• CME Group (CME) to Launch Bitcoin Options in Early 2020
    Zacks

    CME Group (CME) to Launch Bitcoin Options in Early 2020

    CME Group (CME) unveils options on Bitcoin Futures to help clients in hedging bitcoin price risk.

  • 10 Best Performing Stocks of S&P 500 ETF
    Zacks

    10 Best Performing Stocks of S&P 500 ETF

    In the recent series of record highs, the S&P 500 crossed the 3,100 level for the first time ever. We have highlighted 10 best performing stocks in ETF that tracks this index.

  • New Strong Sell Stocks for November 14th
    Zacks

    New Strong Sell Stocks for November 14th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • Bloomberg

    CME Plans to Start Brazilian Soybean Futures With B3 Exchange

    (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 ialmeida3@bloomberg.net;Megan Durisin in London at mdurisin1@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Nicholas Larkin, Liezel HillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 1 Brilliant Way to Get Your TFSA to $1,000,000
    The Motley Fool

    1 Brilliant Way to Get Your TFSA to $1,000,000

    The tax-free savings account can help you make a million if you play smart by investing in stocks like Thomson Reuters Corporation.

  • E*TRADE (ETFC) Reports 9% Sequential Growth in October DARTs
    Zacks

    E*TRADE (ETFC) Reports 9% Sequential Growth in October DARTs

    Rise in Daily Average Revenue Trades is likely to support E*TRADE's (ETFC) financials going forward.

  • LPL Financial (LPLA) October Brokerage & Advisory Assets Up
    Zacks

    LPL Financial (LPLA) October Brokerage & Advisory Assets Up

    Steadily rising brokerage and advisory assets will support LPL Financial's (LPLA) top-line growth in the quarters ahead.

  • Libor’s Demise Will Upend How Hugely Popular Derivatives Work
    Bloomberg

    Libor’s Demise Will Upend How Hugely Popular Derivatives Work

    (Bloomberg) -- CME Group Inc. shed light on what could happen to the exchange giant’s most-traded contracts -- eurodollars, which permit bets on interest rates -- if the scandal-plagued Libor benchmark they’re tied to goes away in two years.Officials at CME on Tuesday proposed a methodology for converting eurodollar futures and options to other derivatives at the exchange, ones linked to an alternative benchmark called the Secured Overnight Financing Rate, or SOFR. The plan could be tweaked based on customer feedback.The U.K. regulator that oversees Libor, the Financial Conduct Authority, will stop compelling banks to submit data used to calculate Libor in 2021. CME Chief Executive Officer Terry Duffy said in an October interview that the benchmark isn’t guaranteed to go away then. But Libor is so deeply embedded in the global financial system that even a slim chance it disappears means contingency planning is necessary.CME officials Sunil Cutinho and Agha Mirza said on a Tuesday webinar what would happen if there’s a “fallback trigger,” meaning the FCA or ICE Benchmark Administration, the company that maintains Libor, says the index won’t be provided anymore. In that case, eurodollar futures would be turned into SOFR futures, converted to the same month’s expiration at a price determined by the pre-fallback eurodollar price plus a spread adjustment.Eurodollar options would continue to be listed because converting them “would result in non-standard strike prices different to the standard listed strike prices” for SOFR options, Cutinho said. However, upon exercise, the resulting “synthetic” eurodollar futures contract would convert immediately into a corresponding SOFR futures contract.“Without a fallback trigger, the eurodollar complex will remain unchanged,” Mirza said. “Eurodollar futures and options remain deeply liquid and continue to grow year after year.”The stakes are high for CME, given that eurodollar futures are the most-traded interest-rate derivatives tracked by the Futures Industry Association. Almost 380 million of them changed hands during the first half of the year, according to the trade group. Libor is currently used to settle $67 trillion in listed products including eurodollar futures and options, Cutinho said.CME plans to offer customers support in converting their eurodollar options to SOFR options, which are slated to debut on Jan. 6, Cutinho and Mirza said. Also, in the event of a fallback trigger, CME would immediately create new contracts to fill in any gaps where there are eurodollar expirations but not corresponding ones for SOFR.CME’s proposed methodology aligns with the International Swaps and Derivatives Association’s proposed methodology for settling swaps in the event that Libor production ceases, exchange officials said.To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.netTo contact the editors responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net, Nick Baker, Mark TannenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • UPDATE 1-EEX Group buys commodities business of Nasdaq Futures
    Reuters

