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  • April 30- CME Group Inc on Thursday suspended two traders from its markets for allegedly colluding to enter orders repeatedly with no intention of trading, a strategy that has been fingered as a key contributor to the 2010 Wall Street flash crash. Heet Khara and Nasim Salim, both traders of CME Group's gold and silver futures contracts on its Comex exchange in New...

  • SAN FRANCISCO, April 30- CME Group Inc on Thursday barred two traders from its markets for allegedly colluding to enter orders repeatedly with no intention of trading, a strategy that has been fingered as a key contributor to the 2010 Wall Street flash crash. Heet Khara and Nasim Salim, both traders of CME Group's gold and silver futures contracts on its Comex...

  • April 30- CME Group Inc, the world's largest futures exchange operator, reported a better-than-expected quarterly profit, driven by increased trading volumes. Net income attributable to CME Group rose about 24 percent to $330.4 million, or 98 cents a share, in the first quarter ended March 31, from a year earlier. The company has been in the spotlight after U.S....

  • CME Group profit rises 24 pct on higher trading volumes Thursday, 30 Apr 2015 | 7:13 AM ET

    April 30- CME Group Inc, the world's largest futures exchange operator, reported a 24 percent rise in quarterly profit due to increased trading volumes. Net income attributable to CME Group rose to $330.4 million, or 98 cents a share, in the first quarter ended March 31, from $266.8 million, or 79 cents a share, a year earlier. CME, the owner of the Chicago Board of Trade...

  • SAN FRANCISCO/ CHICAGO, April 24- The UK- based trader accused by U.S. authorities of making more than $40 million manipulating markets and contributing to the 2010 Wall Street flash crash was on the losing end of at least one trade: his purchase of the CME Group seat that helped to make the alleged scheme possible. Navinder Sarao bought the seat in May 2008 for...

  • April 22- The London Stock Exchange Group, among the world's oldest exchanges, may strike a deal with one of the big four Western exchanges within two years, the group's chief executive told the Wall Street Journal in an interview. When there is an industry with competitive tension, consolidation tends to be not too far behind, "CEO Xavier Rolet told the newspaper.

  • BOCA RATON, Florida, March 11- Nasdaq OMX Group said on Wednesday it is expanding into energy derivatives with energy futures and options set to trade on the Nasdaq Futures Exchange at less than half the prices charged by incumbents CME Group and Intercontinental Exchange. Nasdaq has been pitching the new offerings to brokerages and banks for months and has...

  • *Euronext to imminently relaunch wheat futures contract. *Euronext raises EBITDA margin target. Feb 25- Euronext's 20 years of experience in wheat futures and a planned relaunch of its contracts will help the exchange operator cope if U.S. rival CME Group enters the European wheat market, a senior executive said on Wednesday.

  • LONDON, Feb 16- International regulators struggling to rein in the $5 trillion- a-day global foreign exchange market are finally finding some support from asset managers warming to the idea of moving more trading onto exchanges. "We are talking to people who are planning to shift 10-20 percent of their portfolios to some form of exchange-based or cleared...

  • It's hard to mourn the loss of CME pits Friday, 6 Feb 2015 | 4:11 PM ET
    The trading floor of the Chicago Mercantile Exchange is shown in early 1997 in Chicago.

    Scott Cohn has fond memories of reporting from the CME pits. But, it's hard to mourn them. It's time to move on.

  • The risks of killing the CME pits: David Greenberg Friday, 6 Feb 2015 | 3:05 PM ET
    David Greenberg

    Former CME trader David Greenberg recalls the rush of trading in the pits — and the risks of letting electronic trading take over.

  • 'The Wolfman' on life after the CME pits Friday, 6 Feb 2015 | 11:35 AM ET
    Gladiator

    The trader known as "The Wolfman," who stood behind Rick Santelli in many a CME live shot, laments the closing of the pits—the "Colosseum" for futures traders.

  • *fourth-qtr adj profit $0.64/ shr vs. est $0.66. Feb 6- CBOE Holdings Inc, operator of the largest U.S. stock-options market, reported a lower-than-expected quarterly profit as higher expenses offset a surge in trading volumes. Net income allocated to common stockholders rose to $49.1 million, or 58 cents per share, in the fourth quarter ended Dec. 31, from $45.6...

  • UPDATE 1-CBOE profit misses estimates as costs rise Friday, 6 Feb 2015 | 8:19 AM ET

    Feb 6- CBOE Holdings Inc, operator of the largest U.S. stock-options market, reported a lower-than-expected quarterly profit as higher expenses offset a surge in trading volumes. Increased volatility has lifted trading volumes since CBOE said in the second quarter it would cut expenses due to weak volumes. Last year, total trading volume for options contracts...

  • CHICAGO, Feb 5- For tailor Peter Papageorge, making the vibrant jackets worn by traders on the floors of exchanges in Chicago and New York used to be the bulk of his business. Papageorge's family founded Peco Inc, based on the southwest side of Chicago, in 1919. The company bills itself as the largest manufacturer of the flashy trading jackets that are as colorful as...

  • NEW YORK, Feb 5- CME Group Inc will save $10 million per year after it shuts nearly all of its futures pits in New York and Chicago, a spokesman said on Thursday, as the world's biggest futures exchange pushes ahead with cost-cutting measures. While that may be a significant saving in a single step, he said that sum represents only a quarter of the total cost of running...

  • End of an era at the Chicago Mercantile Exchange Thursday, 5 Feb 2015 | 3:17 PM ET
    End of an era at the CME

    CNBC's Rick Santelli, a veteran of the pits at CME, breaks down what the closure of the futures pits means for the exchange and its traders.

  • NEW YORK, Feb 5- CME Group Inc will save $10 million per year in expenses after it shuts nearly all of its open-outcry futures pits in New York and Chicago in early July, a spokesman said on Thursday. That sum represents a quarter of the total cost of running its trading floors, he said, ahead of the release of the Chicago- based exchange's fourth-quarter results later...

  • The London Metal Exchange plans to hold fast as the last bastion of open outcry trading, even after the world's largest futures market operator, CME Group Inc, said it would shut almost all its open-outcry futures pits by July 2. The impact of CME's move will stretch from grain and livestock pits in Chicago to gold and oil trading in New York. "The LME is a much more of a...

  • "I believed this would be the eventual outcome, and I never had a doubt," Melamed, chairman emeritus of CME Group, told Reuters on Wednesday. When he was chairman of the Chicago Mercantile Exchange, predecessor to the CME Group, Melamed introduced electronic trading to the futures industry in 1992 in the form of a computerized system called Globex.