The House Financial Services Committee last Thursday approved by a wide margin a measure that calls for sweeping overhaul of the $500 trillion-plus over-the-counter (OTC) derivatives market.
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ICE’s June Volumes Jump as CME’s Slump
Commodity trading exchanges are continuing to weather the 2008-2009 recession, but Atlanta-based IntercontinentalExchange (ICE), operator of regulated global futures exchanges, clearinghouses and over-the-counter (OTC) markets, recorded volume growth June-over-June while Chicago-based CME Group, which bills itself as the world’s largest and most diverse derivatives exchange, reported a volume decrease, according to data provided by the rivals.
ICE, CME Group Record Different Stories on June Volumes
Commodity trading exchanges are continuing to weather the 2008-2009 recession, but Atlanta-based IntercontinentalExchange (ICE), operator of regulated global futures exchanges, clearinghouses and over-the-counter (OTC) markets, recorded volume growth June-over-June while Chicago-based CME Group, which bills itself as the world’s largest and most diverse derivatives exchange, reported a volume decrease, according to data provided by the rivals.