03-1.98NDAQ ahead
2026-01-06117.88134.41-1.92NDAQ ahead
2026-01-05120.47131.42-1.38NDAQ ahead
2026-01-02118.11129.03-1.40NDAQ ahead
2025-12-31119.60129.66-1.31NDAQ ahead
2025-12-30120.81131.06-1.33NDAQ ahead
2025-12-29121.94131.99-1.31NDAQ ahead
2025-12-26121.20132.63-1.46NDAQ ahead
2025-12-24121.05131.68-1.39NDAQ ahead
2025-12-23120.68130.84-1.36NDAQ ahead
2025-12-22119.66130.10-1.41NDAQ ahead
2025-12-19117.86127.30-1.33NDAQ ahead
2025-12-18116.52126.43-1.39NDAQ ahead
2025-12-17119.89125.10-0.88NDAQ ahead
2025-12-16119.55124.06-0.81NDAQ ahead
2025-12-15119.21124.06-0.85NDAQ ahead
2025-12-12119.81124.91-0.87NDAQ ahead
2025-12-11119.31125.28-0.97NDAQ ahead
2025-12-10116.65122.71-0.99NDAQ ahead
2025-12-09118.31121.11-0.64NDAQ ahead
2025-12-08118.44119.88-0.49near the usual relationship
2025-12-05118.64120.44-0.53NDAQ ahead
2025-12-04119.65120.53-0.43near the usual relationship
2025-12-03120.16117.90-0.08near the usual relationship
2025-12-02121.54118.16+0.04near the usual relationship
2025-12-01122.19119.29-0.01near the usual relationship
2025-11-28123.27121.37-0.11near the usual relationship
2025-11-26123.02120.12+0.00near the usual relationship
2025-11-25121.31119.00-0.05near the usual relationship
2025-11-24120.74118.06-0.01near the usual relationship
2025-11-21119.61117.02-0.01near the usual relationship
2025-11-20120.54116.13+0.19near the usual relationship
2025-11-19119.35114.83+0.21near the usual relationship
2025-11-18122.32114.19+0.60CME ahead
2025-11-17122.25114.40+0.57CME ahead
2025-11-14124.84116.25+0.64CME ahead
2025-11-13124.19116.71+0.53CME ahead
2025-11-12122.45118.50+0.17near the usual relationship
2025-11-11122.13117.25+0.27near the usual relationship
2025-11-10121.44117.23+0.21near the usual relationship
2025-11-07121.10116.46+0.26near the usual relationship
2025-11-06118.88115.06+0.18near the usual relationship
2025-11-05117.38114.22+0.12near the usual relationship
2025-11-04117.31114.63+0.07near the usual relationship
2025-11-03115.70115.33-0.18near the usual relationship
2025-10-31116.28114.12+0.01near the usual relationship
2025-10-30115.14114.35-0.13near the usual relationship
2025-10-29114.55114.03-0.16near the usual relationship
2025-10-28116.65117.42-0.30near the usual relationship
2025-10-27118.73118.52-0.20near the usual relationship
2025-10-24118.05118.06-0.22near the usual relationship
2025-10-23117.77118.57-0.30near the usual relationship
2025-10-22117.30116.70-0.15near the usual relationship
2025-10-21117.65120.58-0.53NDAQ ahead
2025-10-20117.21118.62-0.37near the usual relationship
2025-10-17117.35118.26-0.32near the usual relationship
2025-10-16114.97117.39-0.48near the usual relationship
2025-10-15117.44119.64-0.46near the usual relationship
2025-10-14117.02119.53-0.49near the usual relationship
2025-10-13118.82119.33-0.28near the usual relationship
