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Exchanges CME

  • CHICAGO, June 21- U.S. futures regulators fined a Memphis trading firm and three associates $5 million on Wednesday for using a manipulative tactic in CME Group Inc's cattle futures, a market grappling with extreme volatility. The Commodity Futures Trading Commission said it penalized McVean Trading& Investments $1.5 million and its chairman, Charles Dow...

  • LONDON, June 8- Two contenders have emerged to run London's silver benchmark- gold benchmark operator Intercontinental Exchange, which offers a model with clearing, and a flexible auction process proposed by the London Metal Exchange. It is due to announce a replacement for current operators CME Group and Thomson Reuters this summer. The LBMA said in March that...

  • LONDON, June 7- Intercontinental Exchange has substantially expanded the range of dates that its London gold futures contract can be traded, as it seeks to beat rival exchanges to gain a foothold in the city's $5 trillion- a-year bullion market. ICE launched its London gold contract in January and has moved to promote it ahead of the launch in July of a rival suite...

  • *CME, Thomson Reuters stepping down from fix. James Proudlock, managing director and head of market development for the exchange and its clearing business, said the exchange would take part in the process after a request for proposals was recently issued to find a replacement for CME Group and Thomson Reuters. The 140- year-old exchange took part in the bidding...

  • HONG KONG, May 10- The head of Hong Kong Exchanges and Clearing rebuffed criticism of the bourse's handling of the London Metal Exchange on Wednesday, but pledged to listen to core users of the world's oldest metal market as it plans more reforms. In his first speech since a major management reshuffle last month, Charles Li reinforced his message that a major...

  • WASHINGTON, May 2- The U.S. "The bar to disrupting the Fed's plans is higher now than it was in previous years," said Michael Gapen, chief economist at Barclays in New York in a note to clients. Investors next see an interest rate rise in June, according to Fed futures data compiled by the CME Group.

  • WASHINGTON, May 2- The U.S. "The bar to disrupting the Fed's plans is higher now than it was in previous years," said Michael Gapen, chief economist at Barclays in New York in a note to clients. Investors next see an interest rate rise in June, according to Fed futures data compiled by the CME Group.

  • LONDON, April 21- Hong Kong Exchanges and Clearing Ltd on Friday appointed Matt Chamberlain chief executive of the London Metal Exchange, the world's largest and oldest metals market. HKEx also said it had appointed James Proudlock managing director and head of market development, reporting to Chamberlain and Adrian Farnham, the head of the LME's clearing...

  • NEW YORK, April 6- Trading volumes and open interest in U.S. crude futures soared in 2016, particularly among buyers out of Asia and shale companies locking in output, both of whom have shown an affinity for far-dated contracts, the CME Group Inc said on Thursday. Shale has since emerged as a resilient rival to the Organization of the Petroleum Exporting Countries...

  • NEW YORK, April 6- Trading volumes and open interest in U.S. crude futures soared in 2016, particularly among buyers out of Asia and shale companies locking in output, both of whom have shown an affinity for far-dated contracts, the CME Group Inc said on Thursday. Shale has since emerged as a resilient rival to the Organization of the Petroleum Exporting Countries...

  • *LME Clear hoped to introduce cuts to initial margins last autumn. *Average Jan copper volumes down 12 pct on LME, up 22 pct on CME. LONDON, March 28- Regulatory delays to a proposal to slash initial clearing margins by the London Metal Exchange has dealt another blow to the exchange's ability to fend off competition from U.S. rival CME Group, whose margins are sharply...

  • *FACTBOX-Rivals for London's $5 trln gold market:. LONDON, March 15- Intercontinental Exchange is set to launch clearing for London's benchmark gold price auction before participants are ready as it races to prevent rivals muscling in on the city's $5 trillion- a-year bullion market, market and banking sources said. ICE, the London Metal Exchange and CME Group...

  • Traders are betting overwhelmingly on a rate hike next week and see better-than-even odds of two more over this year and a small chance of a fourth, based on the price of fed funds futures contracts traded at CME Group Inc's Chicago Board of Trade. Non-farm payrolls increased by 235,000 jobs in February as unusually mild weather helped the construction sector...

  • Traders continue to bet overwhelmingly on a March rate hike, and give a better-than-even chance of two more rate hikes over the course of the year, with a small chance of a fourth hike, based on the price of fed funds futures contracts traded at CME Group Inc's Chicago Board of Trade.

  • LONDON, Feb 28- The European Union could be left with no exchange big enough to compete with U.S. rivals and no trading link into Britain if it allows the London Stock Exchange and Deutsche Boerse merger to die. Deutsche Boerse Chief Executive Carsten Kengeter had warned that a failure to complete the LSE deal would weaken Frankfurt, Germany's main financial...

  • LONDON, Feb 23- It's time to talk about the London Metal Exchange. To lose one senior office is unfortunate, to lose two in such quick succession suggests deeper tensions with the LME's owner Hong Kong Exchanges and Clearing, which has been trying to monetize its massive $2.2 billion investment in the London exchange. CME Group, which has historically only...

  • Feb 15- Pan-European exchange Euronext may still buy a clearing house for derivatives if its planned purchase of LCH SA, which it uses, from London Stock Exchange falls through. Euronext has agreed to buy Paris- based LCH SA for 510 million euros, but the deal can only go ahead if LSE Group succeeds in merging with Deutsche Boerse, a tie-up regulators will rule on by...

  • NEW YORK, Feb 9- Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. Nasdaq generated $2.3 billion in net revenue last year. The move would also align with plans set out by Nasdaq's new chief executive, Adena Friedman, who...

  • NEW YORK, Feb 9- Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. Nasdaq generated $2.3 billion in net revenue last year. The move would also align with plans set out by Nasdaq's new chief executive, Adena Friedman, who...

  • CHICAGO, Feb 3- Futures market operator CME Group Inc plans to broaden its rules against wrongdoing at the request of federal regulators, the company said on Friday, a move that is expected to ramp up disciplinary action against traders. Traders who engage in the manipulative practice known as spoofing are "the most immediate and likely target" of the rules...