    UPDATE 1-EEX Group buys commodities business of Nasdaq Futures

    Energy exchange EEX Group said on Tuesday it had agreed with U.S.-based Nasdaq Futures (NFX) to buy NFX's futures and options exchange business as it continued to expand its presence in U.S. energy markets and in sea-borne commodities. Under the deal, EEX, part of Deutsche Boerse, would receive NFX' core assets, it said in a statement.

  • Intercontinental (ICE) to Launch Futures Exchange in Abu Dhabi
    Zacks

    Intercontinental (ICE) to Launch Futures Exchange in Abu Dhabi

    Intercontinental Exchange's (ICE) futures exchange to enable trading in Murban crude-oil future contracts.

  • MarketAxess (MKTX) Up 70% This Year: Is Further Upside Left?
    Zacks

    MarketAxess (MKTX) Up 70% This Year: Is Further Upside Left?

    MarketAxess (MKTX) is driven by growth in business and market share and strong capital position.

  • Thomson Reuters StreetEvents

    Edited Transcript of VIRT earnings conference call or presentation 5-Nov-19 1:30pm GMT

    Q3 2019 Virtu Financial Inc Earnings Call

  • Oilprice.com

    Oil Majors Team Up To Launch World’s Newest Crude Exchange

    Some of the world’s biggest energy traders are coming together to launch a new crude oil futures exchange in Abu Dhabi

  • Douglas Cifu Is The CEO & Director of Virtu Financial, Inc. (NASDAQ:VIRT) And They Just Spent US$325k On Shares
    Simply Wall St.

    Douglas Cifu Is The CEO & Director of Virtu Financial, Inc. (NASDAQ:VIRT) And They Just Spent US$325k On Shares

    Potential Virtu Financial, Inc. (NASDAQ:VIRT) shareholders may wish to note that the CEO & Director, Douglas Cifu...

  • The Executive VP & CFO of Thomson Reuters Corporation (TSE:TRI), Stephane Bello, Just Sold 49% Of Their Holding
    Simply Wall St.

    The Executive VP & CFO of Thomson Reuters Corporation (TSE:TRI), Stephane Bello, Just Sold 49% Of Their Holding

    Some Thomson Reuters Corporation (TSE:TRI) shareholders may be a little concerned to see that the Executive VP & CFO...

  • Why MarketAxess (MKTX) Stock Might be a Great Pick
    Zacks

    Why MarketAxess (MKTX) Stock Might be a Great Pick

    MarketAxess (MKTX) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

  • Does Intercontinental Exchange, Inc. (NYSE:ICE) Have A Good P/E Ratio?
    Simply Wall St.

    Does Intercontinental Exchange, Inc. (NYSE:ICE) Have A Good P/E Ratio?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show...

