164.59 0.00 (0.00%)
After hours: 4:28PM EDT
|Bid||164.43 x 800|
|Ask||164.68 x 800|
|Day's Range||164.04 - 166.89|
|52 Week Range||131.80 - 225.36|
|Beta (5Y Monthly)||0.31|
|PE Ratio (TTM)||24.71|
|Earnings Date||Jul 29, 2020|
|Forward Dividend & Yield||3.40 (2.05%)|
|Ex-Dividend Date||Jun 09, 2020|
|1y Target Est||190.82|
CME Group Foundation today announced that it has awarded over $1 million in grants to further support education initiatives across Chicago. This funding will help ensure that students continue to have access to quality educational resources, and that learning initiatives at every level remain impactful at a time when students and educators face unique challenges and uncertainty.
TriOptima, a leading infrastructure service that helps to lower costs and to mitigate risk in OTC derivatives markets, has extended data connectivity between The Depository Trust & Clearing Corporation (DTCC) Global Trade Repository (GTR) service and TriOptima's triResolve platform to help market participants validate their reported securities financing transactions as they prepare for Securities Financing Transactions Regulation (SFTR) compliance.
Intercontinental Exchange (ICE) June volumes reflect lower Commodities and Financial average daily volumes.
Farmer sentiment improved in June for the second month in a row, rebounding from sharp declines that took place in both March and April, according to the Purdue University/CME Group Ag Economy Barometer. The index was up 14 points from May to a reading of 117. The Ag Economy Barometer is based on responses from 400 U.S. agricultural producers with this month's survey conducted from June 22-26, 2020.
CME Group's (CME) average daily volume for June and second-quarter 2020 decreases primarily due to lower volumes across most of its product lines.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
CME Group, the world's leading and most diverse derivatives marketplace, today reported its June and second-quarter 2020 market statistics, showing it reached average daily volume (ADV) of 17.6 million contracts during the quarter and 17.1 million contracts during the month of June. Open interest at the end of June was 101 million contracts. Market statistics are available online in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.
Shorter hours would not be in the best interests of investors or stock markets, European bourses said on Wednesday, dashing hopes at banks and investment firms in London of cutting 90 minutes from the trading day. The Federation of European Securities Exchanges (FESE) said shorter hours would be a move in the wrong direction. The current European trading day is 0900-1730 continental European time, longer than in Asia or Wall Street.
Mayor Lori E. Lightfoot joins CME Group, the world's leading and most diverse derivatives marketplace, in recognizing 25 City Colleges of Chicago graduates who will receive scholarships from the company to continue their education at a four-year college or university. The winners recently graduated from Chicago's community college system with an associate degree, having earned it debt free as recipients of the Chicago Star Scholarship. Each student will receive an additional $5,000 scholarship over two years from CME Group to support completion of their bachelor's degree, creating more opportunities for students with diverse economic backgrounds to pursue their higher education goals.
CME Group, parent of the Chicago Board of Trade (CBOT), has ordered The Andersons Inc , an Ohio-based grain business, to pay a $2 million fine for violating futures trading rules in late 2017, the exchange said in a statement on Friday. The Andersons confirmed the settlement in a statement to Reuters and said it cooperated with the CME's investigation. The 6th-largest U.S. commercial grain handler by capacity operates several Ohio grain warehouses that also serve as delivery points for CBOT wheat futures.
Two companies have released price benchmarks for oil in the U.S., challenging West Texas Intermediate crude as the standard indicator of the cost of the commodity.
