Banking, finance, and taxes
NYSE Going Further Into Futures & Derivatives (NYX, CME)
Published:
NYSE Euronext (NYSE: NYX) and CME Group, Inc. (NYSE: CME) announced late today that NYSE would purchase CME Group’s Metals Complex.
NYSE noted that trading of full and e-mini contracts in gold and silver futures and options on futures contracts would begin later this year on LIFFE CONNECT, which is the NYSE Euronext’s derivatives trading system. The deal and the trading launches are of course subject to regulatory approvals.
The precious metals derivatives contracts currently trade on the e-CBOT, an electronic trading platform managed by Atos Euronext Market Solutions and powered by LIFFE CONNECT. NYSE Euronext will acquire the CBOT Metals Complex from the CME Group, including its volume and open interest, and CME will provide clearing services for up to 1-year. In 2007, the CME Group Metals Complex traded more than 11 million contracts, an average daily volume of more than 45,000 contracts.
This might have been slightly larger news if they would have chosen any other day to announce this.
Jon C. Ogg
March 14, 2008
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
