Rahul Seksaria, a money manager at Pacific Investment Management Co. running inflation-protection strategies, is said to have left the firm after CME Group fined him for improper trades.
BGC Partners looks to outbid a competing offer for GFI from CME Group.
CME Group has appointed Cees Vermaas As Managing Director And CEO Of CME Europe Limited, its London-based derivatives exchange, effective 2 January 2015.
The Chicago Mercantile Exchange started electronic futures trading after a technical issue halted markets for as long as four hours, affecting contracts from U.S. stock indexes to Treasuries, oil and gold.
Barclays’ index business drew offers from Nasdaq OMX Group Inc., Bloomberg, and CME Group, people with knowledge of the matter said.
CME Group, owner of the world’s largest futures market, was sued by three of its users who alleged the company sold access to order information to high-frequency traders ahead of other market participants.
Getting the house in order.
CME Group has confirmed it fined Morgan Stanley's global head of rates on Friday over transactions in Treasury futures five years ago while he was employed by Goldman Sachs.
According to Albert Einstein, the speed of light is the fastest speed there is. But for some Wall Street traders the speed of light-at least as it travels through a fiber-optic cable-just isn't fast enough anymore.
On a good day, 27-year-old Bobby Timberlake at CME Group in Chicago rounds up $2.5bn from the world’s biggest traders and banks such as JPMorgan Chase to cover their losses in the $639 trillion derivatives markets.