CME Group

Amber Group Appoints Angie Beehler, Ex-Citadel SVP, as North American Head of Business Development

Wednesday, October 20, 2021 - 1:00pm

HONG KONG, Oct. 20, 2021 /PRNewswire/ --Amber Group, a global leader in cryptocurrency trading and technology, recently announced the appointment of Angie (DiCarlo) Beehler as North American Head of Business Development.

Key Points: 
  • HONG KONG, Oct. 20, 2021 /PRNewswire/ --Amber Group, a global leader in cryptocurrency trading and technology, recently announced the appointment of Angie (DiCarlo) Beehler as North American Head of Business Development.
  • Amber Group Appoints Angie Beehler, Ex-Citadel SVP, as North American Head of Business Development
    Prior to joining Amber Group, Angie was SVP of FICC Sales and Relationship Management at Citadel Securities, where she successfully designed and executed complex business development plans for Citadel's largest buy-side clients.
  • Previously, Angie spent nearly a decade at CME Group, most recently as Head of North American Hedge Fund Sales.
  • Amber Group is one of the world's leading crypto finance service providers, operating globally with twelve offices on three continents.

Plains’ Cushing Terminal to Become Delivery Point for the Benchmark WTI Crude Oil Futures Contract

Monday, October 18, 2021 - 9:16pm

HOUSTON, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Plains All American (Nasdaq: PAA & PAGP ) (Plains) today announced that CME Group (Nasdaq: CME ) (CME) will add Plains Cushing Terminal as a delivery point to the NYMEX WTI Crude Oil Futures contract, offering market participants an additional outlet to utilize the delivery mechanism of the worlds most liquid crude oil futures benchmark.

Key Points: 
  • HOUSTON, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Plains All American (Nasdaq: PAA & PAGP ) (Plains) today announced that CME Group (Nasdaq: CME ) (CME) will add Plains Cushing Terminal as a delivery point to the NYMEX WTI Crude Oil Futures contract, offering market participants an additional outlet to utilize the delivery mechanism of the worlds most liquid crude oil futures benchmark.
  • Plains made its initial investment at Cushing, Oklahoma in the early 1990s and today is one of the largest operators at the Cushing hub.
  • Cushing, Oklahoma is one of the leading crude oil market hubs in North America, and Plains appreciates CMEs recognition of Plains as one of the key liquidity points at the Cushing hub.
  • On average, PAA handles more than 5 million barrels per day of crude oil and NGL in its Transportation segment.

Institutions Gather At Blockworks' Digital Asset Summit In London

Thursday, October 14, 2021 - 1:26pm

With unparalleled access to both crypto founders and leaders from financial institutions, DAS has become the go-to digital asset conference conference for investors.

Key Points: 
  • With unparalleled access to both crypto founders and leaders from financial institutions, DAS has become the go-to digital asset conference conference for investors.
  • Join leaders from the buy-side, sell-side, regulation and crypto companies to discuss how digital assets will create investment opportunities and impact the future.
  • Thanks to the Diamond Sponsors for making this event possible: Aave, BCB Group, Copper, Crypto.com, Fidelity Digital Assets, LMAX Digital.
  • Blockworks is the founder of the Digital Asset Summits (DAS), the leading conferences for institutional investors looking at digital assets.

CME Group International Average Daily Volume Reached 5 Million Contracts in Q3 2021, Up 13% from Q3 2020

Wednesday, October 13, 2021 - 7:00am

LONDON and SINGAPORE, Oct. 13, 2021 /PRNewswire/ -- CME Group , the world's leading and most diverse derivatives marketplace, today announced that its international average daily volume (ADV) reached 5 million contracts in Q3 2021, up 13% year on year.

Key Points: 
  • LONDON and SINGAPORE, Oct. 13, 2021 /PRNewswire/ -- CME Group , the world's leading and most diverse derivatives marketplace, today announced that its international average daily volume (ADV) reached 5 million contracts in Q3 2021, up 13% year on year.
  • In Q3 2021, ADV for Europe, the Middle East and Africa (EMEA) hit 3.6 million contracts, up 15% from Q3 2020.
  • Asia Pacific Q3 2021 ADV rose to 1.1 million contracts, up 8% from Q3 2020 and driven by 78% growth in Interest Rate products and 46% growth in Energy products in the region.
  • Globally, CME Group reported ADV of 17.8 million contracts during Q3 2021, up 14% from the same period last year.

Farmer sentiment declines in September, inflation expectations jump

Tuesday, October 5, 2021 - 2:30pm

With producers feeling less optimistic about both current conditions on their farming operations as well as their expectations for the future, this is the weakest farmer sentiment reading since July 2020 when the index stood at 118.

Key Points: 
  • With producers feeling less optimistic about both current conditions on their farming operations as well as their expectations for the future, this is the weakest farmer sentiment reading since July 2020 when the index stood at 118.
  • Inflation expectations were higher this month across the board with the percentage of respondents expecting input inflation to rise above 12% doubling since July with an increase to 34%, up from 21% last month.
  • Despite September's decline in farmer sentiment, farmers remain bullish about farmland values.
  • Since then, farmer expectations regarding future agricultural trade prospects have continued to weaken with only a few exceptions.

