Nasdaq OMX plans to introduce contracts of steel on its futures exchange, with help from the World Steel Exchange. CME Group makes its own plans for new contracts, eyeing two new crude oil products by year’s end. Exchange operator Deutsche Börse is the combo breaker today, announcing not new contracts, but a new technology and service division.
CME GroupEverything tagged with: CME Group
May 7, 2013: NASDAQ OMX and World Steel Exchange Marketing Announce Strategic Partnership; CME eyes new U.S. Gulf Coast crude futures launch by year-end; Deutsche Börse Creates New Business Segment For IT And Market Data
May 3, 2013: CME Favored in U.S. Swaps-Data Plan, Competitor Suit Says; Tech Issue Delays Options Trading at CBOE; Hedge funds find salvation in Japan’s Abenomics
Clearing company DTCC files a lawsuit, taking aim at regulator CFTC for creating a rules it says inappropriately favors competitor CME Group. Exchange CBOE suffers its second (though this time more limited) operational fault in a week. Hedge funds, struggling to find a decent place to sit and be profitable for a while, look to Japan for the first time in a while as economic policy shifts there make the country more intriguing.
FIA Principal Traders Group Responds to Wall Street Journal Article Alleging “Loophole” at CME
Washington, D.C.—May 1, 2013—The Futures Industry Association Principal Traders Group issued the following response to an article in today’s Wall Street Journal alleging that high-frequency traders are taking advantage of a “loophole” in the CME Group’s market data systems.
“We were surprised and disappointed at the misleading article published today by the Wall Street Journal. The article has taken an inherent feature of all markets out of context, grossly distorted its significance, and created a false impression that the CME’s markets are fundamentally unfair. In our view, exchanges should be commended for reducing the latency and variability in their trading systems, which leads to better market quality and lower trading costs.
April 26, 2013: Regulators see risks from exchange technology; CBOE identifies software glitch that halted trading; CME, ICE rivalry enters biofuel arena
Federal regulators, in a report that was prepared before yesterday, outline technology and platform risks as being significant to the health of the financial system. Yesterday, CBOE became the latest of many companies to highlight that trading on electronic systems is not 100 percent guaranteed. In the energy sector exchanges CME Group and ICE prepare to go head-to-head with new biofuels contracts.
April 19, 2013: CME takes on U.S. rival with smaller silver contract; LSE grabs ETF market share from Europe rivals; SGX Checks Derivatives Trading Glitch to Protect Cash Cow
Exchange CME Group announces the creation of a smaller and more retail-oriented 1K ounce silver contract. The London Stock Exchange continues to elbow its way toward the front of the ETF volume line in Europe. Singapore Exchange is taking a deeper look at last week’s trading delay to guard against future problems.
April 18, 2013: CME to list iron ore futures on electronic trading platform; Investors “over-estimate” impact of OTC reforms; Rising Bank Profits Tempt a Push for Tougher Rules
CME Group plans to list its iron ore futures products on Globex beginning in May, in a bid to boost participation. OTC market rule changes aren’t bothering the wholesale participants nearly as much as investors, who are far gloomier about the expected loss of business. Bank earnings are rolling in and looking great, and with those cheerier skies come worries that regulators may see opportunities to inject more clouds. In today’s First Read, take a look at JLN’s latest video interview; this time, Raj Mahajan of Allston Trading talks high-frequency trading with Jim Kharouf. And John Lothian makes a guest appearance with an update and a charitable opportunity.
April 8, 2013: Open-all-hours bourses battle for market share; France Pitches Euronext Investment to Banks; CME looks to Chile as copper contract gathers momentum
Hong Kong Exchanges starts extended trading hours in some of their products, in a bid to capture increased volume from global participants. The government of France is calling on some of its largest banks to take a stake in the possible Euronext spinoff. CME Group considers Chile as a possible copper warehouse location, as the exchange’s copper contract accumulates more market share.
April 1, 2013: CME, Nasdaq Plan High-Speed Network Venture; Nasdaq NLX Market Said to Delay Start as FSA Seeks Tests; Japan Plans World’s First LNG Futures Contracts Within Two Years
CME Group and Nasdaq OMX plan to launch a new wireless data service in May that will create a data link for high-frequency traders between Chicago and New York. In Europe, the launch date for Nasdaq’s new NLX market is pushed back as UK regulators continue to evaluate the clearing side of the venture. Tokyo Commodity Exchange plans to add the world’s first liquefied natural gas futures contract to its product list within the next two years… at which time we’ll find out if it really turned out to be a world first. This week, JLN welcomes Veronica Augustsson and team from Cinnober Financial Technology as guest editors of the John Lothian Newsletter.
March 19, 2013: Ice blames SEC as it drops single-name CDS clearing plans; Mini Options See ‘Respectable’ Start; CME launches interest rate swap clearing in London
ICE Clear Credit tosses plans to start single-name credit-default swap clearing after an SEC policy change caused heartburn on the buyside. Yesterday’s mini-option debut produced “respectable” volume across multiple venues. CME Group turns on the lights for its London interest rate swaps clearing service.
March 14, 2013: CME may list some partners’ contracts on London exchange; China to Free Yuan in 5 Years, Says HKEx’s Li; Tax blow to Italian stock trading
CME Group is considering listing trading products of alliance partners alongside its own in its new London trading venue. The head of Hong Kong Exchanges expects China to have open markets and a floating currency within five years. Following the implementation of a financial transaction tax, Italy notes a significant decline in trading volume.