Exhibit 10.4
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Name:

Congratulations! We are pleased to provide you with a long-term incentive
opportunity under the CME Group Inc. Amended and Restated Omnibus Stock Plan
(the “Plan”). This long-term incentive opportunity is in recognition of the
anticipated positive impact you will make toward the future success of the
company. Your grant provides you with the opportunity to earn a range of
performance shares based on the achievement of the performance goals set forth
below. If earned, the ultimate payout for achieving the performance goals will
be in the form of CME Group Inc. stock, which is a means for you to share in the
success of the overall company. Certain terms of your long-term incentive
opportunity follow:
Performance Share Terms
Performance Shares:
Your grant has a target of [ó] Performance Shares for the achievement of
Performance Goals at the target levels. Payouts will be settled after the end of
the Performance Period by the issuance of Class A common stock, $.01 par value,
of CME Group Inc. if certain specified Performance Goals are achieved for the
Performance Period as set forth below.

Grant Date:        [ó]
Performance Period:    [ó]
Performance Goals:
[ó]

Payment and
Vesting Schedule:
Performance Shares that are earned, if any, shall be settled in Class A common
stock, $0.01 par value of CME Group Inc., which shall be issued as soon as
administratively practicable after the Compensation Committee and/or its
delegate confirms that the Goals have been attained. The Goals shall not be
deemed to be attained until the Compensation Committee and/or its delegate
confirms that they have been attained. The Performance Shares earned shall be
based on the actual performance achieved under the Performance Goals during the
Performance Period and issued in accordance with the Terms and Conditions
attached hereto. Such shares shall become vested on the payout date in [ó],
except as otherwise provided by the terms and conditions in the Plan.     

Additional Terms
and Conditions:
The Performance Shares granted are subject to the Terms and Conditions attached
hereto, as well as the terms and conditions set forth in the Plan.

To be eligible to receive this grant, you must have entered into a
Confidentiality, Non-Competition and Non-Solicitation Agreement with CME Group
Inc. In addition to the terms stated in this grant letter, your equity grant
shall be subject to the terms and conditions of the Plan, which are subject to
change at any time. All documents relating to the Plan, including the Plan
Document, Prospectus and Beneficiary Form, can be accessed online by logging on
to your E*TRADE account at www.etrade.com/stockplan or by calling E*TRADE at
800-838-0908 or +1-650-599-0125 if outside the U.S. A copy of the current CME
Group Form 10-K can be found at:
http://investor.cmegroup.com/investor-relations/financials.cfm. Please certify
your W-9 (or W-8BEN if outside the U.S.) upon activation of your E*TRADE account
and submit your completed Beneficiary Designation Form to CME Group’s
Compensation Department, 20 S. Wacker, 2N, Chicago, IL 60606.
By accepting this equity grant, you hereby agree to the terms and conditions of
the Plan, which are subject to change at any time. In addition, you acknowledge
and agree that you are receiving this grant pursuant to CME Group’s Annual Grant
Program, which is in place at the discretion of CME Group. Accordingly, your
receipt of this grant and your eligibility for any future grants are subject to
the continued existence of the Annual Grant Program.

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TERMS AND CONDITIONS
1.
Performance Shares Earned. The number of Performance Shares earned, if any, will
be based on the actual performance achieved during the Performance Period
relative to each Performance Goal. This determination shall be made in
accordance with the following schedules:

a.
Goal 1 - [ó]% of Performance Shares at Target, or [ó] shares:

[Goal 1 Performance Achievement]
Performance Shares Earned
[Maximum]
200% of above portion of Target Performance Shares
[Target]
100% of above portion of Target Performance Shares
[Threshold]
50% of above portion of Target Performance Shares
[Below Threshold]
0% of above portion of Target Performance Shares

Note: Threshold, Target and Maximum levels to be set forth in Appendix A after
the Compensation Committee approves such goals. If actual performance falls
between any of the levels above, then straight-line interpolation will be
applied to determine the number of shares earned.

b.
Goal 2 - [ó]% of Performance Shares at Target, or [ó] shares:

[Goal 2 Performance Achievement]
Performance Shares Earned
[Maximum]
200% of above portion of Target Performance Shares
[Target]
100% of above portion of Target Performance Shares
[Threshold]
50% of above portion of Target Performance Shares
[Below Threshold]
0% of above portion of Target Performance Shares

Note: If actual performance falls between any of the levels above, then
straight-line interpolation will be applied to determine the number of shares
earned.

2.
Eligibility to Receive Grant and Condition of Receipt of Performance Shares.
Notwithstanding any other eligibility requirements specified in this grant or in
the Plan, in order to be eligible to receive this award and as a condition of
receipt of payment of any earned Performance Shares under this award, you must
have entered into an agreement with the Company containing certain
post-termination of employment restrictions. The post-termination employment
restrictions applicable to you are set forth in the Confidentiality,
Non-Competition and Non-Solicitation Agreement with the Company, which is
incorporated herein by reference.

3.
Eligibility to Receive Performance Shares. Notwithstanding any other eligibility
requirements specified in this grant or in the Plan, in order for you to be
eligible to receive payment of any earned Performance Shares after the end of
the Performance Period, you must remain employed through the payout date.

4.
Termination of Service. If your employment is terminated by reason of death or
Disability (as defined in the Plan), your eligibility for payment of the
Performance Shares is governed by the terms of the Plan. If your employment is
terminated for any other reason, any Performance Shares that are not vested will
be forfeited.

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