10 High Profit Margin Stocks to Buy Now

6. CME Group Inc. (NASDAQ:CME)

TTM Net Profit Margin: 57.81%

Number of Hedge Fund Holders: 73

CME Group Inc. (NASDAQ:CME) is one of the high profit margin stocks to buy now. On June 30, CME Group announced its plan to launch CME FX Tape+ later this year. The new service will provide centralized reference prices and a comprehensive view of foreign exchange/FX market liquidity. It will aggregate data from CME Group’s transparent central limit order book/CLOB marketplaces, which include FX futures, EBS Market, FX Spot+, and FX Link.

CME FX Tape+ is designed to enhance transparency in the fragmented FX market by using price information from CME Group’s network of 1,400 institutions and 100,000+ active FX market participants. Unlike other industry reference pricing sources that often use indicative or curated pricing from less transparent origins, CME FX Tape+ will exclusively provide an accessible, unbiased, and transparent view of the FX market.

Initially, CME FX Tape+ will cover 10 major currencies and include a composite “true” spot mid-price. This mid-price will combine liquidity, trades, and mid-rates from across these various venues. The reference data will be disseminated at rapid 250-millisecond intervals via a WebSocket API and made available through historic market data files.

CME Group Inc. (NASDAQ:CME) operates contract markets for the trading of futures and options on futures contracts worldwide.