CME Group

BrokerTec Collaborates with LCH RepoClear SA to Integrate Clearing of Euro Denominated Securities for RFQ Trading Solution

Retrieved on: 
Thursday, May 18, 2023
CME, NYMEX, New York Mercantile Exchange, S&P, Partnership, LCH, CME Group, EBS, Metal, Financial services, S&P Dow Jones Indices, CBOT, Repurchase agreement, LCH SA, RFQ, Standard, City, COMEX, OTC, Chicago Board of Trade, LTD, Collateral, Security (finance), Euro, Chicago Mercantile Exchange, Globe

Sponsored Clearing enables buyside market participants to become direct members of LCH RepoClear and clear their transactions with the dealer of their choice via the sponsorship of an Agent.

Key Points: 
  • Sponsored Clearing enables buyside market participants to become direct members of LCH RepoClear and clear their transactions with the dealer of their choice via the sponsorship of an Agent.
  • "We're delighted to further extend our collaboration with LCH to enhance BrokerTec Quote by offering clients new efficiencies in trading Euro-denominated securities," said John Edwards, Global Head of BrokerTec.
  • "We are pleased to expand our partnership with BrokerTec and further extend the LCH RepoClear Sponsored Clearing ecosystem," said Emmanuel Rolland, COO Repoclear, Collateral and Liquidity Management, LCH SA.
  • The collaboration between BrokerTec and LCH RepoClear builds on an existing agreement to provide Sponsored Clearing of Gilt Repo on BrokerTec Quote.

Crypto Valley Conference Returns In June for Its Sixth Annual Event, Revealing Headline Speakers And Immersive Agenda

Retrieved on: 
Wednesday, May 17, 2023
Crypto, Cardano, Bitcoin, Partnership, CME Group, AON, Lucerne University of Applied Sciences and Arts, Eye, CVC, Risk management, Decentralized finance, NEAR, MME, Privacy, Zug, IEEE, Ecosystem, CVA, Conference, Economics, Cryptocurrency, BitGo, Ledger, Kraken, Coinbase, Circle

Rotkreuz, Switzerland, May 17, 2023 (GLOBE NEWSWIRE) --  The Crypto Valley Association (CVA), a leading global blockchain and cryptographic technology ecosystem, has announced that its Crypto Valley Conference (CVC) is returning this summer. The flagship event will take place from 1st-2nd of June 2023, in Rotkreuz, Switzerland. 

Key Points: 
  • Now in its sixth year, the Crypto Valley Conference is synonymous with the Swiss blockchain ecosystem and will once again bring together the most influential leaders in the global blockchain and crypto industry.
  • With over 60 speakers lined up, the event will cover a broad range of topics across technology, economics and finance, and regulation.
  • The Crypto Valley Conference is a wonderful mix of quality content and intimate networking that fuels our community.
  • We can't wait to welcome you in June.”
    With more speakers yet to be announced, keep an eye on the official agenda here .

Architect Launches Institutional Trading Technology Suite for Derivatives and Digital Assets in Private Beta

Retrieved on: 
Wednesday, April 19, 2023
StoneX Group Inc., Galaxy, Anchorage Digital, Partnership, BitGo, CME Group, Ron Conway, API, Wedbush Securities, Architect, Growth, News, Cryptocurrency, Uniswap, Coinbase

CHICAGO, April 19, 2023 /PRNewswire/ -- Architect Financial Technologies Inc. ("Architect" or "the Company") today announced the private beta launch of its first product, a low-latency financial technology platform designed for institutional trading in traditional and digital asset markets.

Key Points: 
  • CHICAGO, April 19, 2023 /PRNewswire/ -- Architect Financial Technologies Inc. ("Architect" or "the Company") today announced the private beta launch of its first product, a low-latency financial technology platform designed for institutional trading in traditional and digital asset markets.
  • Private beta users will be selected from a waitlist to test features and infrastructure performance.
  • Clients of Architect will be able to trade futures and digital assets across a wide variety of exchanges and decentralized protocols, as well as with over-the-counter liquidity providers, using industry-defining technology, tools, and security features.
  • The platform features API connectivity to Qualified Custodians, including within Anchorage Digital and BitGo, and also provides technologically innovative solutions for self-custody of digital assets.

Three Weeks Until ISDA’s 37th AGM in Chicago – Did You Register?

