ION leverages AI in bid to optimise pre-trade risk management for clients
The new solution integrates CME SPAN 2 and aims to address calculation and speed challenges associated with the model.
The new solution integrates CME SPAN 2 and aims to address calculation and speed challenges associated with the model.
Deal is expected to close in H2 2025; current co-CEOs Guy Rowcliffe and John Stewart will remain at OSTTRA and continue to lead the company.
The SOL futures will be cash-settled and based on the CME CF Solana-dollar reference rate.
The foreign exchange software market size is expected to be $16.4 billion by 2032 – with a compound annual growth rate of 7.6% – study predicts.
CME Group, Intercontinental exchange (ICE) and Eurex Exchange all made headway with updates to their offerings during the second quarter.
The firm assisted its customers and CME in completing the trades on market open on 28 August.
Increased ADV resulted from the global growth in interest rate and energy products, which were up 54% and 31% respectively.
New weekly options contracts will increase precision, adding more granularity to trading strategies, allowing Russell 2000 Index exposure to be more fine-tuned, said the exchange.
Ray Bencheikh joins BGC’s Fenics Market Data division to lead data operations globally after previously working at CME, NEX Group and ICAP.
Following the decision by US derivatives exchange group CME to permanently close its open outcry trading pits, Annabel Smith looks at the history of trading floors in Chicago.