Executing Venue

CME Reports Only a 4% Comeback in Revenues for Q3 despite Record Options Volume

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CME’s third-quarter 2014 average daily volume was 13.5 million contracts, up 12% from third-quarter 2013. Clearing and transaction fee revenues were $641.8 million, up 7% compared with third-quarter 2013.
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DGCX Extends FX Product Range – Launches Two New Mini Indian Rupee Futures Contracts

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Emerging market currency trading continues to gain popularity as UAE-based DGCX launches new currency futures contracts. The venue adds to its to rupee product range with two mini non-dollar crosses, British pound and Euro.
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Dubai Mercantile Exchange Signs Partnership Agreement with Leading Chinese Banking Institute

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Leading UAE-based commodity derivatives exchange, the Dubai Mercantile Exchange, has extended its co-operation with Asian-based firms. The venue has signed a memorandum of understanding with Chinese giant, Bank of China.
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Korea Exchange Dollar Futures to Be Listed on CME Globex Later This Year

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Korea Exchange and the CME announce the listing of a new Dollar Futures contract on CME Globex. The listing gives KRX an additional avenue through which to attract investors while the CME further tightens its stranglehold on derivatives clearing globally.
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Net Revenue Jumps 8% YoY at Deutsche Börse – Reports Q3 Metrics

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Germany’s largest financial trading venue reports strong operating metrics in Q3. The firm saw net revenue increase to $630 mln an 8% spike from figures reported in 2013, an increase in volumes supported the results.
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FINRA Fines Merrill Lynch $6 Mln for Failing to Prevent Naked Short Selling

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Bank of America will have to pay for both the fines after it took over Merrill Lynch at the height of the financial crisis in September 2008 inheriting the units which didn’t comply with SEC’s “fail-to deliver” rules.
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Retail Investors to Benefit from New Mexican Mini IPC Index Futures Contract

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Mexico’s main financial derivatives exchange has enhanced its product offering for individual investors, the venue launches a new mini futures contract that offers lower margin levels then the main cash instruments.
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Former PIMCO Boss Mohamed El-Erian Trades Traditional Bonds for P2P Lending at Payoff

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Exchanging corporate, government, and other bonds for P2P lending, former PIMCO CEO, Mohamed El-Erian becomes a lead investor in $12 million equity financing round of P2P lending platform, Payoff.
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In the Land Down Under, Equity Trading Costs Are Flying High

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An independent report finds the cost of trading, clearing and settling equities in Australia are the 3rd highest in the world behind Spain and Brazil. Most of the added premium is being attributed to a lack of competition domestically.
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Monex Group Revenues Plunge in All Business Units Since April

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Monex reports across the board declines in most financial and trading metrics since April 2014. Operating Revenue at Monex Inc falls by 22% while Operating Income plummets by over 63%.
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