Futures contract

Joseph Hickey Joins BlockFi as Global Head of Trading

Friday, April 9, 2021 - 6:41pm

JERSEY CITY, N.J., April 9, 2021 /PRNewswire/ -- BlockFi , a financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products, today announced that Joseph Hickey has been named Global Head of Trading.

Key Points: 
  • JERSEY CITY, N.J., April 9, 2021 /PRNewswire/ -- BlockFi , a financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products, today announced that Joseph Hickey has been named Global Head of Trading.
  • In this role, Mr. Hickey will be responsible for expanding BlockFi's institutional trading relationships and risk management processes to meet growing crypto liquidity and funding needs.
  • Mr. Hickey has extensive expertise in funding markets, trading macro products, ETFs, options, and OTC derivatives.
  • Mr. Hickey joins BlockFi from CME Group, where he managed an institutional distribution team responsible for building relationships with senior decision makers to influence trading behavior across buy-side, sell-side, and intermediaries.

Barclays Bank PLC Announces Reverse Split of the iPath ® Series B S&P 500 ® VIX Short-Term Futures™ ETNs

Friday, April 9, 2021 - 1:45pm

Barclays Bank PLC (Barclays) announced today that it will implement a 1 for 4 reverse split of its iPath Series B S&P 500 VIX Short-Term Futures ETNs (CUSIP: 06746P621) (the ETNs) which it intends to be effective at the open of trading on Friday, April 23, 2021.

Key Points: 
  • Barclays Bank PLC (Barclays) announced today that it will implement a 1 for 4 reverse split of its iPath Series B S&P 500 VIX Short-Term Futures ETNs (CUSIP: 06746P621) (the ETNs) which it intends to be effective at the open of trading on Friday, April 23, 2021.
  • Barclays is the issuer of iPath ETNs and Barclays Capital Inc. is the Issuers agent in the distribution.
  • S&P, S&P 500, and "S&P 500 VIX Short-Term Futures", and "S&P 500 Dynamic VIX Futures" are trademarks of Standard & Poors Financial Services LLC ("SPFS").
  • iPath, iPath ETNs and the iPath logo are registered trademarks of Barclays Bank PLC.

Forward Air Corporation Announces Timing of First Quarter 2021 Earnings Release and Conference Call

Thursday, April 8, 2021 - 8:12pm

Forward Air Corporation (NASDAQ:FWRD) will release its first quarter 2021 earnings after the market closes on Thursday, April 29, 2021 and hold a conference call to discuss those results on the following day, Friday, April 30, 2021 at 9:00 a.m. EDT.

Key Points: 
  • Forward Air Corporation (NASDAQ:FWRD) will release its first quarter 2021 earnings after the market closes on Thursday, April 29, 2021 and hold a conference call to discuss those results on the following day, Friday, April 30, 2021 at 9:00 a.m. EDT.
  • The Companys conference call will be available online on the Investor Relations portion of the Companys website at www.forwardaircorp.com , or by dialing (844) 867-6169, Access Code: 6464581.
  • Forward Air is a leading asset-light freight and logistics company that provides services across the United States and Canada.
  • This press release may contain statements that might be considered as forward-looking statements or predictions of future operations.

Cboe Options Exchange to Extend Global Trading Hours for VIX and SPX Options to Nearly 24 Hours-a-Day

Thursday, April 8, 2021 - 3:00pm

That risk of loss can be substantial and can exceed the amount of money deposited for a futures position.

Key Points: 
  • That risk of loss can be substantial and can exceed the amount of money deposited for a futures position.
  • You should, therefore, carefully consider whether futures trading is suitable for you in light of your circumstances and financial resources.
  • For additional information regarding futures trading risks, see the Risk Disclosure Statement in Appendix A to CFTC Regulation 1.55(c).
  • Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

ICE Announces That a Record 14,419 Murban Crude Oil Futures Contracts Traded on April 7

Thursday, April 8, 2021 - 1:30pm

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record 14,419 ICE Murban Crude Oil Futures contracts traded on ICE Futures Abu Dhabi (IFAD) on April 7, marking its highest volume day since the contracts launched on March 29.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record 14,419 ICE Murban Crude Oil Futures contracts traded on ICE Futures Abu Dhabi (IFAD) on April 7, marking its highest volume day since the contracts launched on March 29.
  • Alongside ICE Murban Crude Oil Futures, IFAD launched trading in 18 Murban-related cash settled derivatives and inter-commodity spreads, offering the market the broadest range of ways to trade and hedge Murban crude oil.
  • This includes 34,202 ICE Murban Crude Oil futures contracts and 4,510 Murban-related cash settled derivatives, with 38 firms having traded on IFAD since the launch.
  • The scale of the response from the market to the launch of Murban futures is both encouraging and validating, said Jamal Oulhadj, President of ICE Futures Abu Dhabi.

