CME

  • There are actually a bunch of pictures of him online and they all have the same expression, which seems like a good quality in a rates trader.

    News

    CBOT Fines Trader For Losing Money

    Umm so maybe someone wants to explain to me what happened to Glenn Hadden? He’s the head of rates at Morgan Stanley, formerly at Goldman, and he was just banned from all CME trading floors for ten days, which is a little funny because, like, what, was he going to walk around on an exchange […]

    / May 31, 2013 at 5:47 PM
  • Charles Dow seems to have been half Portuguese Water Dog.

    News

    S&P Keeps Monopoly On Way To Count

    The Dow Jones Industrial Average is a very stupid measure of the stock market for at least two reasons, which are (1) it is an average of only 30 big stocks and (2) it is weighted by share price, an entirely arbitrary number, rather than market cap or equal weighting or anything at all sensible. […]

    / May 13, 2013 at 2:41 PM
  • News

    CME, Deutsche Börse Start, End Fling

    When two exchanges eye each other from across the ocean, there’s a pretty standard courting procedure. One or both have usually been spurned and lust after a deal, if not particularly with the available lepers, then after a deal for a deal’s sake, just to show they’ve still got it. They dance around each other for a while coquettishly, before agreeing that it really would be a great idea to spend their lives (or a convenient period of time) together. Then, the regulatory chaperones step in and, usually, say no.

    / Feb 25, 2013 at 3:24 PM
  • I have no burning desire to put up a picture of Byrnes or Curtin, though you can find at least Byrnes on LinkedIn. Bart Chilton was quoted about this case, as he is about every CFTC case, because he is the CFTC's mascot.

    News

    CFTC Sues CME Customer Service Representatives For Providing Overly Enthusiastic Customer Service

    One thing that people like to say is that insider trading in commodities is just fine. It’s the point, even: the main people – if some politicians had their way, the only people – who trade in commodities are the people growing them, or digging them out of the ground, or whatever one does to […]

    / Feb 22, 2013 at 12:34 PM
  • News

    The CME Group Respectfully Requests That You Lazy Bastards Start Trading ASAP

    The CME Group has some unfortunate news: Your lack of trading last year has hit it pretty hard in the wallet. But fear not: The company has already come up with one money-saving cutback for this year.

    / Feb 6, 2013 at 3:21 PM
  • News

    Larry Fink Is Writing A Dictionary

    Efforts to create the first electronic “dictionary” defining derivatives and other financial instruments universally have moved ahead with the creation by US regulators of a committee to help develop it made up of BlackRock, the investment manager, CME Group, the derivatives exchange, and Google. Global Derivatives Lexicon Edges On [FT via HNM]

    / Jun 27, 2011 at 9:33 AM
  • News

    Regulators Focus on Waddell Trade in Market Plunge

    We thought Waddell & Reed was swallowed up ages ago by some big bank. But apparently the money management firm is still around. . .and helping to trigger massive slide in the market last week.

    / May 14, 2010 at 12:20 PM
  • News

    Superfluous CDS Clearinghouse Earns Wall Street’s Pity, Handful Of Trades

    In early October of 2008, Ken Griffin and his partners-in-crime at the Chicago Mercantile Exchange had a dream. It was a dream of bringing “stability and transparency” to the credit-default swap market in such a way that would “reduce much of the systematic risk inherent” in those crazy derivatives. That December, the CMDX clearinghouse/trading platform […]

    / Dec 3, 2009 at 1:55 PM
  • News

    CBOE Free To Sell Itself To The First Girl It Sleeps With

    Years after every other securities exchange that matters gave up on the quaint idea of mutual ownership, the Chicago Board Options Exchange will finally be able to join them. After agreeing to pay the last seven Chicago Board of Trade holdouts $4.2 million to settle their ownership claims–the CBOE settled with the CBOT, now part […]

    / Dec 1, 2009 at 5:13 PM

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