Correspondent, Chicago
Ann's Feed
May 3, 2013
May 2, 2013

CBOE blames second outage on move toward longer trading day

By Ann Saphir

(Reuters) – The Chicago Board Options Exchange blamed its second outage in a week on problems relating to preparations to extend its trading day, but executives reiterated their commitment to the project and said they would hire an outside consultant to help.

The start of trading in one of 25 business “clusters” of stock options was delayed Thursday morning for about 10 minutes, with the system unable to handle complex orders in all affected products for the first 34 minutes of the trading day, CBOE said in a memo to clients.

May 2, 2013
May 2, 2013
May 2, 2013
May 2, 2013

CME Group first-quarter profit falls, matches Wall St. view

By Ann Saphir

(Reuters) – CME Group Inc (CME.O: Quote, Profile, Research, Stock Buzz), the world’s largest futures exchange operator, reported a drop in first-quarter profit as trading in some of its more lucrative products slumped and average revenue per trade fell.

Net income declined to $235.8 million, or 71 cents a share, from $266.6 million, or 80 cents a share, a year earlier, the Chicago-based company reported on Thursday.

May 2, 2013

CME Group Q1 profit falls, matches Wall St view

May 2 (Reuters) – CME Group Inc, the world’s largest
futures exchange operator, reported a drop in first-quarter
profit as trading in some of its more lucrative products slumped
and average revenue per trade fell.

Net income declined to $235.8 million, or 71 cents a share,
from $266.6 million, or 80 cents a share, a year earlier, the
Chicago-based company reported on Thursday.

May 2, 2013
May 2, 2013
May 1, 2013
    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
    • More from Ann

    • Follow Ann