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Exchanges CME

  • *Focus on industrial users may help avoid big price swings. *London- based LME aims to launch aluminium premium contract. BEIJING, May 15- Shanghai Futures Exchange said on Tuesday it would launch China's first real-time platform for trading physical commodities from copper to chemicals, as it seeks to improve transparency and challenge rivals in the global...

  • CME, which owns the Chicago Board of Trade, said average daily volume jumped 30 percent to an all-time high of 22.2 million contracts. This pushed clearing and transaction fees, CME's biggest revenue stream, up 23 percent to $973.6 million in the three months ended March 31. The company's net income rose to $598.8 million, or $1.76 per share, in the first quarter...

  • April 26- CME Group Inc, the world's largest futures exchange, posted a 50 percent jump in quarterly profit on Thursday as a spike in market volatility lifted trading volumes. The company's net income rose to $598.8 million, or $1.76 per share, in the first quarter ended March 31, from $399.8 million, or $1.18 per share, a year earlier. Total revenue rose to $1.11...

  • April 24- London Stock Exchange Group reported higher quarterly income on Tuesday, amid growing signs it is making peace with an influential activist investor after a turbulent 2017.. Hedge fund TCI led an unsuccessful campaign to oust LSE Chairman Donald Brydon last year over his handling of the departure of long-standing group CEO Xavier Rolet.

  • OVERLAND PARK, Kan., April 5- Global grain merchant Bunge Ltd and U.S. farmer-owned cooperatives hit exchange-operator CME Group Inc with complaints at a regulatory advisory committee meeting on Thursday over private transactions which critics say reduce transparency in agricultural markets. CME, which owns the Chicago Board of Trade and the Chicago...

  • OVERLAND PARK, Kan., April 5- Global grain merchant Bunge Ltd and U.S. farmer-owned cooperatives hit exchange-operator CME Group Inc with complaints at a regulatory advisory committee meeting on Thursday over private transactions which critics say reduce transparency in agricultural markets. CME, which owns the Chicago Board of Trade and the Chicago...

  • The new British Virgin Islands- based trading platform, known as CoinfloorEX, is aimed at hedge funds, proprietary trading firms and sophisticated retail investors, as well as cryptocurrency miners, Mark Lamb, co-founder of Coinfloor, said in an interview. "When you talk to the liquidity providers, they all say the same thing, which is they want a physically...

  • NEW YORK, March 26- U.S. securities regulators should not stand in the way of exchange-traded funds that hold cryptocurrencies like bitcoin from coming to the market as they are essentially the same as other ETFs that hold commodities, said exchange operator Cboe Global Markets. Yet bitcoin has been volatile, swinging from a 2018 high of $17,234.99 on Jan. 6 to a...

  • LONDON, March 16- European shares saw a muted start to trading on Friday, with exchange delays hampering trade in German equities, though NEX Group was a big mover after a takeover offer. Germany's DAX index did not open, and trading in Siemens' Healthineers was also delayed. Deal-making was once again in focus on European stocks, with shares in exchange operator NEX...

  • The new London- based trading platform, known as CoinfloorEX, is aimed at hedge funds, proprietary trading firms and sophisticated retail investors, as well as cryptocurrency miners, Mark Lamb, co-founder of Coinfloor, said in an interview. "When you talk to the liquidity providers, they all say the same thing, which is they want a physically delivered futures...

  • March 2- Wall Street analysts wasted no time in raising forecasts for exchange operators CME Group Inc and Nasdaq Inc after last month's historic stock market volatility, but industry watchers warned the companies may suffer if the selloff becomes deeper and more prolonged. "High volumes directly translates into revenue for exchange operators," said Stephen...

  • SINGAPORE, Feb 26- Asia's booming liquefied natural gas market has seen exchanges and commodity price agencies vie to become the region's leading price benchmark. With over 70 percent of global LNG consumed in Asia, and growth concentrated in this region, it adds a potentially lucrative business to the company's already profitable operations providing oil...

  • NEW YORK, Feb 6- As major financial institutions weave themselves deeper into the patchwork of cryptocurrency trading, they are trying to figure out how to handle conflicts that could arise when employees trade digital coins in their personal accounts. Until recently, banks, brokerages and exchanges had largely steered clear of the crypto-craze, even as they...

  • NEW YORK, Feb 6- As major financial institutions weave themselves deeper into the patchwork of cryptocurrency trading, they are trying to figure out how to handle conflicts that could arise when employees trade digital coins in their personal accounts. Until recently, banks, brokerages and exchanges had largely steered clear of the crypto-craze, even as they...

  • NEW YORK, Feb 6- As major financial institutions weave themselves deeper into the patchwork of cryptocurrency trading, they are trying to figure out how to handle conflicts that could arise when employees trade digital coins in their personal accounts. Until recently, banks, brokerages and exchanges had largely steered clear of the crypto-craze, even as they...

  • The company's shares rose 1.8 percent at $156.24 to hit a record high. Bitcoin futures contracts, which the company launched in December 2017, have been a "slow grower" according to Chief Executive Terry Duffy. The company said it expects 2018 adjusted operating expense, excluding license fees, to be between $1.10 billion to $1.105 billion.

  • Feb 1- CME Group Inc, the world's largest futures exchange, said on Thursday its fourth-quarter profit surged due to a $2.6 billion benefit related to the U.S. tax overhaul. Net income rose to $2.94 billion, or $8.63 per share, in the quarter ended Dec. 31, from $373.4 million, or $1.10 per share, a year earlier. Total revenue fell to $900 million from $912.9 million, a year...

  • Feb 1- CME Group Inc, the world's largest futures exchange, said on Thursday its fourth-quarter profit surged due to a $2.6 billion benefit related to the U.S. tax overhaul. Net income rose to $2.94 billion, or $8.63 per share, in the quarter ended Dec. 31, from $373.4 million, or $1.10 per share, a year earlier. On an adjusted basis, CME reported earnings of $1.12 per share.

  • MELBOURNE, Jan 15- CME Group won a bigger slice of the copper market in 2017 from its rivals in London and Shanghai, a Reuters analysis of exchange data showed, a trend that is expected to continue though this year. At the London Metal Exchange, holder of the world's largest copper contract, volumes fell by 7.9 percent to the lowest since 2010. Shanghai Futures...

  • *Spot gold was mostly unchanged at $1,322.73 an ounce at 0059 GMT. Last week, prices touched their highest since Sept. 15 at $1,325.86. *Despite weaker-than-expected data, traders overall stuck to their conviction that the Federal Reserve will raise rates at least twice this year, a Reuters analysis of fed funds futures contracts traded at CME Group suggested.