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CME Group Inc

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  • 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.

  • U.S. swaps regulator wants tighter clearing house rules Thursday, 4 Dec 2014 | 11:17 AM ET

    WASHINGTON, Dec 4- Regulators should consider tighter rules for clearing houses given their crucial role as guardians against market routs after the 2007-2009 credit crisis, a senior U.S. swaps regulator said on Thursday. The Commodity Futures Trading Commission should take a first step towards subjecting clearing houses to more standardized regular...

  • Benchmark Brent crude oil on Monday rose more than 3 percent, the most in two years, on speculation that its sharp drop following last week's OPEC meeting was overdone. Iraq's government said it reached an agreement with Kurdish authorities to export 300,000 barrels per day of oil from Kirkuk and 250,000 bpd from the northern Kurdish region through Turkey.

  • Iraq's government said it reached an agreement with Kurdish authorities to export 300,000 barrels per day of oil from Kirkuk and 250,000 bpd from the northern Kurdish region through Turkey. "The Iraqis deal with the Kurds for oil exports is the one headline sticking out in today's market, a reminder that the oversupply in oil isn't going away easily," said Joseph...

  • Iraq's government said it has agreed with Kurdish authorities to export 300,000 barrels per day of oil from Kirkuk and 250,000 bpd from the northern Kurdish region through Turkey. "The Iraqis deal with the Kurds for oil exports is the one headline sticking out in today's market, a reminder that the oversupply in oil isn't going away easily," said Joseph Posillico,...

  • METALS-Copper steadies in narrow range, supplies in focus Wednesday, 12 Nov 2014 | 6:10 AM ET

    *Copper down 9 percent year-to-date. LONDON, Nov 12- Copper prices held steady on Wednesday, remaining locked in a sideways trading range, as lacklustre demand and expectations of more supplies next year capped gains. Copper has stayed in a narrow range between $6,500 and $6,800 since mid-September, and some analysts expect prices could weaken further towards...

  • SYDNEY, Nov 12- London copper edged lower on Wednesday after gaining about half a percent in the previous session when U.S. markets were shut for a holiday, while zinc prices were underpinned by a strike at a Peruvian mine. Prices have traded in a narrow $300 band of around $6,500- $6,800 since mid-September as modestly growing demand is met by ample supply.

  • *Comex copper trading outperforms LME in Asia time over 3 months. SYDNEY, Nov 12- Asian traders are increasingly choosing CME Group Inc over the London Metal Exchange for buying and selling copper, as they seek to cut costs and complexity of trade. The trend could mean an erosion of Hong Kong Exchanges& Clearing's dominant market share in its premier metals...

  • The NYSE said the problem affected its feeds for stock and options prices and quotes from 1:07 p.m. EDT to 1:34 p.m. EDT. In an alert to market participants, the NYSE, a unit of IntercontinentalExchange, said there was a "critical" issue due to a problem with the National Market System securities information processor, which delivers data on stock quotations and...

  • *Q3 adj earnings of $0.84/ shr vs estimates of $0.83. Oct 30- CME Group Inc, operator of the world's largest futures market, reported a 22.5 percent rise in quarterly profit, helped by strong trading volumes. CME, the owner of the Chicago Board of Trade and Chicago Mercantile Exchange, said average daily trading volume rose 12 percent to 13.5 million contracts per day...

  • CME profit rises 22.5 pct on higher trading volumes Thursday, 30 Oct 2014 | 7:08 AM ET

    Oct 30- CME Group Inc, the world's largest futures market operator, reported a 22.5 percent rise in quarterly profit, helped by strong trading volumes. Net income attributable to CME rose to $290 million, or 86 cents a share, for the third quarter ended Sept. 30, from $236.7 million, or 71 cents a share, a year earlier. CME, the owner of the Chicago Board of Trade and Chicago...

  • WASHINGTON, Oct 29- The Depository Trust& Clearing Corp on Wednesday dropped a lawsuit against the U.S. swaps regulator, a court document showed, ahead of what two sources said was a possible rule change by the agency. DTCC, which performs back-office services for the Wall Street banks that own it, last year sued the Commodity Futures Trading Commission, which...

  • UPDATE 1-DTCC drops case in U.S. swaps regulator data row Wednesday, 29 Oct 2014 | 12:29 PM ET

    WASHINGTON, Oct 29- U.S. market operator the Depository Trust& Clearing Corporation dropped its lawsuit against the U.S. Commodity Futures Trading Commission in a dispute about access to potentially lucrative trading data, a court document showed on Wednesday. The change of heart was because the CFTC, which regulates the trading of swaps and futures, is...

  • DTCC drops case against U.S. CFTC in row about data Wednesday, 29 Oct 2014 | 11:14 AM ET

    WASHINGTON, Oct 29- The U.S. Depository Trust& Clearing Corporation dropped its case against the Commodity Futures Trading Commission in a dispute about access to potentially lucrative trading data, a court document showed on Wednesday. The DTCC and the derivatives regulator had agreed "to the dismissal without prejudice of the remaining causes of action in...

  • CHICAGO, Oct 14- CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, to reduce costs with most cuts hitting its technology operations, the world's largest futures exchange operator said on Tuesday. CME declined to detail how much money the staff reductions will save the company, which owns the Chicago Board of Trade and New York...

  • CHICAGO, Oct 14- CME Group Inc plans to eliminate 5 percent of its global workforce, or about 150 jobs, with most cuts hitting its Chicago headquarters, the world's largest futures exchange operator said on Tuesday. A spokeswoman declined to say how much money the cost cuts will save at CME, which owns the Chicago Board of Trade and New York Mercantile Exchange.

  • CME Group to cut 5 percent of global workforce Tuesday, 14 Oct 2014 | 11:23 AM ET

    CHICAGO, Oct 14- CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, the world's largest futures exchange operator said on Tuesday. Most of the layoffs will come from CME's technology operations, with the rest coming from corporate and administration functions, the Chicago- based company said. CME, which owns the Chicago Board of Trade and...

  • NEW YORK, Sept 30- CME Group Inc's New York Mercantile Exchange must face a lawsuit brought by regulators seeking to hold it liable for the actions of two former employees accused of leaking trade details, a U.S. judge ruled on Tuesday.

  • Duffy: Transparency 'name of the game'  Friday, 12 Sep 2014 | 12:45 PM ET

    Discussing the future of exchanges, and volumes in the marketplace, with Terry Duffy, CME executive chairman and president.