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Exchanges & Clearing

In other news, CME said last week that foreign exchange volume in October rose 24% compared with the year-ago period, reflecting a rise in volume generally across the exchange. FX volume averaged 407,000 contracts per day with electronic volume increasing 31% from October 2005 ...
Chicago Mercantile Exchange (CME) and Singapore Exchange (SGX) haverenewed their Mutual Offset System (MOS) agreement until 2010, giving market participants the choice of clearing certain products at either exchange.  The products include three-month eurodollar futures, three-month euroyen futures and yen-denominated Nikkei 225 ...
The Chicago Mercantile Exchange and derivatives exchange Taiwan Futures Exchange (Taifex) signed a memorandum of understanding (MOU) last week to establish a forum for information sharing between the two organisations. The relationship will help CME further expand its presence in ...

10:00 October 23rd 2006 in News, Exchanges & Clearing

CME Moves on CBOT

Chicago Mercantile Exchange (CME) is to acquire rival Chicago Board of Trade (CBOT) for $8 billion in stock and cash in a move to create the world's most diverse derivatives exchange.  With global derivatives trading in all major asset classes, the ...
Market sources say Reny Morsch-Zlatkovic is joining FXMarketSpace, the Reuters and CME joint venture, to work in sales based in London. A spokesperson for FXMarketSpace says the company has no announcements to make regarding new hires.   Morsch-Zlatkovic was previously at ...

10:00 October 9th 2006 in News, Exchanges & Clearing

CME FX Volumes Rise

The Chicago Mercantile Exchange's (CME) FX volume averaged a record 520,000 contracts per day in September, up 26% from the year-ago period, the exchange said last week. Electronic foreign exchange volume increased 40%, to a record 446,000 contracts per day compared with September 2005. The ...
Calyon Financial says it will offer trading access to futures on seven key Asian exchanges via the Trading Technologies X_Trader platform from Chicago-headquartered Trading Technologies International (TT). . The brokerage firm has connected TT's full suite of X_Trader tools ...
FXMarketSpace, the forthcoming centrally-cleared, global foreign exchange trading platform, has secured a second group of financial institutions to participate in its Early Adopter Program (EAP). The EAP now numbers more than 40 participants, demonstrating a widespread acceptance of the platform - ...
The Chicago Board of Trade plans to offer contracts based on credit derivatives next year, officials say. The exchange will launch a dollar-denominated, index-linked futures contract and is negotiating with banks and brokerages on using established indexes while also exploring ...

18:00 September 25th 2006 in News, Exchanges & Clearing

CME Adds Won

Chicago Mercantile Exchange (CME) has secured five banks as market makers for its CME Korean won currency futures contract, which was launched on September 18. The banks are Development Bank of Singapore, Korea Development Bank, Korea Exchange Bank, Standard Chartered Bank ...