Archive | exchanges

Merc, CBOT try gimmicks to attract new traders

By David Roeder What’s next — a free cell phone for every new futures trader? The Chicago Mercantile Exchange and the Chicago Board of Trade are in a fee-cutting frenzy, lowering the cost to trade on their markets in response to keen competition. They want to fend off challenges to their turf from European exchanges, […]

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Dalian commodities exchange booms

By Richard McGregor Like most things to do with soybeans in China, the Dalian Commodity Exchange is doing record business. The number of contracts and the volumes of trades in the oil seeds more than quadrupled in the three years to 2003, and have continued to grow rapidly this year. The breakneck increase in demand […]

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Winnipeg Exchange Shareholders Vote to Close Floor

By Roberta Rampton WINNIPEG, Manitoba (Reuters) – The 117-year-old Winnipeg Commodity Exchange said on Wednesday its shareholders had approved plans to trade grain futures contracts electronically, spelling an end for its storied “open outcry” pits. Eighty-one percent of the WCE’s shareholders voted in favor of the plan to move the exchange’s canola, barley and feed […]

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CBOT set to take gold and silver electronic

By Jeremy Grant in Chicago The Chicago Board of Trade plans to launch electronically traded gold and silver futures contracts in a move that could challenge the New York Mercantile Exchange’s global leadership of precious metals trading, derivative exchange sources said. The plans come as the world’s largest derivatives exchanges battle for dominance of trading […]

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COMEX gold ends up on bombings, weak dollar

NEW YORK, May 17 (Reuters) – Safe-haven buying lifted COMEX gold on Monday after bombings in Iraq and Turkey shook the dollar, but profit-taking cut gold’s gain after news a weapon containing the nerve agent Sarin was found in Iraq. June gold closed up $2.50 at $379.60 an ounce, backing off the top of its […]

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CFTC Proposes Changes To Trade Reporting Rules

The Commodity Futures Trading Commission is proposing to raise the reporting levels at which futures commission merchants, clearing members and foreign brokers must file large-trader reports in certain commodities. In addition, the CFTC is proposing changes in the way certain new products, such as exchanges of futures for swaps, and how should be reported under […]

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CBOE April options volume rises 39 pct from 2003

Volume at the Chicago Board Options Exchange rose 39 percent in April compared with year- earlier levels, the largest U.S. options market said on Monday. During April, volume in stock option classes rose 48 percent as more than 20 million contracts traded, while index options were up 26 percent, with over 11 million contracts traded, […]

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