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NYMEX Board Reaffirms Commitment to Acquiring Up to 70% of IPE

Date 06/08/1999

The New York Mercantile Exchange (NYMEX) board of directors on Wednesday night finalized the terms of its offer to acquire up to 70% of the International Petroleum Exchange (IPE), under similar terms and conditions to those presented to the IPE by the outside investor group known as Plan B and called upon the IPE to appoint a negotiating committee so that an agreement in principle can be reached by September 17.
HKFE Releases Analysis of 31 July HKATS Test

Date 06/08/1999

The Hong Kong Futures Exchange (HKFE) said today that it has sent an analysis of the 31 July simulated trading test of its HKATS electronic trading system to its Members. (A copy of the Member Circular accompanies this press release and the Circular has been posted on the HKFE's website: hkfe.com, under "Membership".)
CME E-mini S&P 500 Futures Set New Volume Mark

Date 06/08/1999

Volume in E-mini S&P 500 on the Chicago Mercantile Exchange (CME) today set a new record for the second time this week, as 60,366 contracts were traded on the GLOBEX®2 trading system. The new mark is the first time single-day volume has surpassed 60,000 contracts and follows Tuesday's record volume of 56,773 contracts.
New Records Set at IPE

Date 05/08/1999

The IPE has seen yet more record volumes in 1999. Yesterday, the IPE's Gas Oil futuresreached new levels when the contract traded 57,778 lots compared to the previous high set on 11 January 1996 when 56,332 lots traded. Russia's decision to severely reduce exports of gas oil, fuel oil and gasoline was the apparent reason for the increase in activity according to brokers.
CME & LIFFE Form Strategic Partnership

Date 05/08/1999

The Chicago Mercantile Exchange (CME) and the London International Financial Futures and Options Exchange (LIFFE) today announced the formation of a strategic partnership between the exchanges.

CBOT To List Municipal Bond Contracts At Six Percent

Date 05/08/1999

The Chicago Board of Trade announced today that beginning August 9, 1999, it will list the 6 percent Bond Buyer Municipal Bond contract. Currently, the contract is based on an 8 percent contract. The change will take effect with the March, June and September 2000 contracts.
NYMEX Natural Gas Trading Sets Monthly Volume Record

Date 04/08/1999

Natural gas futures trading set a monthly volume record in July on the New York Mercantile Exchange when 1,865,787 contracts were traded, surpassing the previous record of 1,788,528 contracts traded this past March.
Merc Lauds USDA On Renewal Of Dairy Options Pilot Program - USDA Announces Second Round Of Innovative Risk Management Tool

Date 04/08/1999

The Chicago Mercantile Exchange (CME) today lauded U.S. Agricultural Secretary Dan Glickman and the U.S. Department of Agriculture's (USDA) Risk Management Agency (RMA) for expanding its Dairy Options Pilot Program (DOPP) to enable dairy farmers from an additional 61 counties in 25 states to manage the downside price risk related to their milk production. In Round II of the program announced by Secretary Glickman, milk producers from a total of 98 counties in 31 states will be able to participa
MATIF Trading Down But Open Interest Up in July

Date 04/08/1999

Open interest on index and equity derivatives rose 19.2% in July, and was up 9.2% for interest-rate derivatives despite a 21.5% decline in the number of lots traded to 12,165,324.
LIFFE trades £194BN per day in July 1999

Date 04/08/1999

The nominal value of contracts traded on the London International Financial Futures and Options Exchange (LIFFE) averaged £194 billion daily during July 1999.