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.
CME Group, the world's leading and most diverse derivatives marketplace, has announced that Dr. Izumi Kazuhara will join the company as Executive Director, Head of Japan in June.
The Board of Directors of CME Group, the world's leading and most diverse derivatives marketplace, has announced that Craig Donohue, the company's Chief Executive Officer since 2004, has informed them he will step down when his contract expires in December 2012.