CME Group
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 $100 million from last year’s figures.
CME launches more weather contracts
The Chicago Mercantile Exchange (CME) will introduce six additional weather futures and options contracts at the end of the month. The CME’s new seasonal degree day index futures and options will offer coverage in the November-to-March heating season and…
Hong Kong and Shanghai exchanges in energy derivatives venture
The Hong Kong Exchanges and Clearing Limited (HKEx) and the Shanghai Futures Exchange (SHFE) have signed a memorandum of understanding to develop an Asian energy derivatives market, the exchanges said today.
Chicago Mercantile Exchange to launch Russell 1000 futures
The Chicago Mercantile Exchange (CME) plans to launch its new Russell 1000 futures contracts on April 28. The new stock index futures will trade on the CME's Globex electronic platform virtually 24 hours a day.
CME and Shanghai Futures Exchange sign agreement
The Chicago Mercantile Exchange (CME) and the Shanghai Futures Exchange (SHFE) have signed an agreement to collaborate in derivatives product development, the exchanges said a statement.
Confusion over membership at WBOT continues
Dan Parker, chief executive of Atlanta-based Weather Board of Trade (WBOT), today told RiskNews that two institutions he originally named as charter members of the weather derivatives exchange never had such an agreement with the company.
Formation of WBOT blows off course
Atlanta-based Weather Board of Trade (WBOT) has missed its planned February 2003 launch date, and its viability has been called into a question by a number of market participants. The online weather derivatives exchange originally planned to launch in…
CME to launch single index on seven currencies against US dollar
The Chicago Mercantile Exchange (CME) will launch its new ‘CME$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…