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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CBOT to Trade Credit Derivatives

The Chicago Board of Trade plans to offer contracts based on credit derivatives next year, officials say. The exchange will launch a dollar-denominated, index-linked futures contract and is negotiating with banks and brokerages on using established indexes while also exploring the creation of its own benchmark, according to a report in the Chicago Tribune. Credit […]
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CME Adds Won

Chicago Mercantile Exchange (CME) has secured five banks as market makers for its CME Korean won currency futures contract, which was launched on September 18. The banks are Development Bank of Singapore, Korea Development Bank, Korea Exchange Bank, Standard Chartered Bank and Woori Bank. CF Wong, CME managing director for products and services, Asia says, […]
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ISE to List FX Options

The International Securities Exchange (ISE) says it intends to create and list new foreign currency options in early 2007 pending regulatory approvals and has signed an agreement with Reuters to provide the underlying data. Similar to existing equity and index options products, ISE FX Options will trade in US dollars and will be available through […]
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CME Extends Incentive Program

Chicago Mercantile Exchange says it will be extending its European (EIP), Asian (AIP) and eFX bank incentive programs through December 31, 2007. In addition, the Merc says it is extending the electronic corporate membership (ECM) program, created in 2004 to provide proprietary trading firms and corporate entities with reduced exchange fees when trading CME products […]
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