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Exchanges CME

  • *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...

  • 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...

  • The average daily trading volume at CME, which owns the Chicago Board of Trade and other futures exchanges, rose 24 percent to 16.3 million contracts in the fourth quarter ended Dec. 31. The company's net income rose to $373.4 million, or $1.10 cents per share, in the quarter from $291.7 million, or 86 cents per share, a year earlier. Analysts on average had estimated...

  • *Policy statement due at 2 p.m. EST. WASHINGTON, Jan 31- The U.S. Investors next see an interest rate rise in June, according to Fed futures data compiled by the CME Group.

  • LONDON, Jan 9- The way in which industrial metals are priced is starting to change. The last year, however, has seen LME prices sway to the increased gravitational pull of China's Shanghai Futures Exchange. In the United States, meanwhile, CME Group has launched five industrial metal contracts over the last 12 months as it seeks to challenge the LME's global...

  • *LSE says sale to Euronext subject to European Commission review. London Stock Exchange Group Plc and Deutsche Boerse said on Tuesday that LSE was in discussions about selling the French subsidiary of LCH.Clearnet to address anti-trust concerns raised by the European Commission in relation to their planned merger. LSE and Deutsche Boerse also hope that...

  • CHICAGO, Dec 15- Archer Daniels Midland Co, one of the world's biggest agricultural trading houses, has agreed to pay $25,000 to settle charges it broke rules in the U.S. corn futures market, exchange operator CME Group Inc said on Thursday. The violations appeared to document rare instances in which ADM, one of the biggest U.S. grain exporters, has been penalized by...

  • CHICAGO, Dec 2- The primary clearinghouse for U.S. options trades named new finance and compliance chiefs on Friday in the latest C-suite shake-up aimed at improving oversight. The Options Clearing Corp, known as OCC, also said it had hired a former CME Group Inc executive to fill a newly created treasurer's position. The changes are part of an overhaul in...

  • CHICAGO, Dec 1- CME Group Inc plans to strengthen efforts to deter wrongdoing in markets by raising the maximum possible fine for rule breakers, the company said on Thursday, further raising the stakes for rogue traders following the first U.S. criminal convictions for the manipulative practice known as spoofing. The owner of the Chicago Board of Trade, New York...

  • CHICAGO, Nov 30- CME Group Inc will set a monthly record for trading volumes in November, a top executive said on Wednesday, as U.S. Three of CME's top 10 trading days for volumes have occurred since Trump's election on Nov. 8, and volumes have been averaging more than 20 million contracts per day, said John Pietrowicz, CME's chief financial officer, on a webcast of a JP...

  • Nov 10- Phupinder Gill, chief executive of CME Group Inc since 2012, will retire at year's end, the world's largest futures market operator said in a statement on Thursday. Executive Chairman Terrence Duffy has taken on the additional role of CEO, and Bryan Durkin, chief commercial officer currently, was made president of the company. Malaysia- born, Singapore-...