FXMS, CLS Continue to Explore Areas of Cooperation

Despite speculation in the industry about the relationship between FX MarketSpace (FXMS) – the Chicago Mercantile Exchange and Reuters joint venture – and CLS, the provider of Continuous Linked Settlement, both companies stress that their working relationship remains business-like and that no block on activity has been put in place. Speculation over the firms’ relationship emerged earlier […]
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CME Expands FX Options Trading Hours

The Chicago Mercantile Exchange (CME) will offer side-by-side open outcry and electronic trading for the majority of its CME FX options on futures beginning Monday, December 18. Nine CME FX options, with American-style expiration, will be available nearly 23 hours a day on the CME Globex electronic trading platform. The options are: CME Euro FX […]
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CME Reports Rise in FX Volume

In other news, CME said last week that foreign exchange volume in October rose 24% compared with the year-ago period, reflecting a rise in volume generally across the exchange. FX volume averaged 407,000 contracts per day with electronic volume increasing 31% from October 2005 to an average 363,000 contracts per day. Overall, volume for all […]
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CME and SGX Renew Clearing Agreement

Chicago Mercantile Exchange (CME) and Singapore Exchange (SGX) haverenewed their Mutual Offset System (MOS) agreement until 2010, giving market participants the choice of clearing certain products at either exchange.  The products include three-month eurodollar futures, three-month euroyen futures and yen-denominated Nikkei 225 index futures. New products launched by CME and SGX will also be considered […]
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CME and Taiwan Futures Exchange Collaborate

The Chicago Mercantile Exchange and derivatives exchange Taiwan Futures Exchange (Taifex) signed a memorandum of understanding (MOU) last week to establish a forum for information sharing between the two organisations. The relationship will help CME further expand its presence in Asia that began more than 20 years ago. “Through strengthened collaboration, we will learn from […]
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Morsch-Zlatkovic to Join FXMarketSpace?

Market sources say Reny Morsch-Zlatkovic is joining FXMarketSpace, the Reuters and CME joint venture, to work in sales based in London. A spokesperson for FXMarketSpace says the company has no announcements to make regarding new hires.   Morsch-Zlatkovic was previously at the Eurex exchange in Europe, working in FX derivatives sales.
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CME Moves on CBOT

Chicago Mercantile Exchange (CME) is to acquire rival Chicago Board of Trade (CBOT) for $8 billion in stock and cash in a move to create the world’s most diverse derivatives exchange.  With global derivatives trading in all major asset classes, the combined company – to be called CME Group – will provide one of the […]
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CME FX Volumes Rise

The Chicago Mercantile Exchange’s (CME) FX volume averaged a record 520,000 contracts per day in September, up 26% from the year-ago period, the exchange said last week. Electronic foreign exchange volume increased 40%, to a record 446,000 contracts per day compared with September 2005. The CME also broke down its third quarter results showing that […]
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Calyon Financial, Trading Technologies, Team up for Asia Derivatives

Calyon Financial says it will offer trading access to futures on seven key Asian exchanges via the Trading Technologies X_Trader platform from Chicago-headquartered Trading Technologies International (TT). . The brokerage firm has connected TT’s full suite of X_Trader tools to Frontiers, its proprietary Asian futures trading system. As a result Calyon Financial clients can now […]
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FXMarketSpace Gains Momentum as More Firms Sign up

FXMarketSpace, the forthcoming centrally-cleared, global foreign exchange trading platform, has secured a second group of financial institutions to participate in its Early Adopter Program (EAP). The EAP now numbers more than 40 participants, demonstrating a widespread acceptance of the platform – a 50/50 joint venture between the Chicago Mercantile Exchange and Reuters – among cash […]
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