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As trading pits close, traders yearn for 'roar' of old

2015-02-06 03:06:07| Food - Topix.net

In this Dec. 21, 1999 file photo, Nicholas Torres, center, shouts an order in the eurodollar pit at the Chicago Mercantile Exchange just as the Fedeal Reserve was announcing that there would be no change in interest rates. Floor trading has shrunk to a fraction of its volume from two decades ago as faster, cheaper, computers take over the process of establishing prices on everything from pigs to Exxon Mobil's stock.

Tags: of old close trading

 

As trading pits close, traders yearn for 'roar' of old

2015-02-06 01:48:53| Chemicals - Topix.net

In this Dec. 21, 1999 file photo, Nicholas Torres, center, shouts an order in the eurodollar pit at the Chicago Mercantile Exchange just as the Fedeal Reserve was announcing that there would be no change in interest rates. Floor trading has shrunk to a fraction of its volume from two decades ago as faster, cheaper, computers take over the process of establishing prices on everything from pigs to Exxon Mobil's stock.

Tags: of old close trading

 
 

CME Group to close most Chicago, New York open outcry futures trading

2015-02-05 22:23:00| National Hog Farmer

Source: CME Group The CME Group has announced that it will close most of its futures trading pits in Chicago and New York by July 2, due to the fact that open outcry futures trading has fallen to just 1% of the company's total futures volume. read more

Tags: group york close open

 

Alleged California insider trading ring charged by SEC

2015-02-05 21:26:15| Electronics - Topix.net

Four people in an alleged California-based insider trading ring are being charged with generating $750,000 in illegal profits in advance of corporate news announcements. The Securities and Exchange Commission alleged that John Gray, a former Barclays Capital analyst, and Christian Keller, who worked in finance at Applied Materials Inc. and Rovi Corporation, traded on confidential information on Applied Materials' merger and ahead of negative news about Rovi.

Tags: california sec ring trading

 

Alleged California insider trading ring charged by SEC

2015-02-05 21:07:17| Semiconductors - Topix.net

Four people in an alleged California-based insider trading ring are being charged with generating $750,000 in illegal profits in advance of corporate news announcements. The Securities and Exchange Commission alleged that John Gray, a former Barclays Capital analyst, and Christian Keller, who worked in finance at Applied Materials Inc. and Rovi Corporation, traded on confidential information on Applied Materials' merger and ahead of negative news about Rovi.

Tags: california sec ring trading

 

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