Chicago Mercantile Exchange Holdings News
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Wheat prices closed below the $6 mark twice last week and is flirting with four-year lows due to record-setting harvests . Gas prices also fell as the country prepares to switch to the winter-blend fuel, which is cheaper than the summer blends, according to AAA .
U.S. cattle futures are falling early in the session Friday, pressured by concerns that lukewarm demand for wholesale beef from grocery stores and restaurants could weigh on prices owners get in the cash markets this week. October live cattle are down 0.725 cent at $1.5665 a pound at the Chicago Mercantile Exchange.
Traders piled into U.S. short-term interest rates options on Friday, adopting a bearish posture on the view the Federal Reserve will signal next week that interest rates will be notably higher by the end of next year. Block trades in put options on Eurodollar futures on the Chicago Mercantile Exchange suggested some traders believe the Fed is ready to send its strongest signal yet the near-zero interest rate era is ending, perhaps faster than anticipated.
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. The company said Vermaas will be responsible for the growth of CME Europe to meet the needs of customers in the European marketplace, following the exchange's launch in April 2014.
On August 28, 2014, the Chicago Mercantile Exchange Inc., the Board of Trade of the City of Chicago, the New York Mercantile Exchange, Inc., and the Commodity Exchange, Inc. submitted a notice of a rule adoption to the Commodity Futures Trading Commission regarding new Rule 575, titled "Disruptive Practices Prohibited," that will become effective September 15, 2014. The CME also issued Market Regulation Advisory Notice RA1405-5 which, with new Rule 575, provides regulatory guidance on various types of prohibited disruptive order entry and trading practices.
The firm said it initiated coverage on the company, which offers a variety of global products across all asset classes, as it believes CME Group is leveraged to higher trading volume, especially in futures. Separately, TheStreet Ratings team rates CME GROUP INC as a Buy with a ratings score of B+.
When CME Group Inc worked out a takeover bid worth $4.45 a share for GFI Group Inc. back in late July, which represented a 46% premium on their stock price at the time, it was expected the deal would go through with little resistance. As The Deal's Senior Writer Bob O'Brien reported on The Street today however, BGC Partners, Inc. has thrown a wrench in those plans with a seemingly superior bid.
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BGC Partners Inc is likely to make a $675 million all-cash unsolicited offer for derivatives broker and rival GFI Group Inc in a bid to bolster its business, the Wall Street Journal reported on Monday citing people familiar with the matter. BGC's offer of $5.25 a share could throw into doubt GFI's recent agreement to sell itself to Chicago exchange operator CME Group Inc, the WSJ said.
Traders react in the Euro Dollar pit at the Chicago Mercantile Exchange to an announcement by the United States Federal Reserve on interest rates January 28, 2004. We evaluated the states' economies on the most recently available data for seven measures of economic strength.
Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 2 Thereto,... ; Notice of Filing of Proposed Rule Change, as Modified by Amendment No.
CME Group COO Bryan T. Durkin unloaded 25,625 shares of the company's stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $76.75, for a total value of $1,966,718.75.
Updated: Mon Sep 15, 2014 04:37 pm
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