Chicago Board of Trade (CBOT)
Chicago Board of Trade president Vitale resigns
David Vitale has resigned as president and chief executive of the Chicago Board of Trade (CBOT). Bernard Dan, an executive vice-president at the exchange who joined from Cargill Investor Services in 2001, where he was president and chief executive, will…
Patsystems to take £500,000 hit
UK-based derivatives trading software vendor Patsystems will take a £500,000 hit in redundancy costs in its end-of-year results. It is also likely to trim staff further in spite of encouraging figures for the third quarter and ongoing cost-cutting…
US launch of single-stock futures delayed
OneChicago, the US electronic futures exchange, has postponed the first day of trading of single-stock and narrow-based stock indexes to November 8. The exchange, a joint venture of the Chicago Board Options Exchange, the Chicago Board of Trade and the…
Fimat Futures bulks-up commodities business in Hong Kong
In anticipation of an activity surge in commodity derivatives trading by Hong Kong investors, the Hong Kong arm of international brokerage firm Fimat plans to establish a dedicated commodity trading desk by the end of the year, according to Emmanuel…
eSpeed settles patent dispute with CBOT and CME
eSpeed, a subsidiary of interdealer broker Cantor Fitzgerald and developer of electronic trading technology, has settled its lawsuit against the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) over infringement on patented…
Bear Stearns hires US rate futures sales manager
US investment bank Bear Stearns has hired Alan Swimmer from rival Citigroup Salomon Smith Barney as a senior managing director and national sales manager for its interest rate futures business.
Eurex gains control of a/c/e as alliance with CBOT is ‘restructured’
European derivatives exchange Eurex has acquired full ownership of a/c/e, the electronic trading platform it shared with the Chicago Board of Trade (CBOT). The move restructures a partnership agreement with the Chicago exchange which has been in place…
CBOT to debut five-year swaps future
The Chicago Board of Trade (CBOT) will launch a futures contract on five-year US dollar interest rate swaps on Friday, following up on the success of its 10-year swaps contract, launched in October. The exchange also plans to offer options on the five-…
CBOT launches X-Funds
The Chicago Board of Trade (CBOT) today launched X-Funds, short-duration futures contracts that track the performance of a professionally selected index.
CBOT explores re-launch of corporate bond futures
The Chicago Board of Trade (CBOT) is exploring market interest in a new corporate bond index futures contract, and will decide whether to draft contract specifications within the next few weeks, according to Julie Winkler, a senior economist involved…
BOTCC to process Nasdaq Liffe
Nasdaq Liffe Markets (NQLX), in a preparatory move before the start of trading in single-stock futures (SSF) in the US, agreed to let the Delaware-based Board of Trade Clearing Corporation (BOTCC) process certain deals known as 'give-ups'.
Moody's integrates credit risk software with GFA
The Chicago Board of Trade (CBOT) launched its newest product, the 10-year interest rate swap future, today. The new instrument will trade in the agency/swap futures pit and on the CBOT's electronic trading platform.
CBOT offers mini Dow hedges
The Chicago Board of Trade (CBOT) will launch a mini-sized Dow futures contract based on the Dow Jones Industrial Average (DJIA) at the end of September via its a/c/e trading platform - created via a tie-up with European derivatives exchange Eurex.
CBOT Ramps Up Its Hits Swaps Processing Service
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