(Bloomberg) -- Cboe Global Markets Inc. brought U.S. stock-market volatility trading to the masses 16 years ago with futures on the VIX index. Replicating that success with interest rates has been elusive, but the firm is going back to the drawing board to try again.Trading of futures on Cboe’s 10-Year U.S. Treasury Note Volatility Index languished even as volatility soared in March and volume surged in Treasury futures and options listed at CME Group Inc. Cboe blames an unconventional design it was in the process of fixing. Then, last month, CME declined to renew the pricing data that the index was based on.So now Cboe is trying a different approach. It plans to roll out a set of volatility indexes based on a Treasury exchange-traded fund during the third quarter and to expand its lineup of indexes based on interest-rate swaps. In each case, the goal is eventually to list futures and options on the indexes that will open up volatility trading to more investors, said Michael Mollet, director of product development at Cboe.“There’s room for democratization of volatility trading in rates as there was in equities,” Mollet said. Rates volatility trading is big business for banks, he said, but “there may be lots of other people with risk tied to volatility of interest rates that have expertise but not access, or have opinions and just don’t have the right tools to express opinions or hedge risk.”Cboe’s first new entry will be a suite of four volatility indexes with different tenors and based on the iShares 20+ Year Treasury Bond ETF. Known by its ticker symbol TLT, it’s among the biggest U.S. Treasury ETFs, with assets of about $18.3 billion. On the swaps side, where options are traded over-the-counter, the process will take longer. However, it will build on the Cboe Interest Rate Volatility Index -- based on one-year options on 10-year interest-rate swaps -- which has been published since 2012.When Cboe began publishing the 10-year Treasury volatility index in May 2013 in cooperation with CME, it was muscling in on territory controlled by Bank of America Corp. via the Merrill Lynch Option Volatility Estimate Index. Created during the 1990s at Merrill Lynch by Harley Bassman, the firm’s then-head of OTC bond options, the gauge known is known as the MOVE index. It derives the implied volatility of Treasury yields from prices of one-month OTC options on two-, five-, 10- and 30-year Treasuries.Bassman has described MOVE as “similar in form to the VIX Index,” Cboe’s S&P 500 volatility index that was created in 1993.But the MOVE isn’t like the VIX in the sense that the VIX is based on transaction prices for listed, not OTC, options. Introducing the 10-year Treasury volatility index, based on listed options on CME’s Treasury 10-year note futures contract, Cboe and CME called it “the first volatility index of its kind.”Cboe listed futures on the index in 2014. Unlike futures and options on the VIX, a juggernaut for the company, Treasury vol futures never quite caught on, with open interest and daily volume in the low double digits. VIX futures volume averaged 247,000 contracts a day during the first five months of this year and VIX options volume was 614,000 contracts a day, about 6% of average daily volume in options across Cboe’s four exchanges.To be sure, the volatility franchise has also been an occasional source of trouble. Credit Suisse Group AG this week delisted a group of exchange-traded notes including a $1.5 billion product that aimed to deliver twice the daily return of the S&P 500 VIX Short-Term Futures Index, leading Goldman Sachs to downgrade Cboe shares.Index FlawWhen it comes to the Treasury VIX, Mollet attributes its failure to a structural flaw that Cboe was in the process of fixing. The Treasury VIX expressed volatility in price terms, whereas the convention in Treasury options is to express it in basis points. Mollet said a conversion methodology had been worked out when Cboe learned that CME intended not to renew the options-data license when it expired.CME declined to comment on the data license. Agha Mirza, its global head of interest-rate products, said in a statement that CME’s listed options are “the best way to monitor, trade or hedge volatility” on its 10-year Treasury futures contract. Volume in the options has grown 70% over the past five years, he said.Located around the block from each other in Chicago, Cboe (formerly the Chicago Board Options Exchange) was founded in 1973 as an options trading floor, while CME (formerly the Chicago Mercantile Exchange) whose biggest products are interest-rate futures, began as a commodity futures exchange in 1898.Cboe is betting there’s room for more growth outside the “relatively small subset” of investors with access to CME’s products and over-the-counter interest-rate derivatives. That was its experience when it listed futures and options on the VIX, Mollet said.By calculating a volatility index for the TLT, Cboe will sidestep the data licensing pitfall. Also, the ETF compares favorably as an underlying asset to the more complicated Treasury futures contract, which tracks a basket of deliverable bonds and has quarterly expirations. And there is plentiful liquidity in the options. The fund