Derivatives exchange operator CME Group Inc. said Thursday its August volume averaged 11.7 million contracts per day, a 15 percent increase from a year ago.
Total volume was 258 million contracts, with 82 percent traded electronically.
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OptionsXpress trades fall in July
OptionsXpress Holdings, which provides brokerage services for equity options and futures trading, said Wednesday that trading activity slowed in July even as total client assets grew. Get the full story »
CME Group CEO sees no need for new acquisitions
CME Group. CEO Craig Donohue appeared to rule out growth by acquisition on Thursday, and said excess cash would be returned to shareholders as soon as next year. Get the full story »
CME Group’s profit jumps 22%
CME Group Inc.’s second-quarter earnings rose 22 percent, and adjusted results topped analysts’ forecasts, as the world’s biggest operator of derivatives exchanges again benefited from increased volume. Get the full story »
CFTC approves CME’s Green Exchange
CME Group Inc.’s Green Exchange LLC won regulatory approval as a designated contract market on Friday, adding a fourth regulated exchange to CME’s stable. Get the full story »
July 9, 2010 at 11:45 a.m.
Filed under: Economy, Exchanges, Investigations, Regulations, Stock activity SEC still unclear on cause of flash crash
U.S. regulators are still trying to ferret out what caused the Dow Jones industrial average to mysteriously drop nearly 700 points in minutes before sharply recovering, the chairman of the Securities and Exchange Commission said Friday. More than two months after the market briefly crashed in May, market regulators are still exploring a number of theories, including an imbalance between buyers and sellers.
“What we clearly understand are what the exacerbating factors were,” SEC chief Mary Schapiro told Reuters in an interview on the sidelines of a conference in Chicago on corporate governance, “like different trading conventions in different marketplaces, liquidity replenishment points, self-help, banded orders.” Get the full story »
Wall Street’s wild ride spills into Chicago’s markets
The CBOE Stock Exchange invoked a government-sanctioned rule to unwind 18 trades made in the stock of Chicago’s Accenture Plc that all took place within a few minutes Thursday afternoon at the price of a penny per share. Accenture closed down $1.08 at $41.09, and no news from the company would have justified those rock-bottom trades.
Traders in the S&P 500 pit at the Chicago Board Options Exchange on May 6, 2010. (Terrence Antonio James/Chicago Tribune)
By Greg Burns | One of the wildest 20 minutes in Wall Street history spilled into Chicago’s major markets Thursday, prompting one exchange to declare a series of trades “clearly erroneous,” and another to suggest that a hot rumor was wrong.
