…As Does CBOE

After receiving the go-ahead from Securities and Exchange Commission to list and trade credit default options, the Chicago Board Options Exchange plans to launch credit default options on five individual companies. CDOs on General Motors Corporation, Ford Motor Company, Lear Corporation, Hovnanian Enterprises and Standard Pacific on Tuesday, June 19. CBOE’s CDOs offer the opportunity […]
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CME Has a Cracking Week…

The Chicago Mercantile Exchange had a good week last week; it received approval to trade credit derivatives, became a recognised overseas clearing house, and had its second highest volume day.   The Commodity Futures Trading Commission reviewed and approved the CME’s North American Investment Grade High Volatility Credit Index Event contract, which is a contract based […]
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FXMS Continues Steady Start

FX MarketSpace, the 50/50 joint venture between CME and Reuters which has produced the FX world’s first cash-settled global exchange, has continued with its steady start, although already the platform is showing signs of settling into a role within the wider industry.   Data from the firm shows that average daily volume rose 54% from […]
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CME Posts Third Highest Volume Month

CME has unveiled May as its third highest month ever in volume terms, the Merc registering average daily volume of 6.1 million contracts, up 23 percent sequentially and 12 percent from May 2006.   Volume on the CME’s Globex electronic trading platform increased 11 percent from May 2006 to average 4.4 million contracts per day, […]
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CME Sweetens CBOT Bid

The Chicago Mercantile Exchange (CME), which had called IntercontinentalExchange’s (ICE) $9.9 billion rival bid for the Chicago Board of Trade “significantly inferior” to its own $8 billion-plus bid, has now sweetened the pot.   CBOT, which agreed last October to merge with the CME, received a competing bid from all-electronic energy and commodities marketplace ICE […]
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FXMS Releases First Volume Data

FXMarketSpace, the FX market’s first centrally-cleared, global trading platform, has released its first set of turnover figures. The updates are designed to provide increased transparency to FXMarketSpace customers and the FX market as a whole and are a first for a cash FX platform.   There is still a degree of surprise that the platform […]
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CME Reports Record Earnings for Q1

The Chicago Mercantile Exchange reported a 32% rise in total revenues to a record $332 million; and a 42% increase in net income to a record $130 million for first-quarter 2007 compared with first quarter 2006. The exchange’s diluted earnings per share rose 41% to a record $3.69 from $2.61.   First quarter volumes also […]
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Trading Technologies Launches Gateway to SGX

Trading Technologies International (TT) has launched its Singapore Exchange (SGX) gateway, its first into the Asian financial markets. The gateway provides TT’s X_Trader 7 customers with electronic access to SGX’s range of regional futures and options contracts on interest rates and equities.   Harris Brumfield, TT’s CEO, says, “Global interest in the vibrant Asian markets […]
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Dubai Exchange to Launch World’s Indian Rupee Future

The Dubai Gold and Commodities Exchange (DGCX) will list a currency futures contract on the Indian rupee in the next two months. The exchange listing will be a world’s first for the Indian rupee and will follow DGCX’s listing of three currency futures (on the euro, yen and GBP against the USD) in June 2006. […]
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ICE Opens NYC Trading Center

IntercontinentalExchange (ICE) opened a trading centre in New York last week, joining some of the world’s largest exchanges which are located in New York City. ICE, an electronic energy exchange headquartered in Atlanta, will serve its energy and soft commodities clients from the centre and is soon going to offer foreign exchange and index products […]
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