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CME Group Inc

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  • UPDATE 1-CBOE profit misses estimates as costs rise Friday, 6 Feb 2015 | 8:19 AM ET

    Feb 6- CBOE Holdings Inc, operator of the largest U.S. stock-options market, reported a lower-than-expected quarterly profit as higher expenses offset a surge in trading volumes. Increased volatility has lifted trading volumes since CBOE said in the second quarter it would cut expenses due to weak volumes. Last year, total trading volume for options contracts...

  • Early movers: TWTR, MSG, EBAY, GPRO & more Friday, 6 Feb 2015 | 8:00 AM ET

    Some of the names on the move ahead of the open.

  • CHICAGO, Feb 5- The boisterous world Kevin Duffy entered 34 years ago to run paper slips into trading pits at the Chicago Board of Trade was an age apart from today, when open-outcry trading only intermittently disrupts the quiet hum of computers. The Chicago corn market was a noisy, bruising, frantic place where traders and commercial brokers establish prices...

  • CHICAGO, Feb 5- For tailor Peter Papageorge, making the vibrant jackets worn by traders on the floors of exchanges in Chicago and New York used to be the bulk of his business. Papageorge's family founded Peco Inc, based on the southwest side of Chicago, in 1919. The company bills itself as the largest manufacturer of the flashy trading jackets that are as colorful as...

  • NEW YORK, Feb 5- CME Group Inc will save $10 million per year after it shuts nearly all of its futures pits in New York and Chicago, a spokesman said on Thursday, as the world's biggest futures exchange pushes ahead with cost-cutting measures. While that may be a significant saving in a single step, he said that sum represents only a quarter of the total cost of running...

  • CME's Duffy: Markets evolve   Thursday, 5 Feb 2015 | 4:27 PM ET
    Bond traders on the floor of the CME Group in Chicago, Sept. 24, 2014.

    The CME Group will close most of its open out-cry futures trading in Chicago. Executive chairman and president Terry Duffy explains the decision.

  • End of an era at the Chicago Mercantile Exchange   Thursday, 5 Feb 2015 | 3:17 PM ET
    End of an era at the CME

    CNBC's Rick Santelli, a veteran of the pits at CME, breaks down what the closure of the futures pits means for the exchange and its traders.

  • Chicago trader: Goodbye ‘Last of the Mohicans’ Thursday, 5 Feb 2015 | 2:29 PM ET
    Confetti drops on traders and clerks at the CME.

    Chicago trader Jeff Kilburg says goodbye to the CME's futures trading pits and looks optimistically toward the electronic future.

  • NEW YORK, Feb 5- CME Group Inc will save $10 million per year in expenses after it shuts nearly all of its open-outcry futures pits in New York and Chicago in early July, a spokesman said on Thursday. That sum represents a quarter of the total cost of running its trading floors, he said, ahead of the release of the Chicago- based exchange's fourth-quarter results later...

  • As traders leave the floor, expect more volatility Thursday, 5 Feb 2015 | 1:20 PM ET
    Traders work in trading floor of the CME Group's Chicago Board of Trade in Chicago.

    Despite the free-for-all appearance of the trading pits, CME Group's decision to shut down in-person futures trading could have an impact on orderly markets.

  • Rise of the machines at the CME   Thursday, 5 Feb 2015 | 12:37 PM ET
    Trading Places: Rise of the machines

    The CME Group announced it will close most of its open outcry futures pits, with CNBC's Jackie DeAngelis, and Anthony Grisanti, GRZ Energy.

  • CME to close most futures trading pits   Thursday, 5 Feb 2015 | 11:46 AM ET
    CME to close most futures trading pits

    CNBC's Rick Santelli provides insight to the changing futures pits at the CME Group.

  • The London Metal Exchange plans to hold fast as the last bastion of open outcry trading, even after the world's largest futures market operator, CME Group Inc, said it would shut almost all its open-outcry futures pits by July 2. The impact of CME's move will stretch from grain and livestock pits in Chicago to gold and oil trading in New York. "The LME is a much more of a...

  • Futures point higher; Oil, US data eyed amid Greece Thursday, 5 Feb 2015 | 8:39 AM ET
    Traders work the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a higher open, ahead of key media company earnings and after the ECB put more pressure on Greece's new government.

  • Early movers: HSP, LB, SIRI, YUM, CME & more Thursday, 5 Feb 2015 | 7:49 AM ET
    NYSE New York Stock Exchange traders markets

    Some of the names on the move ahead of the open.

  • "I believed this would be the eventual outcome, and I never had a doubt," Melamed, chairman emeritus of CME Group, told Reuters on Wednesday. When he was chairman of the Chicago Mercantile Exchange, predecessor to the CME Group, Melamed introduced electronic trading to the futures industry in 1992 in the form of a computerized system called Globex.

  • 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...