| Dec 22, 2014
| 10:13 PM
In December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won ($42 million) in a day after a stock option trading algorithm went bad. It was a fatal blow for a company that had just 15 billion won of capital —...
| Dec 19, 2014
| 3:21 PM
Beijing economic development official Cheng Yuhua has changed flights at O'Hare International Airport in the past, on her way to Washington, D.C., or New York. But her only real visit to Chicago came this week when she led a business delegation to...
| Dec 5, 2014
| 2:09 PM
A former futures trader has been indicted on charges he stole trade secrets from a local firm by copying computer files onto a personal thumb drive.
David Jacob Newman, was charged with three counts of "intent to convert a trade secret to the economic...
| Nov 25, 2014
| 1:09 PM
A mid-afternoon flurry of buying in long-dated U.S. Treasury futures and exchange-traded funds pushed prices to session highs on Tuesday.
The purchases were part of a broad U.S. bond market rally in the wake of record low 10-year yields across Europe and...
| Oct 30, 2014
| 4:56 PM
The U.S. economy is showing steady, solid growth despite the shaky global environment, but its resilience will be tested in the coming months.
The nation's economic output expanded at a healthy 3.5% annual rate in the third quarter, the government...
| Oct 30, 2014
| 1:10 PM
CME Group said Thursday its third-quarter earnings rose 23 percent, driven by higher average daily volumes and lower expenses.
The world's largest futures market reported net income of $290 million, or 86 cents per share, in the quarter ended Sept. 30,...
| Oct 16, 2014
| 8:17 AM
CME Group set a single-day volume record on Wednesday amid growing concerns about the global economy, the world's largest futures market operator said on Thursday.
Volumes across all of CME's asset classes reached 39,567,064 contracts, easily topping the...
| Oct 14, 2014
| 8:29 AM
CME Group, which owns the Chicago Board of Trade and New York Mercantile Exchange, said Tuesday it will eliminate about 150 jobs, about 5 percent of its global workforce, as weak trading volume cuts into profit.
The cuts will come from the technology,...
| Oct 2, 2014
| 2:23 PM
A high-frequency trader was indicted Thursday on charges that he manipulated commodities futures prices and illegally profited nearly $1.6 million.
Michael Coscia, 52, was charged with six counts of commodities fraud and six counts of "spoofing," in...
| Sep 30, 2014
| 6:47 AM
CME Group, parent of the Chicago Board of Trade, has appointed three people to key positions to expand its international business.
William Knottenbelt was named international senior managing director. He will focus on growing the firm's core business,...
| Sep 24, 2014
| 9:09 AM
CME Group, owner of the Chicago Board of Trade, said Wednesday that it had no immediate plans to introduce its controversial variable storage rate scheme in its CBOT corn futures, the world pricing benchmark for the biggest and most valuable feed grain....