2025-10-10118.89118.68-0.21near the usual relationship
2025-10-09117.75122.01-0.67NDAQ ahead
2025-10-08116.04119.97-0.65NDAQ ahead
2025-10-07115.45118.06-0.51NDAQ ahead
2025-10-06114.77117.70-0.55NDAQ ahead
2025-10-03115.92116.95-0.35near the usual relationship
2025-10-02116.25116.59-0.27near the usual relationship
2025-10-01116.43116.02-0.19near the usual relationship
2025-09-30118.34118.08-0.21near the usual relationship
2025-09-29119.24118.42-0.15near the usual relationship
2025-09-26118.38116.82-0.07near the usual relationship
2025-09-25117.70115.78-0.02near the usual relationship
2025-09-24115.82116.34-0.28near the usual relationship
2025-09-23114.73118.06-0.58NDAQ ahead
2025-09-22114.35120.05-0.83NDAQ ahead
2025-09-19114.55119.57-0.76NDAQ ahead
2025-09-18114.13118.64-0.71NDAQ ahead
2025-09-17114.93124.28-1.21NDAQ ahead
2025-09-16113.80123.53-1.26NDAQ ahead
2025-09-15113.36123.96-1.36NDAQ ahead
2025-09-12114.88125.42-1.35NDAQ ahead
2025-09-11114.92127.99-1.62NDAQ ahead
2025-09-10113.84126.36-1.59NDAQ ahead
2025-09-09114.55126.66-1.55NDAQ ahead
2025-09-08115.01126.81-1.52NDAQ ahead
2025-09-05114.72124.79-1.35NDAQ ahead
2025-09-04117.13125.88-1.20NDAQ ahead
2025-09-03117.97125.18-1.04NDAQ ahead
2025-09-02116.24124.94-1.22NDAQ ahead
2025-08-29116.73126.47-1.33NDAQ ahead
2025-08-28116.84127.14-1.39NDAQ ahead
2025-08-27118.31126.61-1.18NDAQ ahead
2025-08-26118.96126.69-1.12NDAQ ahead
2025-08-25118.86125.91-1.05NDAQ ahead
2025-08-22118.04126.49-1.20NDAQ ahead
2025-08-21119.71125.43-0.91NDAQ ahead
2025-08-20120.27126.15-0.93NDAQ ahead
2025-08-19118.91125.26-0.99NDAQ ahead
2025-08-18118.43125.94-1.12NDAQ ahead
2025-08-15119.97126.39-1.00NDAQ ahead
2025-08-14120.31127.35-1.06NDAQ ahead
2025-08-13119.97127.58-1.13NDAQ ahead
2025-08-12120.83128.33-1.12NDAQ ahead
2025-08-11125.15129.41-0.77NDAQ ahead
2025-08-08123.60129.29-0.92NDAQ ahead
2025-08-07123.05128.75-0.93NDAQ ahead
2025-08-06123.23128.90-0.93NDAQ ahead
2025-08-05124.65128.61-0.75NDAQ ahead
2025-08-04125.74129.37-0.71NDAQ ahead
2025-08-01122.97127.05-0.76NDAQ ahead
2025-07-31121.88128.45-1.02NDAQ ahead
2025-07-30121.65128.14-1.02NDAQ ahead
2025-07-29120.27127.93-1.15NDAQ ahead
2025-07-28120.06127.01-1.09NDAQ ahead
2025-07-25122.44126.61-0.79NDAQ ahead
2025-07-24121.40124.82-0.71NDAQ ahead
2025-07-23121.09117.85+0.02near the usual relationship
2025-07-22120.29118.72-0.17near the usual relationship
2025-07-21120.44119.13-0.20near the usual relationship
2025-07-18120.31119.30-0.24near the usual relationship
2025-07-17121.68120.08-0.17near the usual relationship
2025-07-16121.55118.86-0.05near the usual relationship
2025-07-15120.44118.05-0.08near the usual relationship
2025-07-14121.35119.69-0.17near the usual relationship
2025-07-11120.48119.36-0.23near the usual relationship
