CHICAGO— Chicago prosecutors say a high-frequency trader in New Jersey has been indicted for allegedly manipulating commodities prices by using software that executes trades within milliseconds. The U.S. attorney's office in Chicago announced the indictment Thursday. It alleges that 52- year-old Michael Coscia, of Rumson, New Jersey, made around $1.5...» Read More
In chaos following the outage on CME's electronic Globex platform, some orders sent to open-outcry grain pits went unfilled because there were not enough traders to handle the influx.
CHICAGO, April 8- CME Group said technical issues had shut down contracts on its Globex electronic trading system on Tuesday afternoon with primarily agricultural and grains contracts affected and no impact on oil or metals. Trading continued in the open outcry pits on the floor of the Chicago Board of Trade.
CHICAGO, April 8- CME Group said that its Globex electronic trading system was shut down on Tuesday afternoon due to technical issues.
LONDON, April 7- The London Metal Exchange said on Monday it would launch a new contract on aluminium premiums, extending its product suite for the metal just weeks before major rival CME Group starts a competing futures contract.
Keith Fitz-Gerald, Chief Investment Strategist, Money Map Press, says he is shifting his attention away from mergers and acquisitions in the technology field to the financial sector.
Citadel Connect has nearly tripled in the past year, making it one of the largest U.S. dark pools—where investors can trade anonymously.
CME Group said one of its clearing systems was hacked in July and the incident is the subject of a federal criminal investigation.
Goldman Sachs experienced a trading glitch that caused a huge batch of erroneous trades Tuesday. Many may be canceled but the snafu could still cost Goldman upwards of $100 million.
CBOE won a long-running court battle to prevent rival International Securities Exchange from listing options on two key stock market indexes.
After suffering steep losses in one fund, the Yucaipa Companies, the money management firm run by the billionaire Ronald W. Burkle, has cut fees for investors in the portfolio, The New York Times reports.
Nasdaq OMX Group said it will form a joint venture with SharesPost to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in Nasdaq Private Market.
Shares in credit rating agency Moody's fell sharply on Friday as it faces a possible federal fraud lawsuit over its pre-crisis debt ratings.
The U.S. must do more than the recently passed "fiscal cliff" measures if the country is to rescue its Aaa debt rating from its current negative outlook, rating agency Moody's Investors Service said on Wednesday.