All Entries in the "CME Group" Category
Bank of China and CME to Seek Wider Use of Yuan
Bank of China Ltd (BOC), one of China’s “big four” State-owned lenders, formed a tie-up with the world’s largest futures exchange operator on Wednesday February 29, through which the two parties will explore yuan settlement and clearing opportunities for commodities. The cooperation agreement provides for trading in contracts related to oil, interest rates, grains and [...]
CME Group and Mysteel to Cooperate on Developing OTC Ferrous Risk Management Products for China
CME Group, the world’s leading and most diverse derivatives marketplace, and Mysteel, China’s leading provider of ferrous price and indexing services, announced January 19 they have signed an agreement to develop risk management products for the ferrous industry based on Mysteel’s market-leading price data services. The products will be listed by NYMEX and cleared by [...]
CME President Awaits the Greenlight for the Reopening of China’s Financial Derivatives Market
Phupinder Gill, president of CME Group Inc, is waiting to enter the financial derivatives market on the Chinese mainland as soon as the country’s top regulators give the go-ahead. The 50-year-old is busy talking with the China Securities Regulatory Commission (CSRC) about concrete measures to start the pilot overseas futures trading business. When that happens [...]
Credit Suisse Completes First Cleared Coking Coal Swap Transaction
Credit Suisse today announced that it had completed the first ever cleared coking coal swap transaction via a new OTC cleared contract launched by CME Group. The development of this new contract enables steel mills to hedge their exposure to their entire floating cost spectrum and demonstrates Credit Suisse’s continued leadership in providing clients in [...]
CME Group and Osaka Securities Exchange Announce Strategic Partnership
CME Group, the world’s leading and most diverse derivatives marketplace, and Osaka Securities Exchange Co., Ltd. (OSE), the premier Japanese derivatives and securities exchange, announced July 26 the companies have expanded their partnership with a strategic arrangement to cooperate on joint product development, marketing and promotions. Under this arrangement, the companies will offer Japanese yen-denominated [...]
CME Group Names Julien Le Noble as Head of Its Asia Office
CME Group, the world’s leading and most diverse derivatives marketplace, announced July 1 that it has named Julien Le Noble as head of its Asia Pacific office. Le Noble, 39, will be based in Singapore and will be responsible for leading CME Group’s efforts to develop benchmark products and services to meet the needs of [...]
Thomson Reuters Trade Confirmation Service Connects to SGX and CME Clearing
Thomson Reuters announced May 27 that its new global trade confirmation service, Thomson Reuters Trade Confirmation, is now connected to Singapore Exchange (SGX) and CME Clearing. Thomson Reuters Trade Confirmation provides financial institutions with a consistent and efficient matching service that enables the legal confirmation of trades and the submission of trade details to clearing [...]
Three Senior CME Group Staff in Asia Resign
Three senior staff of the CME Group in Asia have resigned since the start of the month, even as the exchange said on Wednesday it remained committed to its expansion plans in the region. The three — Asia managing director C.F. Wong, head of energy George Ng and associate director Sam Ho — are leaving [...]
Bursa Malaysia Derivatives Products Migrate Successfully to CME Globex
Bursa Malaysia Derivatives Berhad successfully migrated all its derivatives products onto CME Globex®, the electronic trading platform of CME Group, today. This move to CME Globex® enables global traders to access Bursa Malaysia Derivatives products electronically, particularly the global benchmark crude palm oil futures (FCPO) contract. The migration of all Bursa Malaysia Derivatives products onto [...]
Bursa Malaysia Derivatives to Migrate to CME Globex
Bursa Malaysia Derivatives Berhad (BMD), a subsidiary of Bursa Malaysia Berhad, today announced that it will migrate the trading of its derivatives products, comprising commodity, financial and equity futures, onto CME Group’s electronic trading platform, CME Globex®. The crossover from the current derivatives trading platform to the CME Globex® platform is scheduled for 20 September [...]
