CHICAGO (Reuters) – The Federal Reserve should start to trim its massive bond-buying program next week, and spell out a clear path for phasing it out altogether, a top Fed official said on Monday.
“It is time to taper,” Dallas Federal Reserve Bank President Richard Fisher said in remarks prepared for delivery to the DTN/The Progressive Farmer Ag Summit in Chicago.
CHICAGO, Dec 9 (Reuters) – A top U.S. Federal Reserve
official on Monday suggested that farmers consider a path toward
internationally accepted standards for genetically modified
crops, following rejections of U.S. corn shipments by China.
Dallas Federal Reserve Bank President Richard Fisher told a
gathering of farmers in Chicago that it was important that the
“revolution of genetic modification be responsibly carried
forward” to avoid threatening trade.
CHICAGO, Dec 2 (Reuters) – November was not kind to Archer
Daniels Midland Co.
The Illinois-based grain trader suffered two blows in two
weeks last month when Australia rejected its planned takeover of
GrainCorp Ltd and the Obama administration proposed the
first-ever cuts to requirements for use of U.S. biofuel produced
CHICAGO, Nov 29 (Reuters) – Illinois union leaders on Friday
criticized the details of a controversial deal to reform the
state’s woefully under-funded public pensions, as legislative
leaders revealed more specifics of the deal they reached on
The agreement contains proposals to raise the retirement age
and reduce automatic increases in pension payments, according to
an overview of the bill released by the office of powerful
Illinois House Speaker Michael Madigan.
CHICAGO, Nov 22 (Reuters) – CME Group Inc, the
world’s largest futures exchange operator, may consider minor
modifications to its plan to raise fees for traders in response
to complaints from customers, a futures executive who met with
company officials said on Friday.
However, the operator of the Chicago Board of Trade and
Chicago Mercantile Exchange will not cancel its first
substantial fee increases in five years, said Leslie Rosenthal,
a managing member for brokerage Rosenthal Collins Group.
CHICAGO (Reuters) – CME Group Inc (CME.O: Quote, Profile, Research, Stock Buzz), the world’s largest futures exchange operator, on Tuesday said it will plow ahead with plans to hike fees for traders despite an outcry from customers fuming over higher costs.
CME, which owns the Chicago Mercantile Exchange and Chicago Board of Trade, said it had been “mindful and sensitive” of its clients when determining a schedule for higher fees announced last week.
CHICAGO, Nov 19 (Reuters) – CBOE Holdings Inc is
open to licensing new products and acquiring technology but only
within its options-focused comfort zone, top executives said on
CBOE, which owns the largest U.S. stock-options market, is
interested in new products the company can offer exclusively or
semi-exclusively, Chief Executive Ed Tilly said in a webcast of
a Keefe, Bruyette & Woods conference in New York.
SAN FRANCISCO/CHICAGO, Nov 15 (Reuters) – CME Group Inc
, the world’s largest futures exchange operator, said
Friday that its clearing service for energy and other swaps was
“the victim of a cyber intrusion” in July, sparking a federal
Some customer information on CME’s ClearPort clearing
service was compromised, it said, but there is no evidence that
trades on CME’s electronic system were adversely impacted or
that CME’s other clearing services were disrupted. ClearPort
handles nearly half a million contracts a day.
CHICAGO (Reuters) – An insurance program to protect U.S. futures traders from financial losses when a brokerage collapses would come at a high cost, according to a study released on Friday.
The study, commissioned last year by exchange-operator CME Group Inc (CME.O: Quote, Profile, Research, Stock Buzz) and three industry organizations, analyzed the potential costs and benefits of four insurance models, including government-mandated coverage. It did not make a recommendation on whether any option should be pursued.
CHICAGO (Reuters) – CME Group Inc (CME.O: Quote, Profile, Research, Stock Buzz), the largest U.S. futures exchange operator, on Tuesday said it would increase transaction fees for nearly all its major products next year after making investments in resources and technology.
Starting on January 1, CME will raise fees for trading in Treasuries, energy, metals, currencies, and stock-index futures.