Banks’ pullback from commodities trading is weakening the link between raw materials and equities and helping to re-establish supply and demand as the main factor in setting prices, United Nations researchers say.
A group of Chicago Board of Trade members lost a bid for a court order pausing the exchange’s shift from determining final settlement prices based on trading floor shouting to a method incorporating electronic trades.
Jon Corzine, the former chief executive officer of MF Global Holdings Ltd., knew that the company made a loan out of segregated customer accounts before it went bankrupt, CME Group Inc. chairman Terrence Duffy told the U.S. Senate.
A proposed U.S. rule meant to protect futures customers’ money in a collapse like MF Global Holdings Ltd. could “fundamentally change” how the market functions, according to Terrence Duffy, executive chairman of CME Group Inc.
A group of Chicago Board of Trade brokers and traders who practice the traditional method of completing trades with shouting and hand signals are asking an Illinois judge to block new settlement rules they claim hurt their livelihoods.