CME Group
CBOT lowers fees for European traders
The Chicago Board of Trade (CBOT), in an early effort to head off competition from Eurex, is to offer cheaper electronic access for European traders, the exchange announced.
CME cuts European fees
The Chicago Mercantile Exchange (CME) has slashed transaction fees for all products traded electronically on Globex in Europe, bringing its costs in line with rivals the Chicago Board of Trade (CBOT) and Eurex. However, the cut of 73% to 44 cents, from…
CME sees record electronic forex trades
Electronic foreign exchange trading on the Chicago Mercantile Exchange's (CME) Globex platform has exceeded 100,000 contracts a day for the first time.
CBOT chief again hits out at Eurex US
Chicago Board of Trade (CBOT) chairman Charles Carey urged the Commodity Futures Trading Commission to conduct a full and careful review of the application by Eurex to establish a US subsidiary yesterday. Carey’s comments are the latest in an ongoing…
CBOT moves to dismiss Eurex lawsuit
The Chicago Board of Trade (CBOT) has filed a motion to dismiss a Eurex lawsuit, which alleged the CBOT and the Chicago Mercantile Exchange had violated the US Sherman Antitrust Act.
Eurex’s US-based arm sues CME and CBOT
Chicago-based Eurex US has filed an antitrust action in the federal court against the Chicago Board of Trade (CBOT) and Chicago Mercantile Exchange (CME). The CME has slammed the suit as being “without factual or legal foundation”, while the CBOT said it…
Etrade adds CME foreign exchange futures
Retail brokerage Etrade has added foreign exchange futures to its equities trading platform, through a link with the Chicago Mercantile Exchange’s Globex platform. This brings the total number of futures contracts available via Etrade to eight.
Chicago Mercantile Exchange to list European weather contracts
The Chicago Mercantile Exchange (CME) has started offering European weather derivatives, referenced on five cities’ temperatures.
CME targets online FX market for Asia growth
Electronic foreign exchange derivatives trading will play a key role in the Chicago Mercantile Exchange’s (CME’s) development in Asia over the next few years, according to a senior official at the exchange.
CME to list European weather contracts; jettisons weatherXchange plan
The Chicago Mercantile exchange (CME) will begin to offer European weather derivatives, referenced on five cities’ temperatures, from October 3.
CME to close open-outcry pits an hour early
The Chicago Mercantile Exchange (CME) will close pit trading in open-outcry interest rate products, including its flagship Eurodollar futures contract, an hour earlier – at 1pm – than normal as a result of the power cuts in the New York region, the…
CME and UK's Met Office to launch European weather derivatives
The Chicago Mercantile Exchange (CME), the UK's Met Office and its joint venture company, Weather Xchange Limited (weatherXchange), have unveiled plans to jointly develop global weather futures and options contracts.
Management buys out SG’s weather and cat bond funds
Société Générale’s (SG) weather derivatives team completed an amicable management buyout of the weather division at the French bank. The buyout creates what is believed to be the largest range of dedicated weather derivative and catastrophe bond funds,…
Warming to the exchanges
Exchanges
CME reports record earnings
Chicago Mercantile Exchange Holdings, the parent company of the Chicago Mercantile Exchange (CME), yesterday reported record revenues and earnings for the second quarter of 2003, spurred by strong trading volumes in its three largest product categories:…
Cantor subsidiary files patent infringement suit
Interdealer-broker Cantor Fitzgerald’s trading technology subsidiary eSpeed has filed a patent infringement suit against electronic fixed-income trading platform BrokerTec, while separately a court case pertaining to alleged constructive dismissal…
Weather derivatives notional volumes fall by $100 million
The Weather Risk Management Association (WRMA), the international trade organisation of the weather derivatives industry, yesterday said that the notional value of weather derivatives contracts fell by $100 million from last year’s figures.
CME launches more weather contracts
The Chicago Mercantile Exchange (CME) will introduce six additional weather futures and options contracts at the end of the month. The CME’s new seasonal degree day index futures and options will offer coverage in the November-to-March heating season and…
Hong Kong and Shanghai exchanges in energy derivatives venture
The Hong Kong Exchanges and Clearing Limited (HKEx) and the Shanghai Futures Exchange (SHFE) have signed a memorandum of understanding to develop an Asian energy derivatives market, the exchanges said today.
Chicago Mercantile Exchange to launch Russell 1000 futures
The Chicago Mercantile Exchange (CME) plans to launch its new Russell 1000 futures contracts on April 28. The new stock index futures will trade on the CME's Globex electronic platform virtually 24 hours a day.
CME and Shanghai Futures Exchange sign agreement
The Chicago Mercantile Exchange (CME) and the Shanghai Futures Exchange (SHFE) have signed an agreement to collaborate in derivatives product development, the exchanges said a statement.
Confusion over membership at WBOT continues
Dan Parker, chief executive of Atlanta-based Weather Board of Trade (WBOT), today told RiskNews that two institutions he originally named as charter members of the weather derivatives exchange never had such an agreement with the company.
Formation of WBOT blows off course
Atlanta-based Weather Board of Trade (WBOT) has missed its planned February 2003 launch date, and its viability has been called into a question by a number of market participants. The online weather derivatives exchange originally planned to launch in…