Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
CME Group Inc., which runs the Chicago Mercantile Exchange and the Chicago Board of Trade, has no plans to leave the city, despite concerns over Illinois’ recent tax hike, a spokeswoman said on Friday.
“We are not planning to leave Chicago,” the spokeswoman said in response to an e-mailed query from Reuters, after Fox Chicago News reported that CME was “threatening” to leave its hometown. Get the full story »
Edmund O'Connor, third from left, then CBOE's vice chairman, at bell-ringing ceremony to mark the opening of the CBOE's second trading floor in 1974. (Courtesy CBOE)
Edmund O’Connor, the architect of the Chicago Board Options Exchange and for decades a major figure in Chicago’s derivatives-trading community, died early Monday. Get the full story »
Big speculators could face curbs on wheeling and dealing in commodity markets after the Commodity Futures Trading Commission Thursday advanced a plan to cap large positions, but internal dissent could delay final adoption of the plan for months or longer. Get the full story »
Derivatives exchange operator CME Group Inc. said Thursday it has paid off a $420 million loan to complete the refinancing of a three-year debt agreement.
The original credit and term loan agreement, due to mature in August, was replaced with a $1 billion revolving credit agreement with an expiration of January 2014. Get the full story »
CME Group, which began clearing interest-rate swaps in October, expects a jump in business this year after a U.S. legislative mandate on clearing goes into effect, a CME executive said on Monday. Get the full story »
The Chicago Board Options Exchange wants investors to measure the “fear” baked into stock options such as those of Goldman Sachs or Apple.
The exchange said Wednesday it will apply the methods of its “fear index” to options on five popular stocks, the other three being Amazon.com, International Business Machines Corp., and Google. The measure, whose formal name is the CBOE Volatility Index, or VIX, shot to fame during the financial crisis as investors sought tools to measure and trade in an anxious and plunging stock market. Get the full story »
CBOE Holdings is setting a low bar for success at its newly launched electronic exchange, with officials saying they expect to capture just 1 to 2 percent of the total U.S. options market in 2011.
“There’s an opportunity there,” CBOE Executive Vice-Chairman Edward Tilly told reporters over lunch. “It may take some time to develop.”
C2, as the new exchange is known, garnered 0.7 percent of the market in December, its second full month of operation, figures from the Options Clearing Corp show. There are nine U.S. options exchanges. Get the full story »
A top official at the U.S. futures regulator said on Tuesday he was now in favor of a stalled position limit plan, a key turnaround that would allow the controversial rules to advance to the public comment stage. Get the full story »
The Commodity Futures Trading Commission needs to consider a “Plan B” on how it will police the $600 trillion swaps market if Congress fails to deliver a 50 percent increase in its budget, one of its top officials said Monday. Get the full story »
U.S. soybean futures ended lower on Wednesday in a profit-taking setback, retreating from more-than-two-year highs, while a weaker dollar and persistent supply worries continued to underpin prices and helped lift corn and wheat.
The losses in Chicago Board of Trade soybean futures marked the first time in eight sessions that the market lost ground. Soybeans have been rallying on concerns over hot and dry weather in major exporter Argentina. Corn futures also are garnering fundamental support from the detrimental crop weather there. Get the full story »
Several financial industry trade groups said on Tuesday that the Commodity Futures Trading Commission risks causing confusion and reducing legitimate trading practices if it fails to clearly outline what practices are prohibited under its new anti-manipulation authority.
The Futures Industry Association, the Securities Industry and Financial Markets Association and the International Swaps and Derivatives Associations said in a joint letter the CFTC must describe legitimate trading practices with those it has determined can lead to market manipulation. Get the full story »
The Rogers International Commodity Index will cut its Chicago Board of Trade wheat holdings while boosting its investment in rice in January.
Rogers will reduce the weight of CBOT wheat in its index to 4.75 percent from 6 percent, it said in a statement released on Monday morning. Its rice weighting will rise to 0.75 percent from 0.50 percent. Get the full story »
ICE Trust, the unit of exchange operator IntercontinentalExchange Inc. dedicated to clearing credit-default swaps, has withdrawn its application to be a derivatives clearing organization registered with the Commodity Futures Trading Commission in response to changes proposed by the regulator.
ICE filed the application Nov. 12, but a spokeswoman told Dow Jones Newswires on Thursday that it decided to withdraw it, “given the significant changes proposed to the commission regulations” for derivatives-clearing organizations, or DCOs. Get the full story »
