News Centre

CME Group Reaches New Milestones In Aluminum Futures As New Clients Double

Date 01/05/2024

CME Group, the world's leading derivatives marketplace, today announced that the number of market participants trading Aluminum futures has doubled since last year, reaching 406 unique accounts in April, while ADV was up 70% year-over-year, and average daily open interest increased 11%. 

CFTC Chairman Behnam Designates Ted Kaouk As The CFTC’s First Chief Artificial Intelligence Office

Date 01/05/2024

Commodity Futures Trading Commission Chairman Rostin Behnam today announced the designation of Dr. Ted Kaouk as the agency’s first Chief Artificial Intelligence Officer. Dr. Kaouk currently serves as the CFTC’s Chief Data Officer and Director of the Division of Data. In this newly expanded role as the CFTC’s Chief Data & Artificial Intelligence Officer, Dr. Kaouk will be responsible for leading the development of the CFTC’s enterprise data and artificial intelligence strategy to further integrate CFTC’s ongoing efforts to advance its data-driven capabilities. 

CFTC Commissioner Pham To Speak At City Week 2024

Date 01/05/2024

CFTC Commissioner Pham To Deliver Keynote At Rutgers Law School Fintech And Blockchain Symposium

Date 01/05/2024

SIFMA’s Quantum Dawn VII Exercises Industry Preparedness For A Critical Third-Party Outage

Date 01/05/2024

SIFMA today released the after-action report from its biennial Quantum Dawn VII cybersecurity exercise conducted in November 2023.  The exercise engaged over 1,000 participants from more than 170 public and private sector institutions around the globe, including financial firms, central banks, regulators, and law enforcement entities.  The exercise simulated a scenario with a data destruction event at a critical third-party widely used by the global financial sector to trade in the Treasury and repo markets and hosted in the cloud.  As the scenario progressed, it was discovered that the cause of the outage was due to an issue with a third-party.

CFTC Commissioner Mersinger To Participate In A Fireside Chat At The Environmental Markets Conference

Date 01/05/2024

Kroll Appoints Jennifer Huntington As Chief Operating Officer - Dynamic Global Business Operations Executive Joins Kroll To Drive Operational Excellence At Scale And Accelerate Growth

Date 01/05/2024

Kroll, the leading independent global risk and financial advisory solutions firm, announced today the appointment of Jennifer Huntington as Chief Operating Officer. In this role, Huntington will oversee Kroll’s global business operations and technology function to drive greater consistency, discipline and operational excellence across the firm’s professional and corporate shared service capabilities in support of Kroll’s growth strategy.

LME Launches Carbon Border Adjustment Mechanism Consultation And Broader Sustainability Discussion Paper

Date 01/05/2024

The London Metal Exchange (LME) today announced the launch of its consultation on the proposed integration of the EU Carbon Border Adjustment Mechanism (CBAM) requirements into the LME rules in order to support the aluminium market and value chain on implementing this pivotal environmental policy. In addition, the LME has issued a discussion paper, which seeks to further develop the LME’s existing sustainability agenda, seeking views on proposals to drive forward initiatives that underpin the global transition to a sustainable economy.

OCC Announces Director Elections At Annual Stockholder Meeting

Date 01/05/2024

OCC, the world's largest equity derivatives clearing organization, today announced the election of two Class II Member Directors and a Class III Public Director, as well as the appointment of five Exchange Directors, to its Board of Directors. In addition, OCC announced the election of Andrej Bolkovic, OCC Chief Executive Officer, as the Management Director. The vote took place during OCC’s annual stockholder meeting on April 19, 2024. 

ICE Aligns Midland WTI (HOU) Crude Quality Specifications To Match U.S. Physical Gulf Coast Crude Cargoes

Date 01/05/2024

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that its ICE Midland WTI (ICE:HOU) futures contract is now further aligned with Midland WTI crude oil deliverable into Dated Brent and the rest of the Brent complex after ICE updated the quality specifications of the crude deliverable into the contract.