is the third most-traded fixed-income ETF, and has the second-highest open interest in its options.Swaps VolatilityCreating volatility indexes for swaps is a harder lift because options pricing data is relatively sparse, Mollet said. But there is more potential for an array of products based on various tenor-maturity combinations, as well as other currencies.Bassman, who retired from financial services in 2017 but continues to publish commentary on his website ConvexityMaven.com, is skeptical about the growth potential of rates volatility index trading, relative to VIX futures and options.Indicators like the MOVE index “are important for risk analysis and management, but trading these products can be more challenging since their short-term correlation to rate level can be fluid,” he said. The VIX has a strong negative correlation to the S&P 500, whereas the MOVE can spike when rates move sharply in either direction.Also, as the MOVE index shows -- and the Treasury VIX did until it was discontinued -- U.S. rates volatility collapsed after the Federal Reserve cut the U.S. policy rate to near zero in March and vowed to keep it there for as long as it takes the economy to recover from the pandemic.The level of volatility might influence the timing of any decision to list futures and options on the new indexes, Mollet said. In the meantime, however, “We’re giving people transparency and insight into how Treasury volatility behaves,” and expect demand for the new index “regardless of what market sentiment is at this point.”(Adds tout to story about vol products below chart.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The European Union said it has delayed the introduction of rules aimed at increasing competition in derivatives clearing after concerns that the COVID-19 pandemic has hindered market preparations. Representatives of EU states and the European Parliament cited "adverse circumstances arising from the COVID-19 pandemic", a statement from the Council of EU states said. The rules would allow market participants to choose where they want to clear their listed derivatives trades, pitting clearers like the London Stock Exchange's LCH, Deutsche Boerse's Eurex, and ICE against each other.
CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has been selected by IDG's Insider Pro (https://www.idginsiderpro.com) and Computerworld (http://www.computerworld.com) as a 2020 Best Places to Work in IT, one of 100 top organizations that challenge their IT staffs while providing great benefits and compensation. This is the third consecutive year CME Group has received this recognition. Organizations will be included in coverage on IDGInsiderPro.com and Computerworld.com along with results from the 2020 Best Places to Work in IT survey.
CME Group, the world's leading and most diverse derivatives marketplace, and B3 S.A., one of the world's largest financial market infrastructure companies, announced an agreement to jointly develop risk management products for both Brazilian domestic and global market participants. Under the terms of the agreement, CME Group and B3 will work together to launch futures on Brazilian soybeans in Q3 2020, pending regulatory approvals.
The COVID-19 crisis has not been kind to the financial sector. Bank stocks have sold off on fears of credit writedowns, many mortgage REITs (real estate investment trusts) have been forced to deleverage and sell assets to meet margin calls, and other REITs are struggling as tenants are unable to pay rent.
CME Group Inc. will announce earnings for the second quarter of 2020 before the markets open on Wednesday, July 29, 2020. Written highlights for the quarter will be posted on the company's website at 6:00 a.m. Central Time, the same time it provides its earnings press release. The company will hold an investor conference call that day at 7:30 a.m. Central Time, at which time company executives will take analysts' questions.
As the U.S. election nears, strategists expect volatility as investors try to game out what the results could mean for their portfolios and for tax policy.
The largest Insider Buys this week were for Keurig Dr Pepper Inc., CME Group Inc., Allogene Therapeutics Inc. and Old Republic International Corp. Continue reading...
Chicago brokers and traders worry the novel coronavirus will kill more of the city's once famous shout-and-gesture trading pits. CME Group, which owns the Chicago Board of Trade, said this week that most of the pits it closed in March because of the pandemic will remain shuttered indefinitely. The news disappointed some brokers who hoped to return to the trading floor this month and are looking for other ways to make money.
A new European Union law requiring closer scrutiny of foreign clearing houses used by customers from the bloc has been simplified after the United States threatened retaliation. The law was triggered by Britain's departure from the bloc as the London Stock Exchange's LCH clearing house clears the bulk of interest rate swaps denominated in euros. U.S. regulators threatened retaliatory measures if Brussels began to closely supervise U.S clearers such as CME Group and ICE (Intercontinental Exchange), saying it would increase their costs.