Inside these posts: Derivatives trading

Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.


Options Clearing Corp. changes name to OCC

From Bloomberg | Chicago-based Options Clearing Corp. changed its name to OCC, according to a statement from the group which clears and settles all trading of U.S. exchange-listed equity derivatives contracts.

CME senior exec confident about U.S. position

The proposed combination of Europe’s biggest futures markets will do little to help NYSE Euronext and Deutsche Boerse AG compete against CME Group Inc. in the U.S., a senior CME executive said Tuesday.

“Putting together their pools of liquidity doesn’t really create competitive advantages for them,” said Jamie Parisi, chief financial officer for the Chicago-based exchange company, speaking at an event hosted by Raymond James. Get the full story »

NYSE to launch direct challenge to CME March 21

NYSE Euronext will launch its long-awaited challenge to CME Group’s lucrative interest rate futures franchise on March 21, the exchange operator said on Wednesday.

The launch highlights the importance of the derivatives business to the operator of the world’s best known stock exchange, which agreed last month to be taken over by Germany’s Deutsche Boerse AG. The combination would dominate European futures trading, even as the NYSE tries to win a foothold in U.S futures, where CME is the biggest player. 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 »

Nasdaq, ICE consider bid on NYSE

Nasdaq OMX and IntercontinentalExchange are in talks to team up on a possible bid for NYSE Euronext, in an attempt to break up the Big Board’s deal with Deutsche Boerse, the New York Times’ Dealbook reported on Friday. Get the full story »

Regulator: Swap trading venues may miss deadline

Swaps trading venues, a centerpiece of legislation overhauling derivatives, may need to be phased in later than planned because many will miss an October 15 deadline for meeting self-policing requirements, a Chicago-based regulator said.

The potential delay, flagged late Tuesday by National Futures Association President Daniel Roth in comments to a group of Chicago trading executives, represents a potential new setback as regulators rush to write rules for the sweeping Wall Street reform, known as the Dodd-Frank act, that was passed last summer. Get the full story »

CME’s Duffy rejects CFTC user fee proposal

CME Group Inc. Executive Chairman Terry Duffy said a plan to allow U.S. futures regulators to charge user fees would harm U.S. exchanges trying to compete globally.

The proposal “could put us at the biggest disadvantage we’ve ever seen,” Duffy told reporters after a hearing in Washington. Get the full story »

CME Group says it’s focusing on ‘organic growth’

CME Group's offices at 30 S. Wacker Drive in Chicago, Feb 14, 2011. (Nancy Stone/Chicago Tribune)

CME Group Inc. said it remains committed to “organic growth” in derivatives trade, following speculation that the Chicago company may launch a rival bid for NYSE Euronext.

CME, one of the world’s largest operators of futures and options markets, was reported Monday to be exploring a possible offer for the Big Board parent, which is in advanced merger talks with Germany’s Deutsche Börse AG, with Nasdaq OMX Group Inc. as a potential partner in such a deal.

NYSE Euronext owns the NYSE Liffe derivatives market, which is strong in Europe. Get the full story »

CME prepays $420 million loan, saves $3 million

Derivatives exchange operator CME Group Inc. said Thursday it has paid off a $420 million loan to complete the refinancing of a three-year debt agreement.

The original credit and term loan agreement, due to mature in August, was replaced with a $1 billion revolving credit agreement with an expiration of January 2014. Get the full story »

CME buys Elysian Systems in derivatives buildout

Futures exchange operator CME Group Inc. on Thursday struck a deal to buy Elysian Systems Ltd., a London company that provides trading systems for over-the-counter derivatives. Get the full story »

SEC proposes rules for swap dealers

U.S. regulators introduced proposals on Friday that will determine which companies will be forced to hold more cash in order to trade in the lucrative over-the-counter derivatives market. Get the full story »

CME Group 3Q profit up, in line with Street view

CME Group Inc., the world’s biggest futures exchange operator, said third-quarter profit rose in line with Wall Street expectations, as an increase in trading helped buoy the bottom line.

Net income jumped 21 percent to $244 million, or $3.66 per share, from $202 million, or $3.04 a share, in the year-earlier quarter. Revenue rose 13 percent to $733 million, as trading increased 14 percent. Get the full story »

Tighter derivatives rules gain headway in U.S.

The first global crackdown on the $615 trillion derivatives market gained momentum on Tuesday as U.S. regulators unveiled a new tool to police fraud and European officials urged tighter controls.

Moving to rein in vast, only loosely-regulated markets that were blamed for contributing to the 2007-2008 financial crisis, the U.S. Commodity Futures Trading Commission laid out plans to foil traders who seek to manipulate prices or defraud investors. Get the full story »

CME Group’s August average volume up 15%

Derivatives exchange operator CME Group Inc. said Thursday its August volume averaged 11.7 million contracts per day, a 15 percent increase from a year ago.

Total volume was 258 million contracts, with 82 percent traded electronically.

Ameritrade fixes derivatives platform glitch

TD Ameritrade Holding Corp.  said Tuesday that it had resolved technology issues that slowed trading and other functions on its Thinkorswim derivatives platform.

The retail brokerage cited a problem with one of Thinkorswim’s market-scanning functions, which affected customers Monday and resurfaced shortly after the open Tuesday. Get the full story »