  • Abu Dhabi to Open ICE-Operated Exchange for Murban Oil Futures
    Bloomberg

    Abu Dhabi to Open ICE-Operated Exchange for Murban Oil Futures

    (Bloomberg) -- Oil-rich Abu Dhabi plans next year to start a commodities exchange to offer trading in the emirate’s first crude futures contract.The platform will be based in Abu Dhabi’s financial district and operated by Intercontinental Exchange Inc., according to people with knowledge of the situation. Atlanta-based ICE will be the majority owner, with Abu Dhabi National Oil Co. and several European and Asian oil companies and traders taking minority stakes, the people said, asking not to be identified because the information isn’t public.Media officials for ICE and government-run Adnoc declined to comment.Although oil producers across the Persian Gulf pump about a fifth of the world’s oil, they have never had a region-wide, exchange-traded crude benchmark. Adnoc wants the new futures contract for its flagship Murban crude to eventually serve that function.Futures trading “is going to capture more value” from the sales, U.A.E. Energy Minister Suhail Al-Mazrouei said Wednesday. Abu Dhabi’s production and reserves are large enough to support Murban as a benchmark, though “we will wait and see” whether regional producers adopt the contract as a basis for pricing, he told reporters.Adnoc confirmed this week that it would offer futures in its Murban grade during the second or third quarter of 2020, without specifying where the contract would be listed. Murban is Adnoc’s most plentiful grade, at about 1.7 million barrels a day, and accounts for more than half of the crude pumped in the United Arab Emirates. Abu Dhabi holds most of the oil in the U.A.E., the third-largest producer in the Organization of Petroleum Exporting Countries.Abu Dhabi won’t be the first regional producer to offer futures contracts for its crude. Oman and the neighboring U.A.E. emirate of Dubai joined with CME Group Inc. in 2007 to start the Dubai Mercantile Exchange to trade Omani crude futures. Oman, Dubai and Saudi Arabia are the only producers in the Gulf to price off the contract; most of the others base their monthly crude pricing on the Dubai and Oman crude price assessments by S&P Global Inc.’s Platts.Murban is lighter and contains less sulfur than most Middle Eastern crudes, making it easier to refine. It generally fetches higher prices on global markets and is similar in quality to Brent crude, the global benchmark. Brent crude futures are traded on the London-based ICE Futures Europe Exchange.\--With assistance from Mahmoud Habboush.To contact the reporter on this story: Anthony DiPaola in Dubai at adipaola@bloomberg.netTo contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net, Bruce StanleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • This city has the most green office space
    Yahoo Finance

    This city has the most green office space

    More than 70% of Chicago’s office buildings are green certified, one study found.

  • Thomson Reuters StreetEvents

    Edited Transcript of NDAQ earnings conference call or presentation 23-Oct-19 12:00pm GMT

    Q3 2019 Nasdaq Inc Earnings Call

  • The Zacks Analyst Blog Highlights: Thomson Reuters, CBIZ, Knoll, Copart and Yext
    Zacks

    The Zacks Analyst Blog Highlights: Thomson Reuters, CBIZ, Knoll, Copart and Yext

    The Zacks Analyst Blog Highlights: Thomson Reuters, CBIZ, Knoll, Copart and Yext

  • Zacks.com featured highlights include: US Foods, Genesco, Thomson Reuters, FTI Consulting and Ellington Financial
    Zacks

    Zacks.com featured highlights include: US Foods, Genesco, Thomson Reuters, FTI Consulting and Ellington Financial

    Zacks.com featured highlights include: US Foods, Genesco, Thomson Reuters, FTI Consulting and Ellington Financial

  • Interactive Brokers Stock Declines on Lower October DARTs
    Zacks

    Interactive Brokers Stock Declines on Lower October DARTs

    Decline in Daily Average Revenue Trades is likely to hurt Interactive Brokers' (IBKR) top- line growth to some extent.

  • Is MarketAxess Holdings Inc.'s (NASDAQ:MKTX) CEO Paid At A Competitive Rate?
    Simply Wall St.

    Is MarketAxess Holdings Inc.'s (NASDAQ:MKTX) CEO Paid At A Competitive Rate?

    Rick McVey has been the CEO of MarketAxess Holdings Inc. (NASDAQ:MKTX) since 2000. This analysis aims first to...

  • Virtu Financial (VIRT) Misses Q3 Earnings Estimates
    Zacks

    Virtu Financial (VIRT) Misses Q3 Earnings Estimates

    Virtu Financial (VIRT) delivered earnings and revenue surprises of -4.55% and 0.44%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?