…FX Volume Climbs at CME in January

Foreign exchange volume on the CME in January averaged 494,000 contracts per day, up 29% from January 2006 while electronic foreign exchange volume averaged 450,000 contracts per day, up 35% compared with the year ago period. Total monthly volume was 116 million contracts, with volume on the CME Globex electronic trading platform rising 19% to […]
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CME Reports Record Results for 2006…

Chicago Mercantile Exchange (CME) reported record total revenues and earnings for 2006 boosted by strong growth in trading volume across its entire product line. Total revenues climbed 22% to $1.1 billion for the year, compared with $890 million for 2005. Net income rose 33% to $407 million, versus $307 million a year ago. Average daily […]
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CME, CBOT Name Post-Merger Management Team

Executives of the Chicago Mercantile Exchange (CME) dominate the management lineup of a new super exchange following the completion of its merger with rival Chicago Board of Trade (CBOT). Just one member of CBOT was named in the merged company’s management team. Bryan Durkin, CBOT’s chief operating officer will join CME Group in the same […]
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Tokyo Financial Exchange to Upgrade FX Futures System

The Tokyo Financial Exchange (TFX) plans to upgrade its foreign exchange margin trading system following growing volumes in its currency futures contracts. A TFX spokesperson tells Squawkbox that the exchange will aim to upgrade its system internally, possibly in mid 2007. TFX launched seven currency futures contracts in July 2005 with average daily volumes now […]
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Philadelphia Exchange to Launch Currency Options on GBP

The Philadelphia Stock Exchange (PHLX), which introduced the concept of exchange-traded currency options in 1982 for securities account holders, began trading world currency options on the British pound last week (Monday, January 8). The US dollar-settled British pound currency options are quoted in terms of US dollars per unit of the underlying currency and the […]
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Eckert to Head Eurex in US

Swiss German derivatives exchange Eurex has appointed Heike Eckert to manage its activities in the US. She will also be responsible for customer support and new customer acquisition, as well as new business development in North America. Over the last ten years Eckert has held a number of leadership and project management positions within Deutsche […]
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CME Posts Seventh Consecutive Record Year

Chicago Mercantile Exchange (CME) set annual volume records across all its product lines in 2006 including foreign exchange where daily volume increased 35% to 453,000 contracts per day compared to the year before.  Electronic FX volume increased 47% to a record average of 396,000 contracts per day compared with 2005.  The exchange posted total 2006 […]
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Another Week; Another CME Record

Just one week after revealing its busiest day, CME raised the bar again on December 8, when FX trading breached a significant growth milestone with record volume of 1,268,883 futures and options on futures contracts. This reflects record notional value of $157.8 billion.  This record reflects a significant increase over the previous volume and notional […]
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Eurex to Add Credit Derivatives

Eurex will launch the world’s first exchange traded credit derivatives contract on 27 March 2007, a future based on the iTraxx Europe 5 year index series. The iTraxx Europe index is an equally weighted portfolio of the 125 most liquid Europeaninvestment grade credit default swap (CDS) entities. In addition, dependent on market demand and sufficient […]
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CME Euroyen Contracts to Trade on Globex

The Chicago Mercantile Exchange CME) will begin listing its Euroyen futures and options on futures contracts on the CME Globex electronic trading platform on Sunday, February 4, 2007, for the trade date of February 5. Side-by-side electronic and open outcry trading will be available for the Euroyen Tibor (Tokyo Interbank Offered Rate) contract, which will […]
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