April 5 at 6:28 a.m.
Filed under:
Exchanges,
M&A
By Dow Jones Newswires-Wall Street Journal
CME Group CEO Craig Donohue stands in the lobby of its headquarters at 20 S. Wacker St. (Alex Garcia/Chicago Tribune)
The top executive of CME Group Inc. said the company does not need to bid for NYSE Euronext to bolster CME’s ongoing drive to expand beyond the United States.
Craig Donohue, CEO of the Chicago-based exchange operator, reiterated a focus on organic growth by leveraging CME’s existing futures and options contracts through a broader range of electronic distribution. “We’re very focused on our core business,” Donohue said in an interview Monday with CNBC. Get the full story »
April 1 at 6:21 a.m.
Filed under:
Exchanges,
M&A
By CNN
Nasdaq OMX and IntercontinentalExchange on Friday announced a joint $11.3 billion bid to buy the parent company of the New York Stock Exchange, topping an offer by Germany’s Deutsche Boerse. Get the full story »
March 24 at 1:45 p.m.
Filed under:
Economy,
Exchanges
By Reuters
The benchmark measure of U.S. stock options headed for its biggest six-day drop since November 2008 as concern that this month’s Japanese earthquake will curb the global economy eased. Get the full story »
March 22 at 8:47 a.m.
Filed under:
Economy,
Exchanges
By Reuters
Preventing another financial crisis similar to the one that shook the markets in 2008 requires a global effort and cannot be done by one nation alone, the head of the U.S. Commodity Futures Trading Commission said on Tuesday.
Gary Gensler, the chairman of the CFTC, the regulator of futures markets, said even though it is more than two years since the crisis exposed flaws in global financial and regulatory systems around the world, “significant uncertainty” still remains. Get the full story »
March 21 at 9:55 a.m.
Filed under:
Exchanges,
Investing,
M&A,
Updated
By Julie Johnsson
Charles Schwab is acquiring Chicago-based online brokerage optionsXpress Holdings Inc. for about $1 billion, the companies announced Monday.
OptionsXpress stockholders will receive 1.02 shares of Schwab stock for each share of optionsXpress stock, under the terms of the deal, which is expected to close in the third quarter of 2011. Get the full story »
Feb. 23 at 1:33 p.m.
Filed under:
Exchanges,
M&A
By Reuters
The Chicago Board Options Exchange’s parent is now formally open to “strategic transactions” such as a sale or merger with another exchange operator, a person with direct knowledge of the company’s stance said on Wednesday. Get the full story »
Feb. 23 at 10:24 a.m.
Filed under:
Exchanges,
M&A,
Updated
By Reuters
Chicago's CME Group offices at 30 S. Wacker Drive in Chicago. (Nancy Stone/Chicago Tribune)
Nasdaq OMX Group could launch a rival bid for NYSE Euronext to avoid being left on the sidelines, a source said, as traditional exchanges race to merge to see off upstart electronic rivals.
This is one option Nasdaq, valued at $5.7 billion, is considering as a spate of deals shakes up an industry under intense cost pressure from new entrants such as BATS Global Markets, which last week snapped up rival Chi-X.
Nasdaq’s alternatives include tying up with IntercontinentalExchange Inc or the Chicago Mercantile Exchange (CME) to wrest NYSE from its planned $10.2 billion takeover by Deutsche Boerse, the source familiar with the matter said. Get the full story »
Feb. 15 at 5:38 a.m.
Filed under:
Exchanges,
Investing
By Reuters
CME Group Inc., the biggest U.S. futures exchange operator, said on Monday that 10 top swaps dealers signed up to be founding members of CME’s interest-rate swaps clearing service.
The firms that signed a non-binding term sheet for the service were BofA Merrill Lynch, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank Securities Inc, Goldman Sachs Group, JPMorgan Chase & Co, Morgan Stanley, Nomura and UBS, CME said. It provided no details on terms of the agreement. Get the full story »
Jan. 18 at 7:59 a.m.
Filed under:
Exchanges
By Dow Jones Newswires
Edmund O'Connor, third from left, then CBOE's vice chairman, at bell-ringing ceremony to mark the opening of the CBOE's second trading floor in 1974. (Courtesy CBOE)
Edmund O’Connor, the architect of the Chicago Board Options Exchange and for decades a major figure in Chicago’s derivatives-trading community, died early Monday. Get the full story »
Dec. 13, 2010 at 11:12 a.m.
Filed under:
By Dow Jones Newswires
R.J. O’Brien & Associates LLC, the Chicago derivatives brokerage, is back in the hands of its founders after two private equity firms opted to sell back the control acquired in 2007 at the height of a flurry of deal-making in the sector.
The firm is one of the largest independent U.S. futures brokers, started in 1914 as a cash butter and egg specialist called John V. McCarthy & Co., and part of a coterie that developed Chicago’s role as the self-styled risk-management capital of the world. Get the full story »
Dec. 10, 2010 at 5:04 p.m.
Filed under:
Agriculture/Farming,
Technology
By Reuters
Large speculators cut back on their bearish exposure to U.S. grain futures as an unexpected holiday season rally forced traders to cover short positions. Get the full story »
Dec. 1, 2010 at 4:21 p.m.
Filed under:
Exchanges
By Reuters
The futures regulator will miss a mid-January deadline to finalize its long-awaited plan to limit speculative positions held by commodity traders, an agency official said on Wednesday.
“At this point we’re not going to make the deadline,” Jill Sommers, a commissioner at the Commodity Futures Trading Commission, told Reuters. “I don’t see how we make the January deadline.”
Once the CFTC introduces the rule it is required to open it to public comment for at least 30 days, review those comments, determine any revisions, then finalize it. Get the full story »
Nov. 30, 2010 at 5:27 p.m.
Filed under:
Exchanges
By Reuters
The CBOE Futures Exchange, a subsidiary of CBOE Holdings Inc., said on Tuesday that it has changed the daily opening time for the trading of futures on the CBOE Volatility Index. VIX effective Dec. 10, pending regulatory approval. Get the full story »
Nov. 29, 2010 at 6:16 a.m.
Filed under:
Exchanges
By Dow Jones Newswires-Wall Street Journal
The popularity of the VIX index, which has become a widely watched barometer of investor fear since the financial crisis, is generating a host of spinoffs, copycats and derivatives. It is adding up to big business for VIX’s owner, the Chicago Board Options Exchange, as well as partners and competitors that have developed products pegged to, or inspired by, the VIX. Get the full story »
Nov. 19, 2010 at 8:34 a.m.
Filed under:
Exchanges
By Dow Jones Newswires
CME Group Inc. is raising the margin requirements on certain futures contracts on the exchange, effective at the close of business Friday, CNBC reported.
