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CME Group Inc. (CME)

  • Wed, Oct. 7, 9:46 AM
    • CME Group (CME +1.9%) is boosted to Buy from Neutral at Bank of America. The $102 price target is about 13% above last night's close.
    • Up nicely earlier in 2015, CME is now just modestly in the green year-to-date despite generally rising activity on its exchanges.
    | Wed, Oct. 7, 9:46 AM | Comment!
  • Fri, Oct. 2, 7:36 AM
    • After ridiculous results among the volatility in August, things calmed down at CME Group's (NASDAQ:CME) exchanges in September, with volume averaging 14.1M contracts per day, down from 16.3M the previous month, and down 7% from one year ago.
    • Interest rate volume of 6.2M contracts per day fell 23% Y/Y, with Eurodollar futures volume of 2.3M contracts, off 30%.
    • Source: Press Release
    | Fri, Oct. 2, 7:36 AM | Comment!
  • Fri, Sep. 4, 7:26 AM
    • A new Aluminum European Premium Duty-Unpaid futures contract is set to being trading on Sept. 21.
    • It would be the first viable exchange-traded futures product allowing markets to hedge exposure to the European aluminum premium, says CME's Young-Jin Chang.
    • Source: Press Release
    | Fri, Sep. 4, 7:26 AM | Comment!
  • Wed, Sep. 2, 7:34 AM
    • CME Group average volume of 16.3M contracts per day was up a full 25% from a year ago, and included average volume of 23M contracts during the month's final week - the highest weekly average ever.
    • Interest rate volume of 7.9M contracts per day gained 8% Y/Y.
    • Equity index volume of 3.7M contracts up 61%.
    • FX volume of 890K up 33%. Ag commodities volume of 1.3M up 25%. Energy volume of 2.1M up 46%.
    • Source: Press Release
    | Wed, Sep. 2, 7:34 AM | Comment!
  • Tue, Aug. 18, 12:07 PM
    • Mostly an after-thought in the massive world of forex trading, CME Group's (CME +0.1%) currency futures are seeing more interest of late, perhaps as banks (where the vast majority of fx trading occurs) find themselves dealing with charges of price manipulation.
    • The number of large participants with open interest in CME currency contracts rose 16% since the year's start to 1,007. The average number of contracts traded per day of 892K is up 28% Y/Y. For comparison, the average interest rate volume per day is 5.9M contracts; equity index volume 2.5M; energy 1.8M, agricultural 1.4M.
    • “We believe that the investigations and fines have served to increase the appeal of trading on exchanges,” says Craig LeVeille, executive director of fx products at CME. "We're looking at it from a trust standpoint."
    • CME handles about $100B of notional forex volume daily versus $5.3T for the overall market.
    | Tue, Aug. 18, 12:07 PM | 1 Comment
  • Tue, Aug. 11, 12:41 PM
    • "This was part of the restructuring announced last fall designed to eliminate bureaucracy and improve our ability to serve our global client base more efficiently," says CME Group (CME -0.9%) spokeswoman Laurie Bischel of the company's cut of about 3% of it employees on Aug. 6, with about half of those roughly 80 dismissals coming from technology staff.
    • Among those exited is Brian McElligott, a managing director and global head of information products.
    • This follows the 5% staff reduction in October. Expenses in the six months ended June 30 totaled $660.3M, up 2.8% from the same period a year earlier.
    • Source: Bloomberg
    | Tue, Aug. 11, 12:41 PM | Comment!
  • Wed, Aug. 5, 6:17 PM
    • CME (NASDAQ:CME) declares $0.50/share quarterly dividend, in line with previous.
    • Forward yield 2.04%
    • Payable Sept. 25; for shareholders of record Sept. 10; ex-div Sept. 8.
    | Wed, Aug. 5, 6:17 PM | Comment!
  • Wed, Aug. 5, 10:23 AM
    • "China is key to our global growth strategy, and this MOU with CFETS marks another key development in our China roadmap," says CME Group CEO Phupinder Gill.
    • The memorandum of understanding with China Foreign Exchange Trade System was signed with a view to establish a JV in the U.S. between the two exchanges.
    • CFETS is China's largest marketplace for interest rates and forex products, and also the major trading platform and pricing center for RMB and related products.
