|Bid||194.00 x 1100|
|Ask||213.98 x 1100|
|Day's Range||205.12 - 207.96|
|52 Week Range||161.05 - 224.91|
|Beta (3Y Monthly)||0.20|
|PE Ratio (TTM)||36.10|
|Earnings Date||Feb 12, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||3.00 (1.45%)|
|1y Target Est||215.56|
CME Group Inc. (NASDAQ: CME), the world's leading and most diverse derivatives marketplace, today announced that its 2020 annual meeting of shareholders will be held at 10:00 a.m. Central Time on Wednesday, May 6, 2020, in the Auditorium at CME Group, located at 20 South Wacker Drive, Chicago, Illinois.
CME Group announced today that John Pietrowicz, Chief Financial Officer, and Sean Tully, Senior Managing Director and Global Head of Financial and OTC Products, will present at the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 10, at 9:10 a.m. (Eastern Time).
Specifically, The Wall Street Journal reported early Thursday that Beijing says China’s trade negotiations with the U.S. “remain on track,” and both sides maintain close communication. One example might be Tiffany & Co (NYSE: TIF), whose earnings per share missed analysts’ estimates significantly. In other corporate news, United Airlines Holdings Inc (NASDAQ: UAL) CEO Oscar Munoz will leave his job as CEO next May, CNBC reported.
CME Group, the world's leading and most diverse derivatives marketplace, today announced enhanced product specifications and two additional delivery points for its WTI Houston crude oil futures contracts, pending regulatory review.
The derivatives marketplace has seen consistent selling by insiders as well as gurus despite producing solid results Continue reading...
France's top market regulator Robert Ophele has been appointed acting chair of the European Union's tougher system for deciding if foreign clearing houses can operate in the bloc, a sensitive issue for Britain after Brexit. Ophele is chair of France's markets watchdog AMF and will also from January be acting chair of the Paris-based European Securities and Markets Authority's (ESMA) new central counterparty supervisory committee. The London Stock Exchange's LCH unit clears the bulk of euro-denominated interest rate swaps, and Bank of France Governor Francois Villeroy de Galhau has said he wants to see the activity based in Paris, where LCH has a subsidiary.
European Union governments agreed on Wednesday new rules for handling failures of clearing houses, an EU statement said, in a move that would increase the burden on these firms to limit losses that might rock the financial system. The deal concerns 16 EU-based clearing houses which clear a significant proportion of the 640 trillion euros ($705 trillion)of derivatives traded through central counterparts, the EU said. The rules, which need to be approved by the European Parliament, "will help to address interconnectedness and contagion risks, while encouraging less risky behaviour by clearing houses and other market participants," Finland's Finance Minister Mika Lintila said.
Agricultural economy sentiment tied with its highest reading of 2019, according to the November Purdue University/CME Group Ag Economy Barometer. Rising for a second month in a row, the barometer improved to a reading of 153 in November, up 17 points from October and matching the previous high set in July.
CME Group, the world's leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 18.2 million contracts during November 2019. Open interest (OI) at the end of November was 131 million contracts.
Is CME Group Inc. (NASDAQ:CME) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...
We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds' top 3 stock picks returned 39.1% this year and beat the S&P […]
The three major U.S. stock market indexes traded about flat, near record levels, as investors remained optimistic about trade talks between the U.S. and China.
When to sell stocks after a great run? Look for new highs in low of average volume after it has made big strides past a breakout point.
CHICAGO , Nov. 21, 2019 /PRNewswire/ -- CME Group's Center for Innovation today announced that Citadel Founder and CEO Ken Griffin is the 15th recipient of the CME Group Melamed-Arditti Innovation Award. ...
(Bloomberg) -- Chicago trading legend Don Wilson suspects the scandal-tainted Libor interest-rate benchmark is going to stick around past its 2021 expiration date, defying the expectations of the Federal Reserve and other regulators.In two years, banks will no longer be required to supply data used to calculate the London Interbank Offered Rate. But that doesn’t mean they’ll stop, Wilson, the chief executive officer and founder of futures-and-options giant DRW Holdings LLC, said in an interview Monday at his office.Assuming Wilson’s right and banks do keep feeding Libor, that means there’s a future, too, for eurodollars. Those contracts at CME Group Inc.’s exchange are futures on three-month U.S. dollar Libor, and they can’t exist in their current form without it. They’re also the most-traded rates contracts in the world and a staple of Wilson’s firm from the start, making this more than just an ivory-tower discussion about rates benchmarks.Traders are gradually embracing products based on the Federal Reserve Bank of New York’s Libor replacement, the Secured Overnight Financing Rate. But while SOFR has its place, Libor administrator Intercontinental Exchange Inc. has addressed the benchmark’s problems, and doing away with it would be a mistake, Wilson said. His view is informed in part by SOFR’s volatility during September’s upheaval in U.S. funding markets.