10/1/2008By PHIL FLYNN
In the first six months of this year the moves in oil were just stunning. Oil surged from around $91 per barrel to a high of $147.24, the biggest six-month move in the history of the oil market. The move was explosive, but the larger question remains as to why oil made this historic run. Because if you want to predict where oil will go in the last quarter of this year, you have to understand why oil did what it did the first half of this year.
10/1/2008By CHRISTINE BIRKNER
A decades long battle between former members of the Chicago Board of Trade (CBOT) and the Chicago Board Options Exchange (CBOE) over exercise right privileges ( ERPs ) again approached its conclusion when CME Group and CBOE announced a settlement agreement on the exercise right lawsuit on Aug. 20. The settlement terms give class members an 18% equity stake and cash payments in the aggregate amount of $300 million to end claims on CBOE membership resulting from CBOT member ERPs .
Two major electronic communications networks ( ECNs or so-called dark pools) moved closer to the light of full exchange status when BATS Trading received SEC approval for exchange status and Direct Edge announced a partnership with the International Securities Exchange (ISE) that would advance its transition to exchange status. BATS, which filed for exchange status in November 2007, expects to launch its exchange in late October.
Sorry, the May I-Trade show on-demand period is now over. But stay tuned for our December I-Trade show. Watch this space for dates and speakers.
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