Retrieved on: 
Tuesday, April 18, 2023
Professional Services, Finance, Federal Reserve Bank of Chicago, Insurance, Federal Reserve Bank, Virtu Financial, CME Group, Capital market, International Swaps and Derivatives Association, ISDA, AGM, Government, Bank of England, Fireside chats, Entrepreneurship, United States Department of the Treasury, Bank, Under Secretary of the Treasury for Domestic Finance, Conference, Security (finance), Cryptocurrency, Nursing, Rolling (metalworking)

Join the International Swaps and Derivatives Association, Inc. (ISDA) at its 37th Annual General Meeting (AGM) in Chicago from Tuesday May 9 until Thursday May 11, 2023.

Key Points: 
  • Join the International Swaps and Derivatives Association, Inc. (ISDA) at its 37th Annual General Meeting (AGM) in Chicago from Tuesday May 9 until Thursday May 11, 2023.
  • An updated agenda will be available in due course.
  • Journalists are invited to attend all social events, including the pre-conference welcome reception on Tuesday May 9 at 8:00PM.
  • Please note that attendance at the evening events is granted on a strictly off-the-record basis and is for networking purposes only, not for reporting.

FS-ISAC Leads Financial Sector in Live-Fire Cyber Exercise Locked Shields

Retrieved on: 
Tuesday, April 18, 2023
Exercise, CCDCOE, CME Group, Union Bank, Union Bank & Trust Company, Telecommunications, Bank of Spain, Trust, Government, ABC, Mastercard, NLB, Cooperative Cyber Defence Centre of Excellence, Bank, Society, News, Barclays, Arms industry, Nordic

Locked Shields involves a complex and cascading set of cyber attacks on a fictional country, with impacts ranging from military and government to critical infrastructure such as energy, telecommunications, shipping, and financial services.

Key Points: 
  • Locked Shields involves a complex and cascading set of cyber attacks on a fictional country, with impacts ranging from military and government to critical infrastructure such as energy, telecommunications, shipping, and financial services.
  • FS-ISAC designed the 2023 financial sector scenario in the strategic exercise, which simulates real life payments system outages by a central bank and the cascading impacts on the financial system.
  • Cyber threats to critical infrastructure systems, including financial systems, have become a reality of modern warfare, and Locked Shields has worked since 2010 to facilitate systematic, multi-sector, public-private cyber defense cooperation and coordination in anticipation of these threats from nation-states.
  • “Exercises like Locked Shields strengthen the resilience of the global financial sector and encourage collaboration and coordination across all critical infrastructure and public sectors,” said Steven Silberstein, CEO, FS-ISAC.

CME Group to Expand Bitcoin and Ether Options Expiries on May 22

Retrieved on: 
Monday, April 17, 2023
Bitcoin, CME, NYMEX, New York Mercantile Exchange, S&P, CME Group, EBS, Metal, Financial services, S&P Dow Jones Indices, Ether, ADV, CBOT, Lead, Expiry Date (miniseries), Standard, City, COMEX, OTC, Chicago Board of Trade, LTD, OI, Micro, Cryptocurrency, Chicago Mercantile Exchange, Globe

New expiries for options on Bitcoin and Ether futures will be offered with Monday, Tuesday, Wednesday, Thursday, and Friday expirations.

Key Points: 
  • New expiries for options on Bitcoin and Ether futures will be offered with Monday, Tuesday, Wednesday, Thursday, and Friday expirations.
  • Options on micro-sized Bitcoin and Ether futures will add Tuesday and Thursday expiries to their existing Monday, Wednesday and Friday contracts.
  • All of these new offerings will complement the existing monthly and quarterly expiries available across all Bitcoin and Ether options on futures contracts.
  • "CME Group continues to innovate and lead in the institutional crypto options on futures market," said Paul Eisma, Head of Options Trading at XBTO.

CME Group Reports Second-Highest March and Quarterly ADV on Record

Retrieved on: 
Tuesday, April 4, 2023
Bitcoin, CME Group, ADV, SOFR, Stock market index, Energy, Growth, Interest rate, OI, Mobile phone, Cryptocurrency, Life insurance

