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Related Special Reports
...Google has a 10-year deal with derivatives exchange CME Group and invested $1bn in the Chicago-based business....
...These transactions are subject to the CME’s market surveillance....
...On Monday it charged media and entertainment company Impact Theory LLC with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens....
...Please tell us what you think of Google’s CME tie-in in the comments section below....
...CME runs several large derivatives markets, including those tracking interest rates, equities and commodities prices....
...You might have read Google’s announcement: it has invested $1bn in CME Group as part of a deal in which the exchange operator will shift more of its trading operations into Google’s cloud data centres....
...The business is also run as a joint venture between S&P Global and CME Group, the US derivatives exchange, although S&P Global owns a 73 per cent stake....
...That put it far behind leaders like CME Group, Tradeweb and Bloomberg. Tradeweb will pay $190m in cash as part of the deal....
...Some of its customers had begun trading remotely, and the Chicago futures exchanges CME Group and CBOE had closed their trading pits the week before....
...The CME last week described the gradual transition from its Chicago floor, still home to hundreds of people, towards electronic trading, as “very healthy”, in part because of a new system that digitally...
...CME, the world’s biggest exchange company by market value, has enjoyed a strong year....
...The firm, founded by Don Wilson, reported $454.8m in revenue at its DRW Investments LLC subsidiary in 2016, according to accounts made public this month by UK Companies House, a business registry....
...Shares in Gap, American Eagle Outfitters and Urban Outfitters were all down at least 2 per cent by early afternoon in New York....
...Across asset classes and venues, the CME alone traded 17m futures contracts a day in April. Bitcoin is tiny....
...However the once high flying brand has struggled in recent years amid mounting competition from the likes of American Eagle Outfitters, Gap and Lululemon in the bra and underwear space....
...That would be equivalent to less than 1 per cent of the market available to trade, the CME estimates....
...The announcement helped push both CME and CBOE shares to record highs, above $151 and $124 respectively....
...“When CME filed their [IPO paperwork] it was very clear that technology was going to drive [exchanges’] business model,” Mr Rubenstein says....
...Concho Resources, a US oil and gas producer, agreed to buy rival RSP Permian for $9.5bn including debt and CME Group, the Chicago exchange, agreed to buy Nex Group, in a deal that valued the UK group at...
...week has rekindled talks of further monetary tightening this year, with the odds of a December interest rate increase now seen at nearly 56 per cent compared to 37 per cent just a month ago, according to CME...
...Last week CME Group, the world’s biggest futures exchange operator, said it planned to offer bitcoin futures as prices for the cryptocurrency soar....
...With more than 800 employees it is one of the biggest market makers on futures exchanges such as CME Group and Intercontinental Exchange, though it also has expanded into cryptocurrencies and cash equities...
...Mark Spindel, founder and chief investment officer at Potomac River Capital LLC, said: “The correction has been nowhere near large enough to hit the real economy....
...For example, between CME in Illinois and stock exchange data centres in New Jersey they can rent bandwidth on a microwave route operated by McKay Brothers, which advertises time lags of 8 milliseconds per...
...Corp and former head of CME....
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