Inside these posts: Chicago Mercantile Exchange

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CME Group plans office in Ukraine

Exchange operator CME Group Inc. intends to set up an office in Ukraine by the end of the year, the country’s agriculture minister said Thursday, in a move he hopes will help to boost the country’s status as a world agricultural power. Get the full story »

CME to offer margining plan for rates, Treasuries

CME Group Inc. on Monday unveiled a cross-margining plan that would help customers trading both interest rate and Treasury futures, as the world’s largest derivatives exchange prepares for more competition.

The move by the Chicago Mercantile Exchange parent to create a new clearing membership class comes weeks before rival NYSE Euronext is expected to launch a similar cross-margining platform. Get the full story »

CME discussed merger with Deutsche Boerse

Exchange giant CME Group Inc. discussed a merger with Deutsche Boerse AG in late 2007, but the two companies couldn’t agree on a price, according to people familiar with the matter.

The aborted talks show how hungry the Chicago company was to combine the biggest derivatives-trading operations in the U.S. and Europe. Even though the discussions fell apart, CME still has ambitions for world-wide dominance in derivatives. Get the full story »

Tax hike concerns aside, CME to stay put

CME Group Inc., which runs the Chicago Mercantile Exchange and the Chicago Board of Trade, has no plans to leave the city, despite concerns over Illinois’ recent tax hike, a spokeswoman said on Friday.

“We are not planning to leave Chicago,” the spokeswoman said in response to an e-mailed query from Reuters, after Fox Chicago News reported that CME was “threatening” to leave its hometown. Get the full story »

CME wants Daley subsidy for trading floor overhaul

CME Chairman Terry Duffy, left, shows off CME Group's trading floors, Nov. 10, 2008. (Chris Walker/Chicago Tribune)

The Chicago Mercantile Exchange will overhaul its east trading floor at the Chicago Board of Trade building as part of a renovation plan funded by a proposed $15 million in tax increment finance assistance.

Mayor Richard M. Daley proposed an ordinance for the CME’s TIF agreement on Wednesday. The city of Chicago had pledged the¬†assistance to CME in October 2009.

In exchange, CME agreed to keep 1,750 full-time positions and add at least 683 local jobs during the next decade. City officials said CME needed the financial help to outbid Atlanta-based IntercontinentalExchange for the Chicago Board of Trade. If the other company had succeeded in acquiring CBOT, the headquarters and jobs would have moved to Atlanta, officials said. Get the full story »

Meat prices hit 20-year high

From the Financial Times | Global meat prices have hit a 20-year high amid a drop in production in the United States and Australia and strong demand from emerging countries. The prices increases have fueled speculation in live cattle and lean hog futures on the Chicgo Mercantile Exchange. '; } else if (google_ads[0].type == "flash") { s += '' + '' + '' + '' + ''; } else if (google_ads[0].type == "html") { s += google_ads[0].snippet; } else if (google_ads[0].type == "text") { s += '

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