Archive | October, 2004

Nymex races to fill gap left by IPE

By Kevin Morrison – The New York Mercantile Exchange is racing to be ready to start trading oil futures contracts from its new European base in Dublin on Monday, the day its rival, London-based International Petroleum Exchange, is set to cut back its hours of open outcry trading. Telephone engineers were on Thursday still working […]

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CFTC Files Trading Fraud Charges

The Commodity Futures Trading Commission has settled an administrative action against futures trader John Hucko for engaging in a trading scheme that defrauded his firm, SMW Trading Co. According to the CFTC, for the six months beginning in October 2001, Hucko worked for the Chicago firm and assigned profitable trades to an SMW proprietary account […]

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Will coffee plus conscience give prices a boost?

By Russell Blinch – SINGAPORE (Reuters) – It’s the world’s second biggest commodity and it’s an indispensable fuel for many, but unlike oil there are no looming shortages and prices are anything but healthy. Although it would be hard to tell after a trip to the gourmet coffee shop, coffee has suffered five years of […]

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Over 50 Customers Now Connected to CME European Hubs

CHICAGO and MILAN, Italy, Oct. 25 /PRNewswire-FirstCall/ — CME, the largest U.S. futures exchange, today announced that IWBank, the online bank of BPU Group in Milan, and FinecoBank, the online bank of Capitalia Group, have become the first Italian customers to initiate direct access to CME Globex through the exchange’s new telecommunications hub in Italy. […]

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Dalian exchange set to launch GMO soyabean futures

China, the world’s top soya importer, will launch futures contracts for genetically modified soyabeans on the Dalian Commodity Exchange on November 18, an industry source said. “The contracts have been approved [by the government] and will be traded on the Dalian Commodity Exchange from November 18,” the source said. The exchange spokesman in Beijing declined […]

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Leading oil trader to open exchange in Dublin

The world’s largest energy dealer is to open a trading floor in Dublin’s financial heartland, it emerged today. New York Mercantile Exchange, international dealers in Brent crude oil and precious metals such as gold, silver and platinum, revealed the centre could be up and running within weeks offering open-floor trading. Deirdre Lyons, IDA international financial […]

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OCC, OIC Announce New Volume Records

CHICAGO, Oct. 19 /PRNewswire/ — The Options Clearing Corporation (OCC) and The Options Industry Council (OIC) announced today new annual records for total and equity options volume. Volume highlights include: — Year-to-date total options volume on Oct. 15 hit 911,995,006 contracts and set a new annual record for total options. This volume surpasses 2003’s record […]

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CME Launches Implied Butterfly Spread Functionality for Electronic Trading of CME Eurodollars

CHICAGO, Oct. 18 /PRNewswire-FirstCall/ — CME, the largest U.S. futures exchange, announced today that it has launched new implied butterfly spread trading functionality for CME Eurodollars on Globex(R), the exchange’s electronic trading platform. The new butterfly spread functionality is similar to what currently exists for electronic Eurodollar calendar trades, but now allows users to more […]

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