2025-07-10120.53121.12-0.42near the usual relationship
2025-07-09120.73119.92-0.27near the usual relationship
2025-07-08120.72118.26-0.09near the usual relationship
2025-07-07123.75120.88-0.05near the usual relationship
2025-07-03121.19120.24-0.26near the usual relationship
2025-07-02120.80119.50-0.22near the usual relationship
2025-07-01120.63118.73-0.16near the usual relationship
2025-06-30120.72119.37-0.23near the usual relationship
2025-06-27120.34118.92-0.22near the usual relationship
2025-06-26119.49117.99-0.21near the usual relationship
2025-06-25119.58117.54-0.15near the usual relationship
2025-06-24118.86117.63-0.25near the usual relationship
2025-06-23119.42115.78+0.02near the usual relationship
2025-06-20120.00114.94+0.18near the usual relationship
2025-06-18119.17115.30+0.04near the usual relationship
2025-06-17118.12114.74-0.01near the usual relationship
2025-06-16117.16115.71-0.23near the usual relationship
2025-06-13118.04114.26+0.03near the usual relationship
2025-06-12118.68116.01-0.10near the usual relationship
2025-06-11118.10115.86-0.16near the usual relationship
2025-06-10116.55114.90-0.23near the usual relationship
2025-06-09117.53114.34-0.05near the usual relationship
2025-06-06120.11114.28+0.23near the usual relationship
2025-06-05120.40112.13+0.51CME ahead
2025-06-04121.71111.96+0.67CME ahead
2025-06-03123.65111.88+0.88CME ahead
2025-06-02127.33112.13+1.23CME ahead
2025-05-30126.58111.52+1.23CME ahead
2025-05-29125.21111.31+1.11CME ahead
2025-05-28125.25110.20+1.25CME ahead
2025-05-27124.54110.88+1.09CME ahead
2025-05-23124.42109.17+1.29CME ahead
2025-05-22123.51108.41+1.28CME ahead
2025-05-21123.40107.65+1.37CME ahead
2025-05-20121.70109.24+0.99CME ahead
2025-05-19121.73109.41+0.98CME ahead
2025-05-16121.01109.33+0.91CME ahead
2025-05-15120.01108.50+0.89CME ahead
2025-05-14116.63108.21+0.55CME ahead
2025-05-13117.53108.89+0.56CME ahead
2025-05-12118.46107.80+0.79CME ahead
2025-05-09124.54105.74+1.70CME ahead
2025-05-08123.51105.46+1.63CME ahead
2025-05-07124.75104.89+1.84CME ahead
2025-05-06123.94104.23+1.85CME ahead
2025-05-05123.76104.38+1.82CME ahead
2025-05-02122.83104.37+1.73CME ahead
2025-05-01121.37101.64+1.93CME ahead
2025-04-30121.36101.74+1.92CME ahead
2025-04-29119.29101.37+1.74CME ahead
2025-04-28117.34100.25+1.68CME ahead
2025-04-25116.63100.60+1.55CME ahead
2025-04-24115.3199.77+1.51CME ahead
2025-04-23114.5298.12+1.64CME ahead
2025-04-22116.3197.04+2.01CME ahead
2025-04-21114.0294.33+2.14CME ahead
2025-04-17114.9896.36+1.97CME ahead
2025-04-16114.4895.70+2.02CME ahead
2025-04-15115.1397.68+1.83CME ahead
2025-04-14115.4997.16+1.96CME ahead
2025-04-11114.5595.49+2.11CME ahead
2025-04-10113.1793.85+2.20CME ahead
2025-04-09111.3096.10+1.65CME ahead
2025-04-08111.7088.64+2.87CME ahead
2025-04-07110.5390.43+2.46CME ahead
2025-04-04111.4591.11+2.50CME ahead
