May 14 2012 | 6:22 PM
The NYSE Liffe Commodities team attended the Black Sea Grains Conference last month, which has proved to be the biggest event in the industry, covering the main issues relating to grains in the Former Soviet Union (FSU).
Growing population worldwide along with the restricted lands, which are constantly being depleted by the agricultural sector, mean fewer agricultural products are...
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May 14 2012 | 6:01 PM
NEW YORK, NY - MAY 14: Pedestrians walk by a sign outside of a JPMorgan Chase office on May 14, 2012 in New York City. Following a $2 billion trading blunder, JPMorgan Chase's chief investment officer Ina Drew retired and will be succeeded by Matt Zames, an executive from JPMorgan's investment bank. At least two others are also being held accountable for the mistake. (Image credit: Getty Images via...
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Senior VP, Government Affairs
May 14 2012 | 5:49 PM
May seems to be shaping up as quite a busy month in the world of mini MSCI futures!
As of Friday, May 11th 2012, Open Interest for mini MSCI futures 153,000, an all-time high outside of roll periods. The previous record was on May 3rd 2012 when OI was 148,405. mini MSCI EAFE futures reached an all time non roll high of 59,714 on May 3rd. mini MSCI Emerging Markets futures are at an all time non roll high of 90,674, the previous high was on Mar 23rd with 90,192 contracts.
We’ve also reached another milestone in BIC trading. We have now surpassed $2B in notional value. Emerging Markets contracts are at $788M and EAFE contracts are at $1.215B.
We are looking forward to a successful June with the one-year anniversary of the Emerging Markets and EAFE contracts migrating from CME to NYSE Liffe US. Stay tuned!
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Vice President, Equity Derivatives, NYSE Liffe US
May 14 2012 | 5:09 PM
Markets ended the day down for the 8th time in 9 session on continued worries over Greece potentially exiting the euro zone after discussions to form a coalition government failed over the weekend. The fallout from JPMorgan Chase’s investment losses continued to cause a drag on the DJIA and markets in general.
Adding to the market woes, investors remained unconvinced by the Chinese central bank's move on Saturday to bolster lending to counter signs of an economic slowdown.
Oil was down for a third session while Gold erased its gains for the year, settling at $1,560.60 an ounce.
Market Indices/Statistics:
- Dow closed down 125.25 pts/-0.98% to 12,695.35
- S&P closed down 15.04 pts/-1.11 to 1,338.35
- Nasdaq closed down 31.24 pts/-1.06% to 2,902.58
- 2 of the 30 Dow stocks closed higher
- All 10 S&P 500 sectors closed...
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Managing Director