CME Group to Launch Lithium (Fastmarkets) Futures on May 3

Thursday, April 8, 2021 - 1:00pm

CHICAGO, April 8, 2021 /PRNewswire/ --CME Group, the world's leading and most diverse derivatives marketplace, today announced that it will launch Lithium Hydroxide CIF CJK (Fastmarkets) futures on May 3, pending all relevant regulatory reviews.

Key Points: 
  • CHICAGO, April 8, 2021 /PRNewswire/ --CME Group, the world's leading and most diverse derivatives marketplace, today announced that it will launch Lithium Hydroxide CIF CJK (Fastmarkets) futures on May 3, pending all relevant regulatory reviews.
  • "CME Group is the destination for managing global metals risk, and the new Lithium futures will provide our customers with another tool for managing the price risks associated with the manufacturing of electric vehicles."
  • "We are pleased that CME Group plans to expand their battery metals product offerings with the introduction of Lithium futures," said Kevin Smith, Managing Director of Energy Metals at Traxys.
  • We are excited to work with CME Group to build upon the successful launch of Cobalt futures and help create comprehensive risk management solutions that support the entire battery metals supply chain."

Strong commodity prices and improved financial conditions boost Ag Economy Barometer

Tuesday, April 6, 2021 - 2:30pm

and CHICAGO, April 6, 2021 /PRNewswire/ --The Purdue University/CME Group Ag Economy Barometer rose 12 points in March to a reading of 177, marking the highest reading for the barometer since October 2020.

Key Points: 
  • and CHICAGO, April 6, 2021 /PRNewswire/ --The Purdue University/CME Group Ag Economy Barometer rose 12 points in March to a reading of 177, marking the highest reading for the barometer since October 2020.
  • The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey.
  • The Ag Economy Barometer, Index of Current Conditions and Index of Future Expectations are available on the Bloomberg Terminal under the following ticker symbols: AGECBARO, AGECCURC and AGECFTEX.
  • Photo Caption:Strong commodity prices and improved financial conditions boost Ag Economy Barometer.

Nodal Exchange Achieves Multiple Quarterly Records in Power and Environmental Trading

Tuesday, April 6, 2021 - 2:00pm

Nodal Exchange announced today that it set new quarterly trading records in both power and environmental futures.

Key Points: 
  • Nodal Exchange announced today that it set new quarterly trading records in both power and environmental futures.
  • Nodal achieved a quarterly trading record in power futures with volume of 559 million MWh in Q1 2021 (notional value of $15.5 billion per side).
  • Nodal Exchange also achieved record power futures trading for March with 200 million MWh, representing 43% growth in March 2021 over March 2020.
  • Nodal Exchange is a leader in innovation, having introduced the worlds largest set of electric power locational (nodal) futures contracts.

Intercontinental Exchange Reports March and First Quarter 2021 Statistics

Tuesday, April 6, 2021 - 1:30pm

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today reported March and first quarter 2021 trading volume and related revenue statistics, which can be viewed on the companys investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today reported March and first quarter 2021 trading volume and related revenue statistics, which can be viewed on the companys investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.
  • During the first quarter, our customers continued to rely on our liquid and growing futures and options markets to manage risk across asset classes, said Ben Jackson, President of Intercontinental Exchange.
  • Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

OCC March 2021 Total Volume Up 34.8 Percent from a Year Ago

Monday, April 5, 2021 - 2:00pm

OCC, the world's largest equity derivatives clearing organization, announced today that March 2021 total cleared contract volume was 904,039,629 contracts, the highest volume month on record and up 34.8 percent compared to March 2020.

Key Points: 
  • OCC, the world's largest equity derivatives clearing organization, announced today that March 2021 total cleared contract volume was 904,039,629 contracts, the highest volume month on record and up 34.8 percent compared to March 2020.
  • Year-to-date average daily cleared contract volume through March was 42,231,809 contracts, up 48.7 percent compared to March 2020.
  • View the full release here: https://www.businesswire.com/news/home/20210405005272/en/
    OCC Cleared Contract Volume Records by Quarter (Graphic: Business Wire)
    Options: Total exchange-listed options cleared contract volume was 898,653,388, up 35.6 percent compared to March 2020.
  • Futures: Total futures cleared contract volume was 5,386,241, a 31.2 percent decrease compared to March 2020.