Posts Tagged ‘CME’

  • Does Any Exchange Run a Fair Market?
    Posted by on June 6th, 2014 at 8:08 am, Comments: 0

    Michael Lewis book Flash Boys says the markets are rigged.  He is wrong. Rigged is the wrong word to use.  At the $CME annual meeting, [...]

  • The CME B Issue
    Posted by on May 22nd, 2014 at 7:09 am, Comments: 0

    Yesterday was $CME’s annual meeting.  I didn’t attend, but listened to a bit of it while it was live streamed through their website.  CME has [...]

  • Who’s Looking Out for the Little Guy?
    Posted by on March 8th, 2014 at 8:03 am, Comments: 0

    Steve Zwick wrote a nice article in Futures Magazine.  Here is the link to the entire article.  I would suggest reading the whole thing.  It [...]

  • Treasuries Wild? Wait Until the Fed Really Tapers
    Posted by on December 24th, 2013 at 9:02 am, Comments: 0

    Yesterday a reader sent me an email.  He is going to remain anonymous, but he asked me to write about what happened in the US [...]

  • Has CME Finally Broken the Curse?
    Posted by on May 31st, 2013 at 7:20 am, Comments: 0

    If you have owned $CME stock since 2007-08, you have felt some pain.  Performance has been woeful.  Macroeconomic effects didn’t help-and government regulation didn’t help-and [...]

  • Interesting and Thoughtful Response On Oversight and Regulation
    Posted by on April 29th, 2013 at 5:21 am, Comments: 0

    Recently, Crain’s Chicago ran a series of stories on the futures industry.  I was quoted in one of the stories suggesting the Federal government has [...]

  • Who Controls Your Reputation?
    Posted by on December 29th, 2012 at 8:36 am, Comments: 0

    When I was taking classes at the University of Chicago for my MBA there were a lot of interesting classes. Of course, the regimental numbers [...]

  • ICE And NYX Sitting in A Tree
    Posted by on December 20th, 2012 at 8:07 am, Comments: 0

    The $ICE exchange is viewed by many old time $CME members as an upstart.  If one were categorizing exchanges and their business models, ICE would [...]

  • MF Global and CME
    Posted by on February 22nd, 2012 at 10:34 am, Comments: 0

    Today I am doing a lunchtime presentation on CME ($CME) and MF Global at the University Club in Chicago. The staid club doesn’t allow tweeting [...]

  • LIBOR Rate Manipulation
    Posted by on February 17th, 2012 at 8:40 am, Comments: 0

    Bankers manipulated the LIBOR rate. These are the kinds of things that disgust people about Wall Street. Manipulation makes credible marketplaces look like a sham. [...]

  • CFTC Says CME No SRO
    Posted by on January 9th, 2012 at 5:05 pm, Comments: 0

    The abbreviations in my title might not mean a lot to you, but they are pretty earth shattering for the trading industry. The CFTC is [...]

  • Doing Business With The Simpsons
    Posted by on December 12th, 2011 at 8:11 am, Comments: 0

    The Illinois legislature proposed a tax package that is designed to keep the $CME and $CBOE from leaving the state. Is it enough? Indiana governor [...]

  • Legal Liability of CME Regarding MF Global
    Posted by on November 8th, 2011 at 8:43 am, Comments: 0

    $CME has made precious few statements regarding MF Global. Quite frankly, it’s a huge mess and I am sure they are still sorting it out. [...]

  • Government Turns Both Barrels on Honest Business
    Posted by on August 31st, 2011 at 8:16 am, Comments: 0

    If you were not outraged by the malpractice at the CFTC over the past few years before, you ought to be now. It’s so bad [...]

  • Ways Dodd-Frank Will Increase Food Prices
    Posted by on August 11th, 2011 at 8:23 am, Comments: 0

    Bet you thought Dodd-Frank was just designed to go after those greedy banks on Wall Street didn’t you? Well, there are always unintended consequences of [...]

  • Sorting out The Market
    Posted by on August 4th, 2011 at 8:26 pm, Comments: 0

    Sorry if anyone took my advice to buy the close. Whew, what a break. I think a lot of traders were waiting for the bounce, [...]

  • Life in the Pits
    Posted by on July 27th, 2011 at 12:43 pm, Comments: 0

    People often ask me what it was like to be in a trading pit ($CME, $CBOE, $NYX). It was physical, exhilarating and fun. Frustrating and [...]

  • A Response to Andrew Ross Sorkin/NYTimes Dealbook
    Posted by on July 13th, 2011 at 8:51 pm, Comments: 0

    Columnist Andrew Ross Sorkin wrote a column about taxes. Specifically, Obama wants to raise taxes on hedge funds, private equity and venture capital. In the [...]