CME sets sights on NYSE Euronext and Deutsche Boerse - News and Current Events | futures io social day trading
futures io futures trading


CME sets sights on NYSE Euronext and Deutsche Boerse
Updated: Views / Replies:219 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

CME sets sights on NYSE Euronext and Deutsche Boerse

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

CME sets sights on NYSE Euronext and Deutsche Boerse

LONDON (Reuters) - CME Group Inc (CME), the main U.S. futures market, plans to launch a European derivatives exchange in a challenge to NYSE Euronext (NYX) and Deutsche Boerse (DB1.DE), which dominate the European futures business.

The CME, which runs the Chicago Mercantile Exchange, said on Monday it was applying to the British Financial Services Authority for approval to open in the middle of next year a London-based market trading currency futures.

"Our application to establish an exchange in Europe fits within our strategy to grow organically and is an important next step to meet the growing regional demand from our customers," said CME Chief Phupinder Gill.

Robert Ray, CME's managing director of products and services, will become chief executive officer of CME Europe, the company said.

"Launching with a suite of foreign exchange products allows us to leverage our 40 years of experience in FX futures for customers in the region who access the futures market during the London business day, but we also plan to look at expanding into additional asset classes," said Gill.

The announcement made in a regulatory filing marks a major step forward in the CME's European plan and represents a threat to NYSE and Deutsche Boerse, which dominate European futures with their Liffe and Eurex exchanges.

RIVAL PRODUCTS

"In the short term this is a only a minor threat to NYSE and Deutsche Boerse because the CME is not launching a competing product, though they could well offer rival products over time," said Richard Perrott, an exchange analyst at Berenberg Bank.

NYSE's Liffe and the Boerse's Eurex have over 90 percent of trading in some European contracts and it was the threat of a monopoly that forced the competition authorities to block the planned merger between those exchanges earlier this year.

The CME, which also runs the Chicago Board of Trade and the New York Mercantile Exchange, has a fight on its hands, however, as the incumbents will likely defend aggressively their home markets.

"It tends to be difficult for new entrants to compete directly with incumbents in futures trading. The CME will need to offer something different in Europe, perhaps in terms of technology or clearing, and it is not immediately obvious what that will be," said Perrott.

The move comes as European regulators look to overhaul the region's derivatives business by encouraging competition in futures trading and standardizing the vast and largely unregulated over-the-counter (OTC) derivatives.

The authorities want to make large chunks of the $700 trillion OTC derivatives market, which is traded privately between banks and hedge funds, trade more like exchange-based products such as shares.

"There could be opportunities for the CME as the provider of clearing and trading services as regulators seek to push the market away from its current largely uncleared, largely bilateral, and largely voice-brokered model," said Perrott.

Regulators are keen to shake up OTC derivatives to tackle some systemic problems that arose after the collapse five years ago of Lehman Brothers, a big OTC trading bank.


CME sets sights on NYSE Euronext and Deutsche Boerse - Yahoo! Finance

Reply With Quote

Reply



futures io > > > > CME sets sights on NYSE Euronext and Deutsche Boerse

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
NYSE hit by weak trading and failed Deutsche Boerse deal kbit News and Current Events 0 April 30th, 2012 07:14 AM
D.Boerse, NYSE eye options as deal fails kbit News and Current Events 0 February 1st, 2012 08:34 PM
Deutsche Boerse, NYSE deal wins U.S. approval kbit News and Current Events 0 December 22nd, 2011 03:45 PM
Putin sets sights on Eurasian economic union kbit News and Current Events 0 August 17th, 2011 10:59 PM
NYSE, Deutsche Boerse Agree To Create Global Exchange Quick Summary News and Current Events 0 February 15th, 2011 11:30 AM


All times are GMT -4. The time now is 06:46 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.08 seconds with 19 queries on phoenix via your IP 54.90.92.204