All posts tagged: CME

BMO to launch tokenized cash platform with CME and Google Cloud

BMO to launch tokenized cash platform with CME and Google Cloud

Published by Sam Flores

March 24 : Bank of Montreal said on Tuesday it plans to roll out tokenized cash capabilities in collaboration with CME Group and Google Cloud, as it seeks to meet rising demand for real‑time payments amid a global shift toward around‑the‑clock trading. Tokenized cash enables near-instant settