StoneX Group Inc., a global financial services network, has entered into a definitive agreement to acquire futures brokerage R.J. O’Brien (RJO), while private equity giant KKR will purchase post-trade solutions provider OSTTRA from co-owners S&P Global and CME Group. In both cases, the main driver was the expansion of clients and offerings. RJO to Join StoneX RJO will join StoneX… Read More >>
CME Completes First Transaction via Bitcoin Friday Futures
Derivatives exchanges company, CME Group, has completed its first transaction via its “new financially settled options on Bitcoin Friday futures” between Cumberland DRW and Galaxy and cleared by Marex, officials say. The block trade took place on Sunday, February 23. The CME has launched financially settled options on Bitcoin Friday futures to complement its existing… Read More >>
CME & DTCC Advance Margin Cuts for Treasury Traders
CME Group and the Depository Trust and Clearing Corp. (DTCC) have been working behind the scenes to expand their cross-margining agreement to increase margin savings and capital efficiencies for traders by December 2025, officials say. The update, which is still pending the nod from regulators, aims to improve the long-standing CME-DTCC cross-margining arrangement by allowing… Read More >>
Indiana University Wins CME Group Trading Challenge
Indiana University, based in Bloomington, took first place in the CME Group’s 21st annual University Trading Challenge, officials say. The four-week competition, which had 2,300 students, set a new participation record. In addition to Indiana University, University Trading Challenge Winners are: Second Place: Tecnológico de Monterrey, a private university in Monterrey, Mexico; Third Place: ESLSCA… Read More >>
IPC Bolsters Ops Links via Google Cloud Alliance
(Editor’s note: Communications and cloud connectivity provider IPC has become a Google Cloud Interconnect Partner, a collaboration intended to help IPC customers link to Google Cloud locations globally. The agreement will enable financial institutions that use IPC’s Connexus Cloud for order creation and placement, trade execution, market data delivery, clearing, settlement, and access to trade… Read More >>
CME and DTCC Launch Treasury-Futures Cross-Margining
Derivatives exchanges company CME Group and the Depository Trust & Clearing Corp. (DTCC) have gone live with their enhanced cross-margining arrangement, intended to facilitate capital efficiencies for “clearing members that trade and clear both U.S. Treasury securities and CME Group Interest Rate futures.” “With the new arrangement implemented, eligible clearing members of CME Group and… Read More >>
SimCorp & EDI Team Up on Corporate Actions & Other News
Duo to offer ISO 15022 Corporate Actions Data Exchange Data International (EDI), a financial and economic data provider, and SimCorp, an investment management solutions provider, have agreed to combine efforts to offer corporate actions data to their clients, officials say. “The integration of EDI’s Worldwide Corporate Actions Service within SimCorp’s integrated front-to-back investment management platform… Read More >>
DTCC & CME Push to Expand Treasuries Deal & Other News
DTCC, CME Need Regulators to Allow Cross-Margining Expansion Post-trade infrastructure system and services provider DTCC and derivatives exchanges company CME Group report that they would like to improve their cross-margining arrangement so that clearing members of CME and the Government Securities Division of DTCC’s Fixed Income Clearing Corp. (FICC) can trade and clear U.S. Treasury… Read More >>
Voting Begins in the FTF Awards Competition!
We are pleased to announce that voting has begun for the nominees of the FTF News Technology Innovation Awards 2023, a competition overseen by Financial Technologies Forum (FTF) and the news service. Industry participants pick the winners. Voting began on March 20 when we officially unveiled the nominees and will end on April 28. We… Read More >>
Futures Industry Honors the Passing of John W. O’Brien, Sr.
There is sad news out of Chicago as officials at futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) report that a former chairman and CEO of the firm, John W. O’Brien, Sr., 68, died Saturday, July 9, after a long illness. “We’re deeply saddened to lose Johnny, my dear friend, our long-time board… Read More >>
