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CME Group

A collection of news and information related to CME Group published by this site and its partners.

Top CME Group Articles

Displaying items 12-22
  • Nostalgia, but little outcry, over CME decision to close futures pits

     Nostalgia, but little outcry, over CME decision to close futures pits
    The CME Group's announcement late Wednesday afternoon to close most of its futures trading pits in Chicago and New York evoked a wave of nostalgia. Paul R.T. Johnson Jr., a former director at the Chicago Board of Trade, spoke fondly of the days when the...
  • Pimco fires fund manager after exchange fines him for improper trades

    Pimco fires fund manager after exchange fines him for improper trades
    Pacific Investment Management Co. said it dismissed the money manager of two small funds after he was fined by a self-regulatory body for making improper trades. Rahul Seksaria, who ran two Pimco funds that offered inflation-protection strategies,...
  • Chicago futures trader accused of stealing trade secrets

    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...
  • CME Group hires three to expand international business

    CME Group hires three to expand international business
    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,...
  • Trader indicted on new anti "spoofing" law

    Trader indicted on new anti "spoofing" law
    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...
  • Chicago's China challenge: Translate goodwill into deals

    Chicago's China challenge: Translate goodwill into deals
    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...
  • CME Group to cut 150 jobs

    CME Group to cut 150 jobs
    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,...
  • CME Group sets volume record as global economic fears hit markets

    CME Group sets volume record as global economic fears hit markets
    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...
  • CME's third-quarter earnings jump 23 percent

    CME's third-quarter earnings jump 23 percent
    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,...
  • U.S. economy shows solid growth, but it's about to be tested

    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...
  • CME says no current plans to introduce VSR in corn futures

    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....