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– Glenn Swanson
President
News, Exchange and FCM Updates
Futures Industry News
- Swiss bank enters London Bullion Market Association as market maker: [Aug 19 05:27 PM] Credit Suisse, the famous Swiss bank, has been reclassified as a spot and options market maker at the London Bullion Market Association, the gold market said today. This brings the total number of market making members at the LBMA to ten. Read more
- Barclays projects 'ripple effect' from Russian wheat woes: [Aug 13 01:52 PM] According to Barclays Capital, wheat futures still have more room to rise and will be the best-performing agricultural commodity this year, reported Bloomberg News on Friday. The drought which has devastated the wheat harvest in Russia's Black Sea region will continue to create a "ripple effect" that will disrupt grain markets worldwide. Read more
- London Metal Exchange and Singapore Exchange collaborate on metals futures: [Jul 30 04:56 PM] The Singapore Exchange (SGX) and the London Metal Exchange (LME) said Friday that they are jointly developing cash-settled mini monthly metals futures contracts. Read more
- CME Group sees solid gains from futures, options trading: [Jul 30 04:06 PM] CME Group, Inc. reported a solid second quarter, posting a 22 percent increase in adjusted earnings. The company, which owns and operates a number of important exchange properties including the Chicago Mercantile Board and the Chicago Board of Trade, benefited from increased transaction volume in many of its most popular futures products. Read more
- CFTC to begin publishing large-trader report for futures markets: [Jul 22 03:26 PM] Transparency appears to be the watchword in Washington, as regulatory agencies strive [to] implement the reforms of new financial legislation. Read more
- New Eris Exchange will trade interest rate swaps as futures: [Jul 14 01:31 PM] A group of Chicago firms are working on a new exchange that will offer interest rate swaps which trade as futures contracts rather than over-the-counter derivatives. Read more
- CBOE wins lawsuit to keep ISE out of index options: [Jul 08 07:58 PM] The Chicago Board Options Exchange claimed victory in its legal battle with the International Securities Exchange, as a court in Illinois ruled that it held exclusive trading rights for Dow Jones Industrial Average and S&P 500 options. Read more
- Financial reform bill sinks box-office futures: [Jun 29 12:30 PM] Despite the Commodity Futures Trading Commission's approval of not one but two separate box office futures proposals, it appears unlikely that traders will see such a market any time soon. The financial reform bill awaiting final approval by the House and Senate will ban any contracts based on box office receipts. Read more
- CFTC approves box office receipt futures proposal: [Jun 16 02:43 PM] After a delay last week, the Commodity Futures Trading Commision approved the proposal for "Weekend Motion Picture Revenue" futures and options contracts submitted by Media Derivatives, Inc. Read more
- New futures index tracks dollar against currency basket: [Jun 10 10:54 AM] CME Group and Dow Jones Indexes announced the launch of a new index called the Dow Jones CME FX$INDEX on Tuesday, which they say will give futures brokers and traders a more efficient way to trade global currencies against the U.S. dollar. Read more
