CME Group
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…
CME to launch single index on seven currencies against US dollar
The Chicago Mercantile Exchange (CME) will launch its new ‘CME$Index’ futures contract, an index of seven foreign currencies against the US dollar, on March 3. The contract is intended to provide end-users with a broad tool to gain or reduce their…
CME set to offer eurodollar data via the web
The Chicago Mercantile Exchange (CME) plans to introduce a new market data application called E-px, which will display price and volume data for eurodollars.
Deutsche and CME try to revive Russian rouble futures trading
Deutsche Bank has committed to providing bid and offer prices on Russian rouble futures for the Chicago Mercantile Exchange (CME), in a move designed to capitalise on revived interest in Russia by Western investors. It is the first time the contract has…
Dairy futures take off as CME sees record performance
The market for milk futures and options on the Chicago Mercantile Exchange (CME) has set open interest records over the past two days, reaching 7,805 positions on January 15. This month, an average of 1,000 contracts a day have far surpassed average…
Euronext pays CME $7.5m to settle Wagner patent dispute
Pan-European exchange Euronext will pay the Chicago Mercantile Exchange (CME) $7.5 million related to settlement of an indemnification dispute. The dispute revolves around the CME’s $15 million deal in August last year with electronic brokerage eSpeed…
OneChicago to roll out 21 more single-stock futures
OneChicago, the US electronic futures exchange, is to add 21 more futures contracts on single stocks beginning from December 6. The new contracts are in addition to the 43 futures on single stocks and futures on ‘Diamonds’ – shares in an exchange-traded…
Ice addresses energy trading market concerns with two new hires
Atlanta-based online commodities exchange IntercontinentalExchange (Ice), has appointed two new directors as part of its plans to address concerns about the health and legitimacy of the energy trading markets. Ann Cresce has been appointed assistant…
Market mulls forex options benchmark
Standard foreign exchange options benchmark prices could be the answer to inaccuracies in marking exposures to market, but whether the move is possible is a matter for debate, according to senior options market participants.
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…
Kofex and CME sign MOU
The Korea Futures Exchange (Kofex) and the Chicago Mercantile Exchange (CME) have signed a memorandum of understanding (MOU) to pursue joint business development initiatives in derivatives products.
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…
CME to launch Eagle Project in mid-November
US futures exchange, the Chicago Mercantile Exchange (CME), said this week that it plans a mid-November launch for its Eagle Project, which will permit electronic calendar spread trading on its Globex electronic trading platform.
CME to launch Eagle Project in mid-November
US futures exchange, the Chicago Mercantile Exchange (CME), said this week that it plans a mid-November launch for its Eagle Project, which will permit electronic calendar spread trading on its Globex electronic trading platform.
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…
CME offers past derivatives data
The Chicago Mercantile Exchange (CME) is offering a new service called CME E-History, a fee-based service that will automate the provision of historical price data for CME futures and options for analysing price trends.
Globex glitch grounds CME's Eagle platform
The maiden flight of the Chicago Mercantile Exchange's (CME) Eagle (electronic arbitrage Globex liquidity enhancer) platform has been delayed until October due to problems with Globex, the CME's electronic trading platform, which supports Eagle.
CME and GSCC team to offer eurodollar futures cross-margining
Clearing members of both the Chicago Mercantile Exchange (CME) and the Government Securities Clearing Corporation (GSCC) can start cross-margining buy-sell and repo US government securities against eurodollar futures and options from April 12.
SGX plans a series of Japan derivatives initiatives
The Singapore Exchange (SGX) plans to bolster its focus on Japan with a series of new products due to be launched in the next few months.
CME introduces new forex contracts
The Chicago Mercantile Exchange (CME) said yesterday it will introduce 13 new foreign exchange futures contracts to start trading in the second quarter of this year. The new contracts include 11 non-dollar cross-rates and two dollar-based contracts.
Blundell new CME managing director in Europe
The Chicago Mercantile Exchange (CME) has named Mark Blundell as managing director, CME Europe, based in London.
Exchange-traded derivatives soaring, says BIS
The aggregate turnover of exchange-traded derivatives contracts reached a new record in the fourth quarter of 2001, said the Bank for International Settlements (BIS) in its latest quarterly review.