According to this leading derivatives marketplace, the Purdue University/CME Group Ag Economy Barometer Index increased by eight points, the Index of Current Conditions by 10 points, and the Index of Future Expectations by seven points. Although the Eastern Corn Belt soybean and corn prices fell by 11% and 5% respectively, farmer sentiment is positive. High…
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CME Group CEO Terry Duffy hailed the "long-time" expertise and skills of Dennis, who will leave his role as Chief Commercial Officer at ABN AMRO Clearing USA LLC to join CME Group. The new arrival, who is set to start working on August 5, will report directly to Duffy. Don’t miss out the latest news,…
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The CME panel's investigation uncovered that on 8th June and 9th June 2022, DBAG London was utilising an automated trading system (ATS). This system executed numerous conflicting buy and sell orders on behalf of a single account across three distinct futures markets: June 2022 New Zealand Dollars Futures (Non-inverted CME FX Link Spreads), Swiss Franc…
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CME Group has cemented its position as a leading global financial derivatives marketplace in recent years. It operates a range of trading markets, including mercantile exchanges in Chicago and New York. The new all-to-all spot FX marketplace will build on its existing infrastructure and expertise to deliver a feature-rich experience for customers. They will, for…
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He added: With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view. This new contract will help create opportunities for a broad array of clients looking to hedge positions or execute other trading strategies, all in an…
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March Performance During last month, Interest Rate ADV increased 40% on yearly basis The Group saw record numbers of contracts traded in March with Secured Overnight Financing Rate (SOFR) futures reached a record ADV of 5,158,969 contracts on 9 March. The marketplace’s SOFR options ADV hit at a record 2,943,422 contracts on the same day.…
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CME Group Chairman and Chief Executive Officer Terry Duffy said: We appreciate the leadership Sean provided over the past decade for our financial products businesses, which included the successful migration to SOFR derivatives that now serve as the leading tool for hedging short-term interest rates. We are fortunate to have Tim McCourt, who has extensive…
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Furthermore, blocks and exchange for related positions (EFRP) transactions traded a record 274,000 contracts on 8 March, 23% above than the previous record set in December 2022. Paul Houston, Global Head of FX Products, CME Group, said: We are pleased to see strong momentum in our FX futures and options products as our clients turn…
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Additionally, the derivatives marketplace operator also reported that average daily volume (ADV) of SOFR futures and options traded reached 4.7 million contracts in the first two weeks of January. CME Group stated in the official press release: Month-to-date January 2023 SOFR futures ADV is equivalent to 572% of Eurodollar futures ADV and SOFR options ADV…
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The Group stated: ADV outside the United States increased 15% to 6.3 million contracts, including 30% growth in Latin America, 27% in Asia, and 10% in EMEA. Q4 and December 2022 During the fourth quarter of 2022, CME Group recorded Equity Index ADV increase of 26% and a forex ADV jump of 25%. Additionally, SOFR…
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