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CME Group
Latest Headlines
Latest Headlines
CME Group tarnished by MF Global scandal
One of the ancillary victims in the MF Global scandal has been the CME Group, the premier domestic operator of derivatives exchanges.
It was not surprising when the CME Group took a very harsh tone toward MF Global and ex-MF Global CEO Jon Corzine, who was accused in straightforward fashion of
CME still on hot seat
Speaking about the MF Global scandal, an executive of the CME Group recently told a group of hedgers that "this was the failure of a firm, a firm that broke the rules, not the failure of any clearing house. At CME, we met our obligations. We believe all customers affected should have their full ba
Jon Corzine's testimony contradicted
One of the problems about testifying before Congress is that what you say can be used against you later.
Goldman Sachs CEO Lloyd Blankfein found this out the hard way. Months after he had testified before Congress, his words came back to haunt him in the form of fairly direct accusations by se
MF Global fallout hits CME Group
The implosion of MF Global was a seismic event for the entire futures markets, including the top SROs.
The fact that a broker-dealer could simply lose $1 to $1.2 billion in customer money without a clue as to how it happened continues to boggle the mind. As does the fact that a CEO could run s
CME Group fines high-frequency traders
The SROs these days are under a bit more pressure to make sure high-frequency trading doesn't get out of control via erroneous orders. We've seen the SEC act to ensure that high-frequency broker
CME raises collateral requirements, market tanks
Did the CME deliberately let the air out of the stupefying silver bubble? Officials from the exchange company met in late April and agreed to hike margin requirements for trading firms, the New York Times reports.. But the increase, which took effect the next day, had no effect; in fact, the p
NYSE aims to be a futures clearing powerhouse
The NYSE Euronext ( NYSE news) is aiming to beef up its clearing services at a time when new financial rules are promoting such services as a way to impose order on various derivatives markets. Recall
More winners in the financial regulations sweepstakes?
We recently discussed the broad winners and losers in the financial reform sweepstakes . The top Wall Street banks as a group stand to be the biggest losers, while the hedge fund industry ( hedge fund news) appears to be the least harmed. Fortune goes a step further and notes some specif
CDS clearing mandate good for exchange companies?
Just a year ago, there was a furious race by exchange companies to set up clearinghouses for OTC derivatives, specifically credit defaults swaps. At one point, there were probably five or six
Market data indicator on the way
Does the sheer volume of information exchange really mean anything? You bet it does. Market data appliance company Exegy is working with Essex Radez, a direct exchange and co-location services firm,