“SOFR is a useful risk-management tool, but SOFR is not a good replacement for Libor,” Wilson said. “Why do we want to start this kind of forced march towards the death of Libor when there are clearly some problems?”He’s not the only one who thinks Libor will live on. “Whether Libor is going to be dead or not in a couple of years is yet to be seen,” CME CEO Terry Duffy said in an October interview. Accenture Plc released a survey in September revealing almost a quarter of global financial firms and corporate users expect Libor’s phase-out to be delayed.Few voices are more prominent than Wilson’s on the subject of rates derivatives and their benchmarks. DRW is one of the biggest high-frequency traders in the world, and it’s a large player in eurodollar contracts, a primary way investors around the globe bet on or hedge against moves in interest rates.The 51-year-old’s roots with those products are deep. He started working in the Chicago Mercantile Exchange’s eurodollar trading pits in 1989. From there, he grew DRW into a company with more than 1,000 employees that’s not only a huge market-maker in futures, options and other conventional financial products, but also a major presence in cryptocurrencies as well as a real-estate and venture-capital investor.SOFR, “a wonderful tool if you’re hedging repo exposure,” can’t easily fill Libor’s shoes, Wilson said. As a secured rate -- because the loans it references are collateralized -- it lacks the credit component of Libor, which involves unsecured transactions. There’s no term structure for SOFR, or maturities beyond overnight. And it’s “affected by exogenous factors in a big way,” Wilson said. That vulnerability was exposed by the mid-September chaos in the U.S. market for repurchase agreements.“We saw in September the repo market basically break, resulting in SOFR trading at a 300-basis-point premium for one night,” Wilson said. Borrowers who saw their interest expense spike because of such a jump would have good reason to be annoyed, he argued. “I just don’t think that that’s a great characteristic for our new benchmark rate to have.”U.S. regulators are clear on where they stand. They want Libor -- which banks were caught manipulating -- gone and for SOFR to take its place. New York Fed President John Williams is fond of counting down to the end of Libor. Speaking on Tuesday, he said the clock stood at roughly 775 days and “only goes one direction.”Officials globally are working on similar transitions, and while details are still being worked out, “the one thing we do know is there’s some point in the future when Libor -- which doesn’t meet standards of a strong, robust reference rate -- won’t be around any more,” Williams said.CME last week proposed plans for what it will do in the event that Libor becomes unavailable to settle eurodollar futures. Basically, it will convert them into SOFR futures, which began trading in May 2018.“If I were running CME, I don’t think I would do anything different,” Wilson said. Volume and open interest for these SOFR products have mounted quickly, but remain dwarfed by eurodollar futures.Williams dismissed criticism of SOFR in his appearance Tuesday. He said that while any transactions-based rate is vulnerable to spikes, SOFR on a three-month average basis “hasn’t been volatile at all.” The New York Fed’s plan to produce SOFR averages and an index by mid-2020 should address concerns, he said.There’s a sense in which killing Libor now seems like a waste, Wilson said. ICE Benchmark Administration, which took over running the rate in 2014, “has put additional things in place to make the Libor reporting more robust,” he said. “Is the benefit of killing Libor -- i.e. moving away from something that is a little bit less tangible to something else -- really worth the risk?”Either way, DRW is already preparing for December 2021. It’s trading CME’s SOFR contracts.To contact the reporters on this story: Elizabeth Stanton in New York at email@example.com;Nick Baker in Chicago at firstname.lastname@example.orgTo contact the editors responsible for this story: Benjamin Purvis at email@example.com, Mark Tannenbaum, Dave LiedtkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The CME Group (CME) on Thursday said it’s going to launch block cheese futures and options next year. Each contract will represent the equivalent of 20,000 pounds of block cheddar cheese. The CME said it will consider launching barrel cheese futures as well, but customer feedback said the immediate need was for block cheese derivatives.
Baidu, Live Nation Entertainment, CME, MarketAxess and Nasdaq highlighted as Zacks Bull and Bear of the Day
CHICAGO , Nov. 14, 2019 /PRNewswire/ -- CME Group , the world's leading and most diverse derivatives marketplace, today announced that it will launch Block Cheese futures and options in January 2020 , ...
(Bloomberg) -- CME Group Inc. plans to start Brazilian soybean futures with the country’s B3 exchange, giving traders a new hedging tool as the U.S.-China trade war disrupts the global flow of beans, people familiar with the matter said.The contract for soybeans loaded at the port of Santos, Brazil’s biggest, would be cash-settled, according to the people, who asked not to be identified because the plan hasn’t been announced. Futures will be based on assessments by a price-reporting agency, most likely S&P Global Platts, the people said.Brazil has become a powerhouse in soybeans and overtook the U.S. as the top exporter in the 2012-13 season. Its dominance grew in the past year as the U.S.-China trade spat prompted Chinese buyers to turn to Brazilian supplies. Price dislocations have also boosted the need for new hedging tools as benchmark futures traded in Chicago are for beans delivered in the U.S.Both B3 and CME declined to comment.CME, which also owns benchmark futures for corn and wheat, had previously confirmed it was considering starting a Brazilian soybean contract. In May, Chief Executive Officer Terry Duffy said the bourse was working on developing risk-management tools for the Brazilian market and that he wanted to ensure changes in trade flows didn’t skew prices.The soybean contract would extend CME’s suite of cash-settled products, which also include Black Sea wheat, corn and Ukrainian sunflower oil. Cash-settled contracts are gaining popularity as agriculture follows the path of energy markets, where thousands of contracts are already based on assessments from price-reporting agencies.\--With assistance from Fabiana Batista and James Attwood.To contact the reporters on this story: Isis Almeida in Chicago at firstname.lastname@example.org;Megan Durisin in London at email@example.comTo contact the editors responsible for this story: Tina Davis at firstname.lastname@example.org, Nicholas Larkin, Liezel HillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.