2025-04-03117.5498.50+2.15CME ahead
2025-04-02114.99104.53+0.97CME ahead
2025-04-01114.86101.51+1.38CME ahead
2025-03-31116.19101.27+1.59CME ahead
2025-03-28114.85100.00+1.61CME ahead
2025-03-27114.69101.94+1.30CME ahead
2025-03-26115.07103.50+1.13CME ahead
2025-03-25114.78103.68+1.06CME ahead
2025-03-24115.16103.34+1.15CME ahead
2025-03-21115.34100.85+1.53CME ahead
2025-03-20116.74102.67+1.43CME ahead
2025-03-19116.27102.23+1.43CME ahead
2025-03-18116.72100.52+1.71CME ahead
2025-03-17115.4499.52+1.68CME ahead
2025-03-14113.3097.80+1.66CME ahead
2025-03-13113.8196.34+1.93CME ahead
2025-03-12112.4497.42+1.60CME ahead
2025-03-11114.0696.50+1.94CME ahead
2025-03-10114.8797.25+1.91CME ahead
2025-03-07111.5099.67+1.13CME ahead
2025-03-06111.26101.68+0.81CME ahead
2025-03-05111.46105.19+0.36near the usual relationship
2025-03-04110.36105.14+0.22near the usual relationship
2025-03-03112.51109.42-0.07near the usual relationship
2025-02-28111.15110.51-0.36near the usual relationship
2025-02-27109.43107.86-0.25near the usual relationship
2025-02-26108.62106.85-0.24near the usual relationship
2025-02-25109.85106.19-0.03near the usual relationship
2025-02-24108.51106.71-0.25near the usual relationship
2025-02-21109.00108.22-0.37near the usual relationship
2025-02-20108.76110.19-0.62NDAQ ahead
2025-02-19109.82110.25-0.52NDAQ ahead
2025-02-18108.55108.45-0.47near the usual relationship
2025-02-14107.52108.01-0.54NDAQ ahead
2025-02-13109.54109.05-0.44near the usual relationship
2025-02-12109.04106.69-0.24near the usual relationship
2025-02-11105.88107.18-0.64NDAQ ahead
2025-02-10105.91108.41-0.77NDAQ ahead
2025-02-07107.23110.56-0.86NDAQ ahead
2025-02-06107.05111.81-1.02NDAQ ahead
2025-02-05105.83110.61-1.03NDAQ ahead
2025-02-04106.22109.09-0.84NDAQ ahead
2025-02-03105.40109.36-0.96NDAQ ahead
2025-01-31103.59109.92-1.23NDAQ ahead
2025-01-30103.33109.84-1.26NDAQ ahead
2025-01-29101.83109.10-1.36NDAQ ahead
2025-01-28102.66108.38-1.20NDAQ ahead
2025-01-27103.78108.74-1.13NDAQ ahead
2025-01-24102.79108.33-1.20NDAQ ahead
2025-01-23102.22108.17-1.26NDAQ ahead
2025-01-22101.84107.90-1.28NDAQ ahead
2025-01-21101.72106.62-1.17NDAQ ahead
2025-01-17101.92105.23-1.00NDAQ ahead
2025-01-16101.75104.65-0.97NDAQ ahead
2025-01-1599.81102.76-0.99NDAQ ahead
2025-01-14101.49101.79-0.70NDAQ ahead
2025-01-13100.49101.70-0.80NDAQ ahead
2025-01-10100.39101.29-0.78NDAQ ahead
2025-01-08100.43104.15-1.10NDAQ ahead
2025-01-0799.43101.94-0.97NDAQ ahead
2025-01-0698.91102.55-1.11NDAQ ahead
2025-01-03101.83104.42-0.99NDAQ ahead
2025-01-02101.93103.36-0.87NDAQ ahead
2024-12-31101.71103.20-0.89NDAQ ahead
2024-12-30101.41103.32-0.94NDAQ ahead
2024-12-27102.27104.69-1.00NDAQ ahead
2024-12-26104.77105.62-0.84NDAQ ahead
2024-12-24104.88105.35-0.80NDAQ ahead
2024-12-23104.24104.04-0.74NDAQ ahead
