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CME

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  • CHICAGO, Feb 4- CME Group Inc will shutter most of its open-outcry futures pits by July 2, the world's largest futures market operator said on Wednesday, bringing down the curtain on a once-raucous tradition that has been in decline since the rise of computerized trading. The decision ousts traders of products ranging from grain and livestock to gold from...

  • Feb 4- Most open-outcry futures trading pits in Chicago and New York will close by July 2 due to almost all trading having moved to electronic platforms, the CME Group Inc said on Wednesday. Only about 1 percent of total futures volume takes place in the pits where traders shout and use hand signals to conduct business. The S&P 500 futures and options pits will...

  • CHICAGO, Jan 30- GFI Group Inc shareholders on Friday voted down a proposed takeover by CME Group Inc, the companies said, opening the door for a hostile bid from rival BGC Partners. CME Group, the world's largest futures exchange operator, for months has been locked in a bidding war for GFI Group, a derivatives broker, with BGC Partners Inc.. CME Group had planned to...

  • CME Group, the world's largest futures exchange operator, for months has been locked in a bidding war for derivatives broker GFI Group with inter-dealer broker BGC Partners Inc. CME Group first agreed to acquire GFI Group last July for a total of around $820 million. CME Group had pursued GFI Group to acquire two GFI units that would allow it to expand its reach in...

  • LONDON, Jan 15- Hit with a "meteorite" on Thursday as Switzerland cut its franc currency loose, the foreign exchange market nevertheless managed to stay on its feet. On the EBS trading system, one miss-hit saw the euro quoted at 0.0015 francs, having spent the last few months ranging between 1.20 and 1.21 francs. For market participants, that is just very difficult to...

  • NYMEX-US crude rises above $49 after best day since 2012 Wednesday, 14 Jan 2015 | 7:22 PM ET

    SINGAPORE, Jan 15- U.S. crude rose for a second session on Thursday after surging nearly 6 percent in the previous session in its biggest gain since June 2012 as traders with expiring options bought back futures. *U.S. crude for February delivery was up 43 cents at $48.91 a barrel by 0005 GMT, after briefly hitting a session high of $49.59. *Exchange operator Nasdaq OMX...

  • NEW YORK, Dec 30- California- based bond firm Pimco has dismissed money manager Rahul Seksaria after CME Group Inc, the world's largest futures market operator, fined him for a trading violation. In a notice online, CME Group said that Seksaria "orchestrated and prearranged trades in the June 2015 Eurodollar futures contract opposite one of his employer's client...

  • Pimco fires money manager after CME Group violation Tuesday, 30 Dec 2014 | 3:49 PM ET

    NEW YORK, Dec 30- California- based bond giant Pimco has dismissed money manager Rahul Seksaria after CME Group Inc, the world's largest futures market operator, fined him for a trading violation. In a notice online, CME Group said that Seksaria "orchestrated and prearranged trades in the June 2015 Eurodollar futures contract opposite one of his employer's...

  • ICE gets tough on 'disruptive trading' practices Tuesday, 30 Dec 2014 | 12:24 PM ET

    Dec 30- Intercontinental Exchange Inc will prohibit disruptive trading practices in its futures marketplace, as it looks to tackle an illegal manipulative trading strategy known as "spoofing". CME Group Inc, the world's largest futures market operator, implemented a similar rule in September. The practice gained notoriety in October after high-frequency...

  • NEW YORK, Dec 23- In December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won in a day after a stock option trading algorithm went bad. It was a fatal blow for a company that had just 15 billion won of capital- Hanmag went bust. During the financial crisis, regulators were reluctant to let wobbly traders such as Bear Stearns go bust,...

  • CME Group imposes rare halt on wheat futures trading Thursday, 18 Dec 2014 | 4:25 PM ET

    CHICAGO, Dec 18- CME Group Inc briefly halted electronic trading in U.S. wheat futures overnight on Thursday after prices sank 1.6 percent in one second as concerns about Russian export curbs roiled the market. CME Group stopped trading in the most-active Chicago Board of Trade March wheat contract at 3:49: 37 a.m. CST, company spokesman Chris Grams said.

  • Futures near record; Why it's a 'sea change' Wednesday, 15 Oct 2014 | 2:20 PM ET

    On what could well be the worst day of the year—by a fairly wide margin—for stocks, futures activity smashed through to record levels.

  • Watch out for this ‘game-changing’ new commodity Monday, 3 Mar 2014 | 12:00 AM ET
    A new broadband tower rises into the sky (AP Photo/Toby Talbot)

    Traders could find themselves buying and selling a new commodity in two years' time: wireless broadband.

  • We were hacked! CME Group says Friday, 15 Nov 2013 | 2:07 PM ET
    CME ClearPort home page

    CME Group said one of its clearing systems was hacked in July and the incident is the subject of a federal criminal investigation.

  • CBOE Keeps S&P and Dow Jones Options Exclusivity Monday, 13 May 2013 | 12:34 PM ET
    William Brodsky, chairman and chief executive officer of the Chicago Board Options Exchange.

    CBOE won a long-running court battle to prevent rival International Securities Exchange from listing options on two key stock market indexes.

  • Speed Bumps For Lightning Fast Trading   Monday, 6 May 2013 | 11:14 AM ET
    Speed Bumps For Lightning Fast Trading

    Terry Duffy, President & Executive Chairman of CME Group, talks with CNBC's Rick Santelli about technology's role in the marketplace on the third anniversary of the "flash crash."

  • Santelli's Flash Crash Post Mortem   Thursday, 2 May 2013 | 11:35 AM ET
    Santelli's Flash Crash Post Mortem

    CNBC's Rick Santelli tracks high frequency trading ahead of Monday's "flash crash" anniversary, with Eric Hunsader, Nanex founder.

  • Do High-Speed Traders Have Edge?   Wednesday, 1 May 2013 | 10:37 AM ET
    HFT Traders' Secret Edge

    Some high frequency traders are using a hidden facet of the CME's computer system before other investors can get the same information, reports CNBC's Eamon Javers.

  • Octavio Castillo paddles a boat down a street to reach his cousin's home in Des Plaines, Ill., on April 19.

    Floods in the Midwest have made it harder to plant corn this spring, but the question is what might happen in the wheat belt as unusually late snows melt in the northern Plains.

  • Uh Oh: The Attempt to Regulate Swaps Is Failing Saturday, 6 Apr 2013 | 8:42 AM ET

    Clever finance critters are fleeing from swaps to futures, escaping the new regulatory regime that was a center-piece of Dodd-Frank.