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SeekingAlpha.com (Free subscription) | 07/28/2009
Zachary Scheidt submits: It’s a busy day for the Commodity Futures Trading Commission (CFTC) as testimony is heard regarding the controversial proposal to limit position sizes on all finite commodities. The two primary investments affected by this discussion are IntercontinentalExchange ( ICE ), CME Group Inc. ( CME ). Earlier this month, ZachStocks discussed how further limits to position sizes...
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Financial24 (Free subscription) | 07/23/2009
Futures exchange operator CME Group Inc. (CME) on Thursday reported a 10% increase in profit for the second quarter from the year-ago period, aided by higher revenues and cost-cutting measures.Adjusted earnings per share for the quarter declined fro ...
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Market Watch (Free subscription) | 07/23/2009
BOSTON (MarketWatch) -- CME Group Inc. on Thursday reported second-quarter net income of $222 million, or $3.33 a share, compared with profit of $201 million, or $3.67 a share, in the same quarter the previous year. The operator of the Chicago Mercantile Exchange, Chicago Board of Trade and New York Mercantile Exchange said quarterly revenue rose 15% to $648 million. The company said average daily...
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PR News Wire (Free subscription) | 07/23/2009
CHICAGO, July 23 /PRNewswire-FirstCall/ -- CME Group Inc. (Nasdaq: ) today reported that second-quarter GAAP total revenues increased 15 percent to $648 million, and GAAP operating income increased 16 percent to $399 million. For the second quarter, net income on a GAAP basis was $222 million and diluted earnings per share on a GAAP basis were $3.33. The 2009 GAAP results reflect the operations of...
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SeekingAlpha.com (Free subscription) | 07/10/2009
Zachary Scheidt submits: IntercontinentalExchange Inc. ( ICE ) and CME Group Inc. ( CME ) have seen severe declines this week after new proposals for energy regulation were released. The restrictions are aimed at reducing volatility in energy prices which threaten to choke off economic growth in the global economy. Statements from the US commodities futures regulator (the CFTC) as well as from UK...
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Market Watch (Free subscription) | 07/01/2009
NEW YORK (MarketWatch) -- CME Group Inc. said Wednesday it will increase the minimum trading increment for U.S. Treasury bond futures to 1/32nd from the current setting of 1/2 of 1/32nd, effective Aug. 30. The change will be applied to all expiration months. The minimum trading increments for futures intermonth and intercommodity spreads as well as options will be unchanged. "There is a renewed...
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Financial24 (Free subscription) | 06/22/2009
June 22 - CME Group Inc CEO Craig Donohue, in interview: 'A lot' yet to be determined in Obama's financial regulation plan Wants freedom to determine what OTC derivatives it will clear There are a range of otc derivatives it would not be c ...
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Financial24 (Free subscription) | 06/05/2009
June 5 - CME Group Inc: Announces the launch of six new petroleum swap futures contracts Says new petroleum swap futures contract will be available during normal CME clearport operating hours 2 Vote(s)
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Financial24 (Free subscription) | 06/01/2009
CME Group Inc.'s plan to guarantee trades in the $29 trillion credit-default swap market is being hampered by some of the world's largest banks, according to a letter from BlueMountain Capital Management LLC. The dealers suggested more than once tha 2 Vote(s)
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PR News Wire (Free subscription) | 05/28/2009
CME Group () is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. By acting as the buyer to every...
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PR News Wire (Free subscription) | 05/21/2009
Serving a rapidly growing segment of the investment community, The Options News Network is the first media outlet focused exclusively on providing top quality daily options news and entertainment, options education, options trading ideas, options strategies, and expert commentary on the options market, targeting options traders of all skill and experience levels as well as stock investors thinking...
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Market Watch (Free subscription) | 05/21/2009
LONDON (MarketWatch) -- Goldman Sachs raised its view on the market structure sector, which includes exchanges and other trading venues, to neutral from cautious Thursday as it upgraded CME Group Inc. and Knight Capital Group Inc. to buy from neutral. "We do not see the same pressure on near-term earnings as we did last July when we downgraded the sector. Trends in equities/options are better...
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Market Watch (Free subscription) | 05/15/2009
NEW YORK (MarketWatch) -- CME Group Inc. announced Friday that Executive Chairman Terrence Duffy's term has been extended until the annual meeting in 2013. The company's bylaws have been amended to reflect this change. Duffy, 50, has served as executive chairman of CME Group since July 2007. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com...
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SeekingAlpha.com (Free subscription) | 05/15/2009
Zachary Scheidt submits: CME Group Inc. (CME) added to this year’s gains on Wednesday despite a 2.7% decline in the S&P. The strength was largely a reaction to news from the Treasury as Geithner proposed stronger regulation of Over The Counter ((OTC)) derivative contracts. CME Group and IntercontinentalExchange, Inc. (ICE) are the established leaders in clearing OTC contracts and the market...
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Market Watch (Free subscription) | 05/14/2009
NEW YORK (MarketWatch) -- Analysts at J.P. Morgan lifted their rating Thursday on futures-exchange operator CME Group Inc. to neutral from underweight, citing possible benefits from the Treasury Department's plan to regulate over-the-counter markets. "We view CME -- as the dominant clearing house in the U.S. with expertise in FX, interest rate, and equity futures products -- as a likely beneficiary,"...