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News

ICE completes technology overhaul

US market operator IntercontinentalExchange (ICE) says it has completed a two year upgrade of its technology infrastructure which included the transition of its futures markets to a state-of-the-art trading platform.

23 January 2008

News

Financial firms to launch futures trading venture

News that a consortium of banks and trading firms are teaming up to establish an all-electronic futures trading exchange sent shares in CME Group tumbling over the holiday season.

02 January 2008

News

Bursa Malaysia talks stake sale with Chicago Mercantile Exchange

Bursa Malaysia is in talks with the Chicago Mercantile Exchange over potential collaboration, including an equity holding, the Kuala Lumpur-based bourse has confirmed.

10 December 2007

News

Cbot e-trading halted by glitch

Chicago Board of Trade (Cbot) was forced to halt electronic trading in agricultural and financial markets on Thursday morning because of a technical glitch, according to reports.

23 August 2007

News

CME to axe 340 jobs; speed up integration

CME Group has disclosed plans to axe 380 jobs and accelerate integration of its operations with Cbot Holdings which it acquired last month.

14 August 2007

News

ICE to establish London clearing house

US market operator IntercontinentalExchange (ICE) has disclosed plans to terminate its existing clearing agreements with LCH.Clearnet and establish its own clearing operation in London.

25 July 2007

News

Nymex bids against ICE for Winnipeg exchange - report

The New York Mercantile Exchange (Nymex) is reported to be muscling in on Intercontinental Exchange's (ICE) planned purchase of Canada's Winnipeg Commodity Exchange (WCE).

19 July 2007

News

Combined CME Group to get cash assistance; axe 400 jobs

The newly-combined CME Group is set to receive millions of dollars in government assistance even though it is gearing up to axe around 400 jobs, according to press reports.

17 July 2007

News

CME seals Cbot merger deal

The Chicago Mercantile Exchange (CME) has beaten off competition from electronic commodities mart IntercontinentalExchange (ICE) and won shareholder approval for an $11.9 billion merger with the Chicago Board of Trade (Cbot).

10 July 2007

News

ICE agrees deal for Winnipeg; CME urges CBOT members to vote in favour of merger

IntercontinentalExchange is to take over Canada's Winnipeg Commodity Exchange in a deal worth C$62.08 per share or C$40 million.

22 June 2007

News

DoJ greenlights CME/Cbot merger

US federal antitrust regulators have approved the proposed merger between the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (Cbot).

12 June 2007

News

Reuters and CME's FXMarketSpace venture goes live

FXMarketSpace, the centrally-cleared foreign exchange marketplace established by Reuters and the Chicago Mercantile Exchange (CME), is now live and fully operational, with customer numbers "significantly ahead of expectations".

26 March 2007

News

ICE makes surprise $10 billion bid for Cbot

IntercontinentalExchange has made an unsolicited $9.9 billion all-stock bid for the Chicago Board of Trade in a late attempt to scupper a proposed merger between Cbot and neighbouring Chicago Mercantile Exchange.

15 March 2007

News

CME and Cbot to speed up post-merger integration

In the face of widespread opposition to their proposed merger, the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (Cbot) have published a revised blueprint outlining a faster integration timeline for their respective businesses, including electronic migration to the Globex platform and consolidation of trading floors.

14 March 2007

News

CME/Cbot merger will stifle competition, says FIA

The US Futures Industry Association (FIA) has warned that the proposed merger between the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade could substantially harm competition among US futures exchanges.

19 February 2007

News

FXMarketSpace clears regulatory hurdle; finishes first phase customer tests

FXMarketSpace, a 50/50 currency dealing joint venture by Reuters and the Chicago Mercantile Exchange (CME), is gearing up for a spring launch after winning regulatory approval and completing the first phase of customer testing.

13 February 2007

News

Ffastfill adds RBC Capital Markets to CME FX on Reuters application service

UK derivatives trading software vendor Ffastfill has signed RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, to the CME FX on Reuters Application Service, which allows banks to trade CME foreign exchange spot and futures products through the Reuters Dealing 3000 system.

02 February 2007

News

Durkin to take top tech spot in merged CME Group

Chicago Board of Trade (CBOT) executive Bryan Durkin has been given overarching responsibility for managing the technology and operations of the new super exchange formed from CBOT's merger with neighbouring Chicago Mercantile Exchange.

25 January 2007

News

Morgan Stanley increases Clearing Corp stake

US investment bank Morgan Stanley has increased its stake in the Chicago-based Clearing Corporation from one to seven per cent after it paid $4.4 million for shares in the clearing unit that were formerly held by Refco.

12 January 2007

News

CME to buy Cbot for $8bn

The Chicago Mercantile Exchange (CME) has signed a definitive agreement to acquire rival market operator Chicago Board of Trade (Cbot) for about $8 billion in cash and stock.

17 October 2006