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The Huffington Post (Free subscription) | 20/11/2008
Regulators expect to give the go-ahead to CME Group Inc. and rivals to clear contracts in the $47 trillion market for credit default swaps by the middle of next month, a Securities and Exchange Commission official told members of Congress today. The SEC, the Commodity Futures Trading Commission and the Federal Reserve Board need until "roughly the middle of December" to jointly review plans by the...
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Market Pipeline (Free subscription) | 20/11/2008
( Index Universe ) I spent some time looking at the Chicago Mercantile Exchange's housing futures this week. The futures are tied to the S&P Case-Shiller Home Price Indexes, and are the only liquid way to bet on where house prices are heading. Right now, the futures all agree: home prices are going lower. The longest-dated contract available expires November 2012. Using that contract, I looked at the...
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Securities Docket (Free subscription) | 20/11/2008
Latest “inside-the-beltway rumor mill” names offered up by Politico.com for chairman of the SEC in the Obama administration: Bill Brodsky, the chairman and CEO of the Chicago Board Options Exchange; also served as president and CEO of the Chicago Mercantile Exchange. Nancy Smith, vice president of AARP Financial Inc.; former director of the SEC Office of Investor [...]
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Health - The Post Chronicle (Free subscription) | 20/11/2008
Cattle futures plummeted at the Chicago Mercantile Exchange amid a variety of mad cow-related rumors, one of which was that a woman was being treated for the disease in an Amarillo hospital....
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The Washington Times (Free subscription) | 13/11/2008
able> Wheat for December delivery rose 5.25 cents to $5.3825 a bushel December corn gained 7.5 cents to $3.77 a bushel December oats lost 4 cents to $2.26 a bushel and November soybeans rose 1.75 cents to $8.87 a bushel. Beef and pork futures traded higher on the Chicago Mercantile Exchange. October live cattle advanced 0.03 cent to 90.55 cents a pound October feeder cattle rose 0.32 cent to 97.17...
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I LOVE MONEY (Free subscription) | 08/11/2008
The Lightning Round is extended in this CNBC.com exclusive feature. Read More. Topics:Stock Picks | Stock Market. Companies:ALCOA Inc | Intercontinental Exchange, Inc. | Chicago Mercantile Exchange Holdings Inc | Verizon Communications b…/b Source:Lightning Round OT: Alcoa, Cisco Systems and More
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Explore : Alcoa, Alcoa Inc, Aluminium, Cisco Systems, Financial Services, InterContinental Exchange, Markets, Mining, Money, Network Equipment, Stock markets, Stocks, Telecommunication
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Seeking Alpha (Free subscription) | 28/10/2008
Bapcha's Stocks submits: I’ve talked to three people with an inside line on negotiation with “founding members” of the Intercontinental Exchange (ICE) and the Chicago Mercantile Exchange (CME) units that want to float a proper credit default swap [CDS] market. For now, these seem to be the sticking issues: How much capital will the members need to lock up? And margin requirements - some companies...
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Calculated Risk (Free subscription) | 24/10/2008
From MarketWatch: S&P 500 futures contract triggers circuit breaker The Chicago Mercantile Exchange's circuit-breaker rules went into effect Friday as plunging S&P 500 and Nasdaq 100 futures contracts reached pre-specified limits. The CME limits the S&P 500 futures to a drop of a 60 points and the Nasdaq 100 futures to a drop of 85 points during electronic action. This follows a night of cliff
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Market Watch (Free subscription) | 24/10/2008
The Chicago Mercantile Exchange’s circuit-breaker rules go into effect Friday as plunging S&P 500 and Nasdaq 100 futures contracts reach pre-specified limits.
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Seeking Alpha (Free subscription) | 24/10/2008
Greg Newton submits: The Chicago Mercantile Exchange (CME) began trading steel futures contracts Monday, four years more or less after what is now its Nymex subsidiary originally announced plans to list the commodity. Things are going absolutely swimmingly, with a total of zero contracts traded in the first four days. But, as American Metal Market reported in Friday’s edition, price discovery proceeds...
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The Huffington Post (Free subscription) | 21/10/2008
The race for rights to set up a regulated and exchange-based market for credit default swaps is being led by CME Group , but the final decision will be a trade off between urgency and politics. The $55 trillion market, vilified as a major contributor to the current financial crisis, is heading for much tighter regulation and a number of exchanges are vying for a piece of this potentially lucrative...
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enrevanche (Free subscription) | 18/10/2008
Initially, the TED spread was the difference between the interest rates for three-month U.S. Treasuries contracts and the three-month Eurodollars contract as represented by the London Interbank Offered Rate (LIBOR). However, since the Chicago Mercantile Exchange dropped T-bill futures , the TED spread is now calculated as the difference between the three-month T-bill interest rate and three-month LIBOR....
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Mabinogogiblog (Free subscription) | 15/10/2008
Helpful article here from John Mauldin: : "We have dodged a huge bullet. But the anguish this has put the credit markets through the past month was avoidable. The CDS markets MUST be made to migrate to a regulated clearing entity like the Chicago Mercantile Exchange. Next week would be a good time." That'll do me. Not in the slightest unreasonable.
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Chicago Tribune (Free subscription) | 10/10/2008
Chicago Mercantile Exchange parent CME Group Inc. said Friday that it and partner Thomson Reuters plan to shutter their equally owned FXMarketSpace joint venture, which went live in early 2007.
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Mondo Visione (Free subscription) | 09/10/2008
The Commodity Futures Trading Commission (CFTC or Commission) has issued an Order to the Chicago Board of Trade (CBOT) pursuant to Section 4d of the Commodity Exchange Act that permits the Chicago Mercantile Exchange (CME) and clearing member Futures Commission Merchants (FCMs) to commingle customer funds used to margin, secure, or guarantee specified Over-the-Counter (OTC) cleared-only contracts in...
