News Centre

CME Group To Host A Four-Part Online Series For Careers In The Futures Industry

Date 18/11/2008

CME Group, the world's largest and most diverse derivatives exchange, today announced it will host a four-part online series called Careers in the Futures Industry that will feature representatives from across the futures industry.

TMX Group Hosts Analyst Day On November 21, 2008 “Integrate – Enhance – Innovate”

Date 18/11/2008

TMX Group Inc. (TSX:X) will hold its 2008 Analyst Day on Friday, November 21, 2008 at the TSX Broadcast Centre Gallery. The event will provide a detailed overview of the Company’s key strategies and growth initiatives.

NASDAQ OMX Announces October 2008 Market Performance Statistics For U.S. And Nordic Exchanges - NASDAQ Sets Multiple Records And Extends Consecutive Monthly Lead In Matched Market Share Among All U.S. Exchanges

Date 18/11/2008

The NASDAQ OMX Group, Inc.(sm) (Nasdaq:NDAQ) today announced consolidated market performance statistics for its U.S. and Nordic exchanges for the month of October 2008.

ICE Futures U.S. Announces Change To Electronic Trading Hours For Agricultural Futures And Options Contracts

Date 18/11/2008

ICE Futures U.S.(R), a wholly-owned subsidiary of IntercontinentalExchange, Inc. (NYSE: ICE), announced changes to electronic trading hours for certain agricultural futures and options contracts. Effective with the start of trading on Monday, December 1, 2008, the trading day for the following products will end at 2:45 pm ET: Cocoa, Coffee "C" and Robusta Coffee, Cotton No. 2, FCOJ, Sugar No. 11(R), Sugar No. 14(R), Sugar No. 16(R), RJ-CRB Index, and CCI Index.

SEC Charges Banker And Brokerage Executives With Multi-Million Dollar Financial Fraud - Trader At Bank Of Montreal Colluded With Brokerage Firm To Overvalue Bank's Portfolio By Hundreds Of Millions Of Dollars

Date 18/11/2008

The Securities and Exchange Commission today charged four individuals for engaging in a fraudulent scheme to overvalue the commodity derivatives trading portfolio at Bank of Montreal (BMO), and thereby inflate BMO's publicly reported financial results. The defendants include a former senior derivatives trader at BMO and the top two senior executive officers of Optionable, Inc., a publicly traded commodities brokerage firm.

KCBT Wheat Daily Price Limit At 60 Cents - Daily Price Limit For Trade Date November 19, 2008 At 60 Cents

Date 18/11/2008

Price limits for KCBT hard red winter wheat futures are at 60 cents for trade date November 19, 2008 (effective with the November 18 evening session).

JonesTrading Names Steen To Head Global Derivatives And Canadian Equities - Industry Vet To Lead Initiatives, Expand Jonestrading Model

Date 18/11/2008

JonesTrading Institutional Services LLC, a leading agency brokerage, which provides institutions with agency block trading in securities, announced today that it has recruited industry veteran Tom Steen to head its global derivatives business. Mr. Steen will also head up an expansion of JonesTrading's Canadian Equity platform. He will be Managing Director, reporting to Will Geyer, JonesTrading President and CEO, and to Steve Tullar, National Sales Manager.

CFTC Charges Former Energy Trader David P. Lee With Fraud For Mis-Marking Bank Of Montreal’s Natural Gas Options Book To Exaggerate Trading Profitability; Kevin Cassidy And Others Charged With Assisting Lee In The Fraud

Date 18/11/2008

The U.S. Commodity Futures Trading Commission (CFTC) announced today its filing of a five-count complaint in the U.S. District Court for the Southern District of New York, charging David P. Lee, a former trader for the Bank of Montreal (BMO), with mis-marking and mis-valuing the bank’s natural gas options book and deceiving the bank. The complaint also charges Optionable, Inc., and its former senior executives Kevin Cassidy and Edward O’Connor, with deceiving BMO.

Carbon Capture And Storage Technology Needs Prompt And Direct Financial Commitment Say MEPs

Date 18/11/2008

New BLOOMBERG TRADEBOOK Electronic FX Marketplace Goes Live With Bank Of America As Central Counterparty

Date 18/11/2008

Bloomberg Tradebook Services LLC ("Bloomberg Tradebook") has launched its new electronic foreign exchange trading platform on the BLOOMBERG PROFESSIONAL service. The new BLOOMBERG TRADEBOOK(R) FX platform utilizes Bank of America (NYSE: BAC), one of the world's largest financial institutions, as clearing and settlement counterparty.