    • Source: Press Release
    | Wed, Aug. 5, 10:23 AM | Comment!
  • Tue, Aug. 4, 8:39 AM
    • CME Group July 2015 volume of 12.8M contracts per day gained 5% from one year ago. Options volume of 2.9M contracts per day up 22%.
    • Interest rate volume of 5.9M contracts per day slipped 5%, with Eurodollar futures volume of 2.1M contracts down 20%.
    • FX volume of 733K contracts up 26%. Equity index volume of 2.5M contracts up 5%.
    • Ag volume of 1.4M contracts up 32%. Energy volume of 1.8M contracts up 12%. Metals volume of 381K contracts up 20%.
    • Source: Press Release
    | Tue, Aug. 4, 8:39 AM | Comment!
  • Thu, Jul. 30, 7:40 AM
    • Q2 net income excluding items of $320M or $0.95 per share vs. $257.9M and $0.77 one year ago.
    • Average daily volume of 13.3M contracts up 6% Y/Y. Clearing and transaction fee revenues of $682M up 12%. Market data revenue of $103M up 15%.
    • Average rate per contract of $0.777 vs. $0.753 one year ago, driven by a higher proportion of trades in commodity products, which have higher average fees.
    • Conference call at 8:30 ET
    • Previously: CME beats by $0.03, beats on revenue (July 30)
    • CME flat premarket
    | Thu, Jul. 30, 7:40 AM | Comment!
  • Thu, Jul. 30, 7:04 AM
    • CME (NASDAQ:CME): Q2 EPS of $0.95 beats by $0.03.
    • Revenue of $820M (+12.1% Y/Y) beats by $12.78M.
    • Press Release
    | Thu, Jul. 30, 7:04 AM | Comment!
  • Wed, Jul. 29, 5:30 PM
  • Sun, Jul. 26, 7:39 AM
    • Deutsche Borse (OTCPK:DBOEY) is buying Germany-based foreign exchange trading platform 360T for €725M, in a bid to expand its business in the $5.3T-a-day currency trading market.
    • The announcement wraps up an auction which saw CME Group (NASDAQ:CME) and Nasdaq OMX (NASDAQ:NDAQ) also compete for the forex trading venue.
    • Deutsche Borse expects double-digit million euro revenue synergies in the medium-term from the deal and plans to finance the acquisition via a combination of debt and equity.
    | Sun, Jul. 26, 7:39 AM | Comment!
  • Tue, Jul. 21, 8:16 AM
    • CME Group (NASDAQ:CME) and Multi Commodity Exchange of India Limited sign a Memorandum of Understanding to - among other things - explore the chance to develop and market new products and services for the U.S. and Indian markets.
    • The two also announce the extension of a licensing agreement enabling MCX to settle their rupee-denominated oil and gas contract to CME Group's NYMEX prices.
    • Source: Press release
    | Tue, Jul. 21, 8:16 AM | Comment!
  • Thu, Jul. 2, 7:53 AM
    • June volume of 14.6M contracts per day was up 15% from a year earlier. Options volume of 2.9M gained 28%.
    • Interest rate volume of 6.9M contracts up 8% Y/Y, with Eurodollar futures volume of 2.5M down 5%, and Treasury futures volume of 2.7M up 12%.
    • Forex volume of 987K contracts up 29%.
    • Ag commodities volume of 1.7M contracts up 48%.
    • Equity Index volume of 2.9M contracts up 16%.
    • Source: Press Release
    | Thu, Jul. 2, 7:53 AM | Comment!
  • Wed, Jun. 24, 1:33 PM
    • The closing of many of CME Group's iconic trading pits had been set for July 2, but it's been delayed until at least July 6 and possibly another 90 days based on a review of trader concerns by the CFTC.
    • The CME apparently never solicited feedback from exchange members prior to announcing the closures in February, and traders are concerned customers could be materially harmed by losing access to complex trades not available on Globex.
    • CME is trying to add functionality to Globex by sending software developers onto the floor to interview those traders set to lose their jobs.
    | Wed, Jun. 24, 1:33 PM | 1 Comment
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Company Description
CME Group Inc, through its futures exchanges & clearing houses, serves the risk management & investment needs of customers. It offers products like futures & options, foreign exchange, energy, agricultural commodities, weather derivatives & real estate.