| 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....
| Sep 5, 2014
| 5:28 PM
Terry Duffy came of age as a futures trader in the deafening roar of the trading pits where people in brightly colored jackets jostled and sometimes fought for prime spaces.
Brawn has since been replaced by those with the fastest Internet connections,...
| Sep 19, 2014
| 2:14 PM
The chief executive of the clearinghouse for all U.S. stock options will retire from the company at the end of the year after one year in the role, the company said on Friday.
Chicago-based OCC, formerly known as the Options Clearing Corp., did not...
| Sep 16, 2014
| 12:31 PM
A group of Chicago traders have agreed to drop a lawsuit against CME Group Inc. that sought to reverse a decision to include electronic transactions to determine end-of-day grain prices, the company said on Tuesday.
The traders, who work on the Chicago...
| Sep 11, 2014
| 3:50 AM
CME Group Inc., the world's largest futures market operator, said on Thursday it had appointed Cees Vermaas as managing director and CEO of its London-based derivatives exchange, effective Jan. 1, 2015.
Vermaas' appointment to CME Europe Limited is...
| May 7, 2014
| 11:29 AM
Chicago Teachers Union President Karen Lewis said today that the union would be “very active” in next year’s mayoral election, but offered little insight into efforts to recruit a challenger to Mayor Rahm Emanuel.
Underscoring her long...
| Jul 31, 2014
| 5:23 AM
CME Group Inc., the world's largest futures market operator, on Thursday reported lower-than-expected second-quarter earnings due to weak trading volumes. CME Group Inc., the world's largest futures market operator, reported lower-than-expected second-...
| Aug 1, 2014
| 7:47 AM
CBOE Holdings Inc on Friday became the second exchange operator this week to say it will cut expenses in the face of declining trading volumes that are eating into profits.
Shares slid 1.2 percent after the owner of the Chicago Board Options Exchange...