CME Group Reports Q3 and September 2021 Monthly Market Statistics

Monday, October 4, 2021 - 12:30pm

CHICAGO, Oct. 4, 2021 /PRNewswire/ -- CME Group , the world's leading and most diverse derivatives marketplace, today reported its Q3 and September 2021 market statistics, showing average daily volume (ADV) increased 14 percent to 17.8 million contracts during the third quarter, and was up 11 percent at 18.8 million contracts during the month of September.

Key Points: 
  • CHICAGO, Oct. 4, 2021 /PRNewswire/ -- CME Group , the world's leading and most diverse derivatives marketplace, today reported its Q3 and September 2021 market statistics, showing average daily volume (ADV) increased 14 percent to 17.8 million contracts during the third quarter, and was up 11 percent at 18.8 million contracts during the month of September.
  • Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume .
  • CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates , equity indexes , foreign exchange , energy , agricultural products and metals .
  • In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.

Murphy & McGonigle Names New Office Managing Partners for New York, Virginia

Monday, September 27, 2021 - 9:28pm

NEW YORK, Sept. 27, 2021 /PRNewswire/ -- Financial services law firm Murphy & McGonigle announced today the appointment of two attorneys as new Office Managing Partners (OMP) at the Firm.

Key Points: 
  • NEW YORK, Sept. 27, 2021 /PRNewswire/ -- Financial services law firm Murphy & McGonigle announced today the appointment of two attorneys as new Office Managing Partners (OMP) at the Firm.
  • Katherine McGrail, litigation shareholder and the Chief Diversity, Equity & Inclusion Officer, becomes the new Office Managing Partner of the Virginia office, and litigation shareholder Andrew Melnick will serve as Office Managing Partner of the firm's headquarters New York office.
  • Both attorneys will also serve on the Firm's Executive Committee, along with Elizabeth Lan Davis, Chair of Murphy & McGonigle; Tom McGonigle, Office Managing Partner of the Washington, DC office; and New York shareholder Leonard Amoruso.
  • Murphy & McGonigle operates in New York, Washington, DC, Virginia, Chicago and San Francisco.

Emerging Markets Report: EV’s and The Copper Castle

Monday, September 27, 2021 - 12:07pm

ORLANDO, Fla., Sept. 27, 2021 (GLOBE NEWSWIRE) -- In preparing today’s Emerging Markets report about CAVU Mining Corp. (CSE: CAVU) (OTC: CAVVF) (FSE: 8NQ), a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable energy sector, we were pleased to see the Company’s clear focus on copper exploration.

Key Points: 
  • According to this detailed report from venerable Reuters, copper will have a significant role in the standardization of EVs.
  • This report by CME Group details the need for copper in EVs, pointing out that on average, Hybrid Electric Vehicles (HEV) will use 85 lbs.
  • of copper, Plug-In Hybrid Electric Vehicles (PHEV) around 132 pounds, and Battery Electric Vehicles (BEV) need a whopping 183.
  • Along these lines, the Company just dropped an overview of their 2021 drilling campaign in the Yukon, particularly in an area they are calling the Copper Castle.

Genesis Executes the First OTC Trade of an Innovative New Bitcoin Futures Product with Akuna Capital

Sunday, September 26, 2021 - 11:31pm

Genesis is committed to offering the most innovative products to our trading partners as the market matures.

Key Points: 
  • Genesis is committed to offering the most innovative products to our trading partners as the market matures.
  • This is another example of how were providing innovative solutions to clients who want to gain exposure to CME Bitcoin and Ether futures.
  • Genesis is a liquidity provider for CME Group for Bitcoin futures, Bitcoin options, Micro Bitcoin futures and Ether futures.
  • "As one of the first firms to trade Bitcoin futures at CME Group, Akuna is excited to execute the first BTIC trade on CME Bitcoin futures with Genesis, added Trevor Bernard, Head of Digital Liquidity at Akuna Capital.

CME Group Launches First-Ever Sustainable Derivatives Clearing Service

Monday, September 20, 2021 - 12:00pm

CHICAGO andLONDON, Sept. 20, 2021 /PRNewswire/ --CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of the derivatives industry's first-ever Sustainable Clearing service to help market participants track and report on how their hedging activities are advancing their sustainability goals.

Key Points: 
  • CHICAGO andLONDON, Sept. 20, 2021 /PRNewswire/ --CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of the derivatives industry's first-ever Sustainable Clearing service to help market participants track and report on how their hedging activities are advancing their sustainability goals.
  • "This innovative clearing offering makes it simple for firms to track their sustainable derivatives positions by seamlessly integrating reporting into their existing workflows," said Sunil Cutinho, President, CME Clearing.
  • All participating futures commission merchants will be provided with Sustainable Clearing eligibility criteria to identify and tag their sustainable trades.
  • The criteria and governance of Sustainable Clearing will be administered by CME Benchmark Administration Limited, an independent legal entity within CME Group, that manages and operates the company's benchmarks and indices.