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Exchanges CME

  • 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.

  • The company, which owns the Chicago Board of Trade and Chicago Mercantile Exchange, will expand the use of transactions called block trades in its grain and livestock futures and options, such as corn. The transactions help traders execute large-lot orders at a "fair and reasonable" single price and avoid disrupting prices in markets with lower liquidity, such...

  • CME Group, which owns the Chicago Board of Trade and the Chicago Mercantile Exchange, will expand the use of transactions called block trades in its grain and livestock futures and options, such as corn and soybeans. The transactions help traders execute large-lot orders at a "fair and reasonable" single price and avoid disrupting prices in markets with lower...

  • Dec 20- The online brokerage firm E* Trade Financial Corp will allow customers to trade bitcoin futures from Cboe Global Markets Inc, the company said on its website Wednesday, joining its rivals in opening the door for more mainstream adoption of the cryptocurrency. The launch of futures by Chicago- based exchange Cboe and its rival CME Group Inc a week earlier,...

  • TOKYO, Dec 20- Bitcoin fell more than 10 percent on Wednesday to a one-week low of $15,800 at cryptocurrency exchange Bitstamp, losing almost one- fifth of its value from a peak hit just three days ago. The digital currency has been sliding since it reached a record high of $19,666 on Sunday, when the exchange giant CME Group launched bitcoin futures, one week after...

  • Broken representations of the Bitcoin virtual currency, placed on a monitor that displays binary digits, are seen in this illustration picture, December 8, 2017.

    Bitcoin futures have soared since debuts on futures exchanges this month with technical charts signaling a sharp correction is likely.

  • NEW YORK/ LONDON/ SYDNEY, Dec 18- Bitcoin futures got a muted reception after their debut on CME Group late on Sunday, with volumes in the tens of millions of dollars in the first 12 hours of trading, as warnings about the risks of bitcoin sounded ever louder. A total of 751 contracts- each of them for five bitcoins- had been traded on CME's January futures contract as of...

  • NEW YORK/ SYDNEY, Dec 18- Bitcoin futures received a lukewarm reception at its launch on the CME Group Inc on Sunday, although market experts believe a recent rally in the cryptocurrency has further to go. The reference price, from which price limits are set, is $19,600 for the February contract, $19,700 for March and $19,900 for June, according to CME.

  • The CME bitcoin front-month futures opened at $20,650 and have so far traded as low as $19,290 and as high as $20,650 in a session that extends into Monday. The new contract was recently at $19,290 on CME, below the $19,500 reference price set by the exchange for the January contract. The reference price, from which price limits are set, is $19,600 for the February...

  • The CME bitcoin futures opened at $20,650 and have so far traded as high as $20,650 and as low as $19,315 in a session that extends overnight into Monday. The new contract was recently at $19,480 on CME, while the week-old bitcoin futures contract at the Cboe was last trading at $19,500, up 7.7 percent on the day. The seed price, or the reference price from which price...

  • An Amazon strategy for bitcoin

    Ronnie Moas of Standpoint Research says he look at bitcoin as an Amazon-like play - "buying it, holding it and adding on the dips."

  • NEW YORK, Dec 17- Bitcoin investors expect futures volumes to perk up when CME Group Inc, the world's largest derivatives exchange operator, launches its own contract to wager on the cryptocurrency on Sunday. "The CME contract is based on a broader array of exchanges," said Matt Osborne, chief investment officer of Altegris, a $2.5 billion alternative investments...

  • Exchange operators CME Group and Deutsche Boerse have decided to downgrade their membership for the consortium starting at the end of January 2018, according to slides titled "member attrition" from a board meeting presentation held on Friday. CME Group and Deutsche Boerse were premier members of the group and will downgrade to a general membership.