2009-07-24: Forex Magnates Daily Updates

Friday, 24/07/2009 | 07:52 GMT by Michael Greenberg
2009-07-24: Forex Magnates Daily Updates
  • Over-the-counter derivatives will become as tightly regulated as Exchange -traded products in one of the biggest regulatory reforms in U.S. history, if Gary Gensler, new chairman of the Commodity Futures Trading Commission, gets his way.
  • CME Group has reported a 10% increase in revenues in the quarter ended June 30, The Wall Street Journal reports. Earnings for the period were up from last year’s $201.2 million, to $221.8 million. Revenue increased 15% to $647.8 million, and its operating margin rose to 61.6% from 61%. The exchange said the revival in stock markets and more Liquidity in derivatives markets helped boost June volumes in interest rates, foreign exchange and agriculture contracts.
  • Over-the-counter derivatives will become as tightly regulated as Exchange -traded products in one of the biggest regulatory reforms in U.S. history, if Gary Gensler, new chairman of the Commodity Futures Trading Commission, gets his way.
  • CME Group has reported a 10% increase in revenues in the quarter ended June 30, The Wall Street Journal reports. Earnings for the period were up from last year’s $201.2 million, to $221.8 million. Revenue increased 15% to $647.8 million, and its operating margin rose to 61.6% from 61%. The exchange said the revival in stock markets and more Liquidity in derivatives markets helped boost June volumes in interest rates, foreign exchange and agriculture contracts.
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