Breaking News

Tag Archives: CBOT

Jim Oliff is Good to Go Blog,Commentary,Exchanges, OTC & Clearing,Mwiki

When Jim Oliff resigned from the CME Group board a couple of weeks ago several friends reached out to him to check on his health. They figured such a sudden exit from the CME board of directors after 31 years must be because of a health problem. That is not the case. Jim Oliff is healthy, wealthy and wise. The wealthy and wise parts are a combination of being a CME member and having earned a wealth of experience and industry knowledge from his years as a key insider at the CME during its ascendency over the last 30+ years….

Vision: What Richard Sandor Saw And Still Sees In Carbon Markets Feature,Video

Richard Sandor has seen just about everything in his career as the “father of financial futures.” From creating the first interest rate futures contract to founding the Chicago Climate Exchange, he tells it all in his latest book,  “How I Saw It: Analysis and Commentary on Environmental Finance”. He spoke with John Lothian News about just how far carbon markets have come since 1999. “It’s amazing to me, where we came from in the last two decades and during the period of this book, from 1997 or 1999 to 2005,” Sandor said. “What became a theoretical construct became a reality…

Credit Suisse Probe Opens Old Wounds; Trump Wants a Pro-Business SEC. That Has Some Investors Worried; Goldman warns Federal Reserve over commodity trading rules fallout John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian William “Bill” Hagerty, Jr., former Chairman of the Chicago Board of Trade and one of the industry’s great gentlemen, has passed away at the age of 87. Bill was the head of what was once the longest tenured member firm of the CBOT, Hagerty Grain, and was a customer of mine when I was a broker. From that relationship I had the opportunity to get to know Bill and came to respect him greatly. When I ran for the NFA Board of Directors back in the early 2000s as an Introducing…

Billy Assimos, the Face of Ceres Blog

Along with the hand signals and colorful jackets, Ceres Cafe, the bar/restaurant housed in the Chicago Board of Trade Building, has long been a tradition in the Chicago trading world, and it has changed along with that world. For many traders and others who work in and around the building, Ceres has been like a second home – or second office – where they could go to catch up with other traders and brag or commiserate about the day’s trading action, gossip, eat, and enjoy the generous pours that the place is famous for (along with their famed oversized fried…

Paul-André Jacot; The Story of a Man, an Organization and a Conference; I Will Go To Bürgenstock This Year In Honor of Paul-André Blog,Regulation

Paul Meier, the longtime chairman and now honorary chairman of the Swiss Futures and Options Association, has written a tribute to his friend and SFOA colleague, the late Paul-André Jacot, who passed away last week. The tribute is about Paul-André, but it is also about the SFOA, its history and the Bürgenstock conference. While Paul-André has left this world for the next, the Bürgenstock conference still hangs on despite many predictions of its demise. The SFOA and Bürgenstock are part of my history too. Bürgenstock was my first overseas conference as the writer of this newsletter back in 2004. It…

Dear CFTC: Give Us 90 Days Blog,Commentary,Tech / HFT

CFTC

Some representatives from the CME Group trading floor at the Chicago Board of Trade don’t believe they are being heard by exchange leaders or regulators. More importantly, they don’t believe the interests of their customers are being heard. To rectify that, they are asking the U.S. Commodity Futures Trading Commission to delay the closing of the pits and to conduct a 90-day public comment period for the rule change the CME Group seeks to allow closure of the futures trading pits. The issue they are concerned about is something called “user-defined spreads.” There are customers across various trading pits and…

Larry Schneider: Reflections on a 60-Year Love Affair with Trading Floors and Open Outcry Blog

CME Group’s announcement to all but end open outcry was, as we all knew, never a matter of IF, but only of WHEN. I have spent a lifetime visiting and working on trading floors and believe I am in a unique position to wax nostalgically. I first stepped foot on the original CME floor at 110 N. Franklin in the early 1950’s, to visit my father and grandfather. Back then guests of members to could freely walk the floor and enter without an age restriction. I thrilled at being in the Visitors Gallery at the CBOT in the 1960s and…

Ray Cahnman, chairman, Transmarket Group – Me, Us & You: How Trading Works Video

“Opportunities today are even greater. Competition, however…is brutal. “ Ray Cahnman, chairman of Transmarket Group, begins his presentation with a list of books, movies and news stories he recommends that give a glimpse into the financial industry. He then discusses how he entered the financial industry and how the opportunities and challenges facing the industry have evolved. Cahnman remembers how trading used to be about the individual trader and how no one wanted to divulge their secrets to success. Today, trading has turned into a team effort, especially with the role technology is playing. Cahnman says that the trading ecosystem…