CME Group executive chairman and president Terry Duffy explains why he thinks unequivocally the markets are not rigged. CNBC's Eamon Javers provides perspective on today's Senate hearing on high-frequency trading.» Read More
LONDON, July 9- The London Metal Exchange and technology firm Autilla teamed up on Wednesday to launch a last-minute bid to run the new global silver price benchmark in the closely fought contest to replace the 117- year old London "fix."
NEW YORK, June 26- Wickr, a startup founded by privacy advocates, said it has raised $30 million from investors including CME Group Inc to help develop self-destructing messaging technology for use by financial services firms and gaming companies.
*Shanghai Gold Exchange chief says wants to have China gold fix. SINGAPORE, June 25- China and Singapore are vying to provide feasible gold price benchmarks in Asia, as calls grow in the top consuming region for more localized pricing of the precious metal at a time when the global benchmark is under regulatory scrutiny.
WASHINGTON, June 5- The U.S. National Futures Association said on Thursday it would cut its fees because increased trading volume and a broader revenue base had swelled the coffers of the agency that self-regulates the futures and swaps industry.
WASHINGTON, June 2- About 77,000 foreign and U.S. banks and financial institutions, including some in Russia, have registered with the United States to comply with a new law meant to fight tax dodging by Americans, the U.S. Treasury Department said on Monday.
WASHINGTON, May 22- The U.S. derivatives watchdog asked on Thursday for more industry comments on a proposed rule to curb speculators in commodity futures markets.
"We want to make sure that in evaluating these markets, that the information is readily available to all market participants," Vince McGonagle, who heads the CFTC's division of market oversight, said at Senate panel hearing.
*China nickel pig iron producers have run down their ore stocks. SYDNEY, May 7- London nickel hovered close to 15- month highs on Wednesday, supported by rising prices for nickel ore as Chinese nickel pig iron producers run down their stockpiles after Indonesia banned exports in January.
CHICAGO, May 6- The quality of U.S. stock markets will improve if regulators limit trading that happens outside of exchanges, the head of CBOE Holdings Inc said on Tuesday after the company reported higher-than-expected quarterly earnings.
CHICAGO, May 1- CME Group Inc sought on Thursday to calm investors' concerns about its exposure to possible U.S. regulations targeting high-frequency trading after the world's largest futures market operator reported a 13 percent rise in first-quarter earnings.
*Contract to rival ICE's London cocoa market. LONDON, May 1- CME Group Inc, the world's largest futures exchange operator, plans to launch a cocoa futures contract this year, challenging rival Intercontinental Exchange's dominance in the market, industry sources said.
CHICAGO, May 1- CME Group Inc, the world's largest futures market operator, said on Thursday that first-quarter earnings increased 13 percent, meeting Wall Street expectations, on a jump in trading volume. Net profit rose to $266.8 million, or 79 cents a share, from $235.8 million a year ago, or 71 cents a share.
LONDON, April 30- Gold fell on Wednesday ahead of a Federal Reserve policy meeting and U.S. data that is expected to show the world's biggest economy is improving, but tensions in Ukraine provided some support for the metal, a traditional haven from risk. U.S. gold futures for June delivery were down $3.70 an ounce at $1,292.60.
SINGAPORE, April 30- Gold edged lower on Wednesday as investors nervously awaited a policy statement by the U.S. Federal Reserve and fresh economic data, with political tensions in Ukraine failing to prompt heavy safe-haven bids.
SINGAPORE, April 30- Gold was little changed on Wednesday as investors awaited cues from the U.S. *Hundreds of pro- Moscow separatists stormed government buildings in one of Ukraine's provincial capitals on Tuesday and fired on police holed up in a regional headquarters, a major escalation of their revolt despite new Western sanctions on Russia.
SINGAPORE, April 25- Gold slipped on Friday and held near its weakest level in more than two months on muted demand from jewellers as they waiting for a further drop in prices, although tensions in the Crimean peninsula could underpin the metal's safe-haven appeal.
Terry Duffy, CME Group executive chairman, doesn't believe the market is "rigged" and looks at the wealth and opportunities it creates for investors and companies. Michael Gayed, The Inflation Rotation Fund, and CNBC's Sharon Epperson weigh in on the high-frequency trading controversy.
The New York attorney general's office has subpoenaed about a half-dozen high-frequency trading firms, a source told CNBC.
NEW YORK/ CHICAGO, April 16- Just over a week ago, CME Group Inc suffered the worst-ever trading outage on the world's most important agricultural markets, plunging electronic screens into darkness and sending dozens of traders scrambling for Chicago's famous but now often deserted trading "pits".
April 14- A group of traders has sued CME Group Inc, accusing the operator of the world's largest derivatives exchange of selling market data to high frequency traders, cheating other investors who lacked such access.