CME Group

CME Group

Runs global futures and options markets

Software Engineering Intern - Summer 2027

Summer 2027Posted on 9/18/2026
$21.68 - $36.10/hr
Internship
Bachelor's, Master's
Chicago, IL, USA
Hybrid

Typically hybrid, based out of the Chicago office.

No H1B Sponsorship

About the job

Requirements
  • Currently pursuing an undergraduate or graduate degree in Computer Science or a related field.
  • Proficiency in Java and/or Python.
  • Ability to solve problems and continuously learn.
  • Strong communication skills.
  • Attention to detail.
  • Legally authorized to work in the United States without employment sponsorship assistance.
Responsibilities
  • Build and maintain electronic trading platforms, risk management systems, and front-end trading interfaces.
  • Design, build, and deploy customer-focused technology solutions.
  • Work on applications and projects affecting the global trading ecosystem.
  • Build cloud infrastructure, enhance market architecture, design artificial intelligence agents, and take ownership of new applications that can change the trading lifecycle.
  • Work in back-end or full-stack development, cloud computing, application resiliency, or automation.
  • Participate in application development, cloud infrastructure and migration, data analytics, DevOps and continuous integration/continuous delivery, research and proof of concept, or system design.
  • Complete a coding pre-assessment and, if selected, participate in virtual coding, design, and behavioral interviews.
Desired Qualifications
  • Previous technical experience.
  • Strong knowledge of cloud computing services, specifically Google Cloud Platform.
  • Experience with Docker, Kubernetes, Git, integrated development environments, IntelliJ, Linux/UNIX, Maven, REST APIs, SQL, and unit testing.

About the company

CME Group runs the world’s leading derivatives marketplace, offering futures and options across major asset classes on four exchanges (CME, CBOT, NYMEX, COMEX). Its services include trading platforms, clearing and settlement, and market data, serving individual traders, institutions, and commercial entities. How it works: traders buy and sell standardized contracts (futures and options) on its platforms; the trades are cleared through a central clearinghouse, which handles margining, settlement, and risk management, providing price discovery and transfer of risk. How it differs: CME Group combines a broad range of benchmark products with integrated services (trading, clearing, market data) across multiple exchanges, giving wide instrument access, global reach, and a unified risk-management framework. Goal: to provide a reliable, efficient system for price discovery, hedging, speculating, and managing risk in global derivatives markets.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

1848

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Simplify's Take

What believers are saying

  • Q2 2026 revenue hit $1.7 billion, while market data revenue rose 20%.
  • Average daily volume reached 29.8 million contracts, the second-highest Q2 in history.
  • First-half 2026 delivered record revenue, adjusted profitability, and $95 billion daily margin savings.

What critics are saying

  • CME sued the CFTC on June 18, 2026, over perpetual futures approval.
  • Kalshi and Coinbase now threaten retail crypto volume with perpetual contracts.
  • March 2027 Duffy exit hands execution to Lynne Fitzpatrick during product and regulatory upheaval.

What makes CME Group unique

  • CME controls CBOT, NYMEX, COMEX, and BrokerTec, spanning futures and cash liquidity.
  • July 2026 Treasury Link unifies Treasury futures and cash spreads with atomic execution.
  • October 5 compute futures with Silicon Data create regulated AI-infrastructure hedging benchmarks.

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Benefits

Health Insurance

Dental Insurance

Mental Health Support

Life Insurance

Disability Insurance

Hybrid Work Options

Professional Development Budget

Gym Membership

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Sep 23rd, 2026
Seth Klarman opens $137M position in CME Group amid non-AI investment shift

Seth Klarman's Baupost Group opened three new positions in the second quarter, according to 13F filings. The largest new stake is CME Group, where the value investor bought 619,000 shares worth approximately $136.69 million, representing 2.52% of Baupost's portfolio. The fund also acquired 1,274,356 shares of Axalta Coating Systems worth roughly $43.61 million and 392,000 shares of Pagaya Technologies worth about $12.88 million. CME Group operates financial exchanges for futures and options trading. The company's second-quarter revenue and adjusted earnings per share both rose 1% year over year, whilst open interest increased 8% to 127 million contracts. CME trades at a forward price-to-earnings ratio of 22.42 times, nearly double the sector median.

Yahoo Finance
Aug 12th, 2026
Exchanges plan AI compute futures market to hedge volatility in processing power

A futures market for AI compute — the processing capacity needed to train and run AI models — is in development, treating it like commodities such as oil or grain. CME Group announced plans to launch two compute futures contracts on 5 October, pending regulatory approval. Each contract would represent a month's rent for an Nvidia H100 or Blackwell B200 chip. The exchange is working with Silicon Data, which publishes indices tracking compute pricing. New York-based OneChronos is also developing a compute futures marketplace, awaiting federal regulatory approval. CEO Kelly Littlepage expects it to be operational this year. The challenge is that compute isn't truly a commodity — it's not fungible, storable, or transportable. OneChronos is using combinatorial auctions to address this issue.

FinSMEs
Aug 12th, 2026
Silicon Data Raises $30.5M in Series A Funding

Silicon Data, a NYC-based provider of a market intelligence platform for the AI compute economy, raised $30.5M in the initial closing of its Series A funding

Axios
Aug 11th, 2026
Silicon Data raises $30.5M for real-time AI compute pricing

Silicon Data has raised $30.5 million in Series A funding led by the Valor Atreides AI Fund, CEO Carmen Li announced. The company provides a financial data platform for the AI economy. The funding comes as GPU prices surge, making compute an increasingly precious commodity. Silicon Data's platform focuses on real-time compute pricing data. The investment highlights growing demand for tools that help companies navigate the economics of AI infrastructure as computational resources become more expensive and harder to secure.

PR Newswire
Jul 29th, 2026
CME Group launches world's first futures on sports indexes in $650B industry

CME Group has partnered with FutureSports to launch the world's first futures contracts based on sports performance indexes. The derivatives will be based on FutureSports Performance Indexes, which convert official league statistics into financial benchmarks. The cash-settled futures will begin trading this summer, pending regulatory approval. Monthly and quarterly contracts will offer hedging tools for stadium operators, sponsors, insurers, apparel manufacturers and broadcasters within what FutureSports describes as a $650 billion global industry. FutureSports, launched in 2026 after development since 2022, creates indexes from live sports data using methodology aligned with international securities principles. The Chicago-based firm will announce exclusive partnerships with professional sporting leagues to transform team and athlete statistics into continuously priced benchmarks. CME Group chairman Terry Duffy said the contracts will bring "price discovery and risk management discipline" to the sports industry.