The Federal Reserve Bank of New York is today in discussions with interested parties over the establishment of a central clearing house for credit default swaps (CDSs).
Chicago-based exchange operator CME Group and hedge fund management firm Citadel Investment Group are set to launch a fully integrated trading and clearing platform for credit default swaps (CDSs).
Shareholders on both sides have approved CME Group's takeover of the New York-based exchange Nymex, which, combined with the Chicago Mercantile Exchange, would create a single market dominating the US futures industry.
London-based derivatives exchange Liffe will begin clearing contracts linked to the Markit iTraxx indexes of European credit default swaps (CDSs) during the fourth quarter of 2008.
A major impediment to the Chicago Board Options Exchange’s (CBOE) planned demutualisation could be overcome by a settlement it presented to its members on June 2.
James Krause, chief information officer at the Chicago Mercantile Exchange, is to retire at the end of June. He will be replaced by his deputy, Kevin Kometer.
The US Department of Justice (DOJ) has questioned the Chicago Mercantile Exchange's vertical structure, and whether it creates an anti-competitive marketplace. A DOJ letter, dated January 31 and addressed to the US Department of Treasury, argued that...
Chicago-based CME Group is in preliminary discussions aimed at acquiring the New York Mercantile Exchange (Nymex), the two firms announced on January 28.
CME Group's Chicago-based chief executive, Craig Donohue, talks to Mark Pengelly
Jeffry Kuijpers has joined CME Group Europe as associate director of sales and marketing for Europe, Middle East and Africa (EMEA).
The global exchange industry will see yet more consolidation during 2008, believes Craig Donohue, chief executive of the CME Group in Chicago.
The Chicago Mercantile Exchange (CME) has upped its bid for cross-town competitor the Chicago Board of Trade (CBOT) for the third and “final” time, ahead of a shareholder vote on July 9.
Foreign exchange carry trades continue to be a main driver of global exchange rate movements, according to the Bank for International Settlements' 2007 annual report.
After losing its licensing agreement with Russell Investment Group to the Intercontinental Exchange (ICE), the Chicago Mercantile Exchange (CME) has announced it will expand its Standard & Poor's equity index futures portfolio with an index for small-cap...
The Intercontinental Exchange (ICE) has won exclusive rights to derivatives on the Russell series of equity indexes. The deal could give the exchange the edge in the continuing takeover battle over the Chicago Board of Trade.
The US Department of Justice has approved the takeover of the Chicago Board of Trade by the Chicago Mercantile Exchange, saying it was "not likely to substantially reduce competition".
IntercontinentalExchange (ICE) has reached an agreement with the Chicago Board Options Exchange (CBOE) to pay full members of the Chicago Board of Trade (CBOT) compensation for the loss of CBOE exercise rights they would experience, should CBOT merge...
The Chicago Mercantile Exchange (CME) has increased its bid for the Chicago Board of Trade (CBOT), as it faces a rival takeover attempt from the Intercontinental Exchange (Ice).
The world’s first exchange-traded credit derivatives, which were listed by Frankfurt-based Eurex on March 27, have posted lacklustre trading volumes, with only one major dealer making markets in them.
FX MarketSpace, an international foreign exchange trading platform run by Reuters and the Chicago Mercantile Exchange (CME), started operations today.
The Chicago Mercantile Exchange has announced its credit index event contracts will start trading on May 6, subject to regulatory approval, making them the first exchange-traded contract on a US credit derivative index.