The Chicago Mercantile Exchange (CME), the world's largest futures and options exchange, is aiming to raise up to $102m (€104.4m) from its initial public offering which is to launch by the end of the year.

The exchange will sell three million shares, which represents 8.5% of its shares, according to its latest filing with the US Securities and Exchange Commission (SEC). It has indicated a price range of between $31 and $34 per share.