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CME Group Inc

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  • The decision by CME Group Inc ousts traders of products ranging from grain and livestock in Chicago to gold and oil in New York after open-outcry volume dropped to only about 1 percent of total futures trading. "We all knew it was going to end," said Jerry Israelov, who has spent 25 years in CME's open-outcry pits in Chicago, including the last 10 years trading wheat...

  • TIMELINE-Key dates in the history of CME Group Wednesday, 4 Feb 2015 | 8:30 PM ET

    Feb 4- CME Group Inc announced on Wednesday that it would shutter most of its open-outcry trading pits by July 2, bringing an end to the once-raucous tradition of face-to-face price discovery that has been in decline since the rise of computerized trading. Following are key dates in the 167- year history of the exchange, according to the exchange operator:.

  • 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...

  • CME closing some NY, Chicago futures trading pits Wednesday, 4 Feb 2015 | 6:13 PM ET
    A trader signals orders on the financial floor at the Chicago Board of Trade in Chicago.

    CME Group says it will close most of its futures trading pits in Chicago and New York City by July 2, 2015.

  • Stocks close up sharply, boosted by Greece and oil Monday, 2 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.

  • 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...

  • HALFTIME FINAL TRADES 1/26/15 Monday, 26 Jan 2015 | 3:03 PM ET
  • Gold slips as equities recover after Greek vote Monday, 26 Jan 2015 | 2:27 PM ET

    Gold fell 1 percent on Monday as traders cashed in gains that took the metal to five-month highs last week.

  • US crude reverses early gains to settle down 4.6% Thursday, 15 Jan 2015 | 2:31 PM ET
    The oil storage depot at Indonesian oil company Pertamina in Jakarta

    Oil prices fell on Thursday after weak U.S. economic data spurred worries over crude oil demand.

  • HALFTIME REPORT FINAL TRADES 1/12/15 Monday, 12 Jan 2015 | 2:19 PM ET
  • 'Halftime' trader sees CME new high, dumps Deere Monday, 12 Jan 2015 | 7:53 AM ET

    Josh Brown makes the first trade of CNBC's "Halftime" Portfolio Challenge.

  • Jim O’Neill: Oil prices to end 2015 higher Wednesday, 7 Jan 2015 | 10:26 PM ET
    Jim O'Neill, Former chairman of Goldman Sachs Asset Management

    Oil has been falling in recent months, but Jim O'Neill, former chairman of Goldman Sachs Asset Management, predicts prices will end higher this year.

  • Spot gold slips after FOMC minutes; futures end lower Wednesday, 7 Jan 2015 | 2:08 PM ET

    Gold eased slightly after a three-day winning streak as the dollar and equities strengthened.

  • SINGAPORE, Jan 7- Gold took a breather on Wednesday after a three-day winning streak but held near its highest in three weeks as investors sought safety in the metal amid a tumble in global equities. *Spot gold eased 0.2 percent to $1,216.30 an ounce by 0033 GMT, after jumping over 1 percent overnight to $1,222.40- its highest since Dec. 15. In news from the physical...

  • 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,...