CME Group
Ice clears $71 billion of CDSs
Atlanta-based derivatives exchange IntercontinentalExchange (Ice) has cleared $71 billion notional in credit default swaps (CDS) in the four weeks since the launch of its central clearing platform. The exchange cleared 613 transactions and reported open…
CME’s CDS platform approved
The Chicago Mercantile Exchange Group (CME) received the green light from the Securities and Exchange Commission (SEC) on March 13 to clear credit default swaps (CDSs), but now faces the hard task of getting customers to sign up to its platform.
CME Group one step closer to CDS clearing
US exchange operator Chicago Mercantile Exchange (CME) Group has come one step closer to entering the credit derivatives market by signing a deal to clear credit default swaps (CDSs) on financial information services company Markit's CDX and iTraxx…
All Clear?
Despite a recent large increase in volumes, clearing for commodities remains a contentious issue, with little agreement on what the best business model should be, and insufficient standardisation, say market participants. Rachel Morison investigates
Eurex postpones CDS clearing
Frankfurt-based derivatives exchange Eurex will "wait until the market is ready" before it launches its central clearing platform for credit default swaps (CDSs).
CME appoints Boberski to develop OTC offering
David Boberski was today named managing director of over-the-counter research and new product development at the Chicago Mercantile Exchange (CME) Group.
One stop shop
The world’s biggest commodity exchanges continue to expand the range of products they offer, often into diverse commodity classes. Rachel Morison looks at the benefits and drawbacks for traders as commodity exchanges branch out beyond their traditional…
Clearing single-name CDSs may prove uneconomical
High margin requirements may make central clearing of single-name credit default swaps (CDS) impossibly expensive, according to one clearing specialist.
CME awaits SEC approval for CDS clearing
The launch date for the Chicago Mercantile Exchange (CME) Group's credit default swap (CDS) clearing platform remains unclear, almost two weeks after it received the green light from two US financial regulators.
CME Group hires Katz as interest rate products head
CME Group has appointed Marcus Katz as director of interest rate products.
CME hires O'Connell as clearing head
CME Group has appointed Michael O'Connell as managing director of its clearing business development, a newly-created role, to help develop the exchange's clearing activities.
Brazil faulty
Profile
Fed discusses CDS clearing house options
The Federal Reserve Bank of New York is today in discussions with interested parties over the establishment of a central clearing house for credit default swaps (CDSs).
CME and Citadel plan CDS exchange
Chicago-based exchange operator CME Group and hedge fund management firm Citadel Investment Group are set to launch a fully integrated trading and clearing platform for credit default swaps (CDSs).
Shareholders approve CME's Nymex takeover
Shareholders on both sides have approved CME Group's takeover of the New York-based exchange Nymex, which, combined with the Chicago Mercantile Exchange, would create a single market dominating the US futures industry.
Liffe to clear credit derivatives in Q4
London-based derivatives exchange Liffe will begin clearing contracts linked to the Markit iTraxx indexes of European credit default swaps (CDSs) during the fourth quarter of 2008.
CBOE rights debate could be overcome
A major impediment to the Chicago Board Options Exchange’s (CBOE) planned demutualisation could be overcome by a settlement it presented to its members on June 2.
CME information head retires
James Krause, chief information officer at the Chicago Mercantile Exchange, is to retire at the end of June. He will be replaced by his deputy, Kevin Kometer.
CME faces competition questions from DOJ
The US Department of Justice (DOJ) has questioned the Chicago Mercantile Exchange's vertical structure, and whether it creates an anti-competitive marketplace. A DOJ letter, dated January 31 and addressed to the US Department of Treasury, argued that the…
CME Group in talks to buy Nymex
Chicago-based CME Group is in preliminary discussions aimed at acquiring the New York Mercantile Exchange (Nymex), the two firms announced on January 28.
Windy City power
CME Group's Chicago-based chief executive, Craig Donohue, talks to Mark Pengelly
CME Group Europe boosts sales and marketing
Jeffry Kuijpers has joined CME Group Europe as associate director of sales and marketing for Europe, Middle East and Africa (EMEA).