2024-12-20104.47103.72-0.68NDAQ ahead
2024-12-19103.72103.30-0.72NDAQ ahead
2024-12-18103.84103.42-0.73NDAQ ahead
2024-12-17103.36106.27-1.09NDAQ ahead
2024-12-16103.33107.41-1.22NDAQ ahead
2024-12-13103.88106.96-1.12NDAQ ahead
2024-12-12103.34107.96-1.29NDAQ ahead
2024-12-11102.62108.54-1.43NDAQ ahead
2024-12-10104.76107.37-1.09NDAQ ahead
2024-12-09103.68106.39-1.12NDAQ ahead
2024-12-06104.84108.32-1.20NDAQ ahead
2024-12-05107.75108.49-0.93NDAQ ahead
2024-12-04106.43107.90-1.01NDAQ ahead
2024-12-03105.44108.12-1.13NDAQ ahead
2024-12-02103.19109.00-1.46NDAQ ahead
2024-11-29104.24110.79-1.53NDAQ ahead
2024-11-27103.95110.87-1.58NDAQ ahead
2024-11-26102.66110.33-1.68NDAQ ahead
2024-11-25100.46108.82-1.77NDAQ ahead
2024-11-22100.32108.22-1.74NDAQ ahead
2024-11-2199.23107.97-1.85NDAQ ahead
2024-11-2099.86106.90-1.69NDAQ ahead
2024-11-19100.59107.01-1.64NDAQ ahead
2024-11-1899.67106.50-1.70NDAQ ahead
2024-11-1598.67105.14-1.68NDAQ ahead
2024-11-1497.85104.21-1.69NDAQ ahead
2024-11-1399.92106.62-1.72NDAQ ahead
2024-11-1299.12105.63-1.71NDAQ ahead
2024-11-1198.95106.34-1.81NDAQ ahead
2024-11-0898.83105.05-1.70NDAQ ahead
2024-11-0797.25104.37-1.81NDAQ ahead
2024-11-0696.87103.58-1.79NDAQ ahead
2024-11-0598.63101.64-1.41NDAQ ahead
2024-11-0497.7099.87-1.34NDAQ ahead
2024-11-0197.9499.21-1.25NDAQ ahead
2024-10-3198.7098.68-1.12NDAQ ahead
2024-10-3099.54100.85-1.26NDAQ ahead
2024-10-2999.46101.31-1.31NDAQ ahead
2024-10-2899.91100.57-1.20NDAQ ahead
2024-10-2599.0599.71-1.21NDAQ ahead
2024-10-24100.60100.44-1.13NDAQ ahead
2024-10-2399.4898.67-1.08NDAQ ahead
2024-10-2299.0699.17-1.17NDAQ ahead
2024-10-2199.4499.19-1.14NDAQ ahead
2024-10-18100.00100.00-1.18NDAQ ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 3, 2025 (CME +2.2%, NDAQ -5.8%); Apr 9, 2025 (CME -0.3%, NDAQ +8.4%); May 12, 2025 (CME -4.9%, NDAQ +1.9%); Feb 3, 2026 (CME +0.8%, NDAQ -9.4%).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

CME and NDAQ at a glance

CME CME Group Inc.

Listing
Nasdaq · SEC CIK 1156375
Industry
Investment Bankers/Brokers/Service · SIC 6200 Security & Commodity Brokers, Dealers, Exchanges & Services
Market value
$105.5B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

NDAQ Nasdaq Inc.

Listing
Nasdaq · SEC CIK 1120193
Industry
Investment Bankers/Brokers/Service · SIC 6200 Security & Commodity Brokers, Dealers, Exchanges & Services
Market value
$52.1B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
ICE / NDAQWatchlistNDAQ by 1.23 sdSIC 6200 Security & Commodity Brokers, Dealers, Exchanges & Services
CME / ICEWatchlistCME by 0.79 sdSIC 6200 Security & Commodity Brokers, Dealers, Exchanges & Services

Follow the research behind the paper book

Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.

Explore the private beta

Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.