Record SOFR futures and options ADV, OI in March and Q1

Key Points: 
  • Record SOFR futures and options ADV, OI in March and Q1
    CHICAGO, April 4, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, today reported its March and Q1 2023 market statistics, showing average daily volume (ADV) increased 24% to 30.3 million contracts in March, representing the company's second-highest March ADV on record.
  • Q1 ADV increased 4% to 26.9 million contracts, the second-highest quarterly volume ever.
  • Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume .
  • March 2023 ADV across asset classes includes:
    Additional March 2023 product highlights compared to March 2022 include:
    Record SOFR futures ADV of 5,158,969 contracts, with record open interest (OI) of 10,979,379 contracts on March 9
    Record SOFR options ADV of 2,943,422 contracts, with record OI of 45,169,674 contracts on March 9
    ADV outside the United States increased 20% to 8.4 million contracts, including 44% growth in Latin America, 19% in Asia and 21% in EMEA
    Micro E-mini futures and options represented 34.3% of overall Equity Index ADV, Micro WTI Crude Oil futures accounted for 4.8% of overall Energy ADV, Micro Bitcoin futures accounted for 0.1% and Micro Ether futures accounted for 0.1% of overall Equity Index ADV
    BrokerTec European Repo average daily notional value (ADNV) increased 10% to €372B and U.S. Repo ADNV increased 1% to $289B
    Q1 2023 highlights across asset classes compared to Q1 2022 include:
    Record Interest Rate ADV of 14,489,970 contracts, an increase of 16% year-over-year
    Record Options ADV of 5,810,179 contracts, an increase of 26% year-over-year

CME Group Appoints Tim McCourt as Global Head of Financial & OTC Products

Retrieved on: 
Thursday, March 30, 2023
Senior, CME Group, EBS, SOFR, Finance, FX Productions, Equity, Retirement, Incident management team, McCourt, Risk, FX, Senior management, Interest, Management

CHICAGO, March 30, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, today announced that it has appointed Tim McCourt to serve in an expanded role as Senior Managing Director, Global Head of Financial & OTC Products, following the retirement of Sean Tully, Senior Managing Director, Interest Rates and OTC Products, on June 2, 2023.

Key Points: 
  • CHICAGO, March 30, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, today announced that it has appointed Tim McCourt to serve in an expanded role as Senior Managing Director, Global Head of Financial & OTC Products, following the retirement of Sean Tully, Senior Managing Director, Interest Rates and OTC Products, on June 2, 2023.
  • "We are fortunate to have Tim McCourt, who has extensive experience across financial products, to lead these important business lines that allow our clients to manage risk in key asset classes."
  • Prior to the new role, McCourt served as Global Head of Equity & FX Products since February 2022, when he was promoted to the Management Team.
  • McCourt joined CME Group in 2013 as Executive Director, Equity Index Products.

Kansai Tokushima Management Anticipates That The Federal Reserve Might Increase Interest Rates

Retrieved on: 
Thursday, March 9, 2023
Fed, Federal Reserve, CME Group, Federal, Dow Jones, Probability, Federal funds, Cryptocurrency

London, United Kingdom--(Newsfile Corp. - March 9, 2023) - Kansai Tokushima Management anticipates that the US federal funds rate may rise up to a peak of 6%, following Federal Reserve Chairman Jerome Powell's recent warning that interest rates are likely to increase higher than previously expected.

Key Points: 
  • London, United Kingdom--(Newsfile Corp. - March 9, 2023) - Kansai Tokushima Management anticipates that the US federal funds rate may rise up to a peak of 6%, following Federal Reserve Chairman Jerome Powell's recent warning that interest rates are likely to increase higher than previously expected.
  • Analysts from Kansai Tokushima Management cited the most recent jobs report and consumer price index reading as evidence that the economy is more resilient than expected.
  • Kansai Tokushima Management call for a terminal rate of 6% coincides with other leading economists' prediction that may resume larger hikes of 50 basis points.
  • The central bank raised rates by 25 basis points in February, bringing the federal funds rate to a range of 4.50% to 4.75%.

CME Group Announces First Trades of Molybdenum Oxide (Platts) Futures

Retrieved on: 
Tuesday, March 14, 2023
CME Group, New York Mercantile Exchange, Chicago Board of Trade, City, S&P, Steel, OTC, Cobalt, Financial services, S&P Dow Jones Indices, COMEX, NYMEX, Metal, Molybdenum oxide, LTD, Glencore, Hydrogen, EBS, CME, Wind, CBOT, Standard, Fertilizer, Renewable energy, Iron ore, Chicago Mercantile Exchange, Molybdenum, Globe, Lithium

CHICAGO, March 14, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the first trades of Molybdenum Oxide (Platts) futures.

Key Points: 
  • CHICAGO, March 14, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the first trades of Molybdenum Oxide (Platts) futures.
  • Molybdenum futures will allow for the industry to hedge against increasingly volatile prices, while also providing important price signals in an emerging market."
  • "We are pleased that CME Group has introduced Molybdenum futures.
  • Molybdenum futures are financially-settled to the Platts Molybdenum Oxide Daily Dealer (Global) assessment, which is the key industry reference point for pricing molybdenum oxide and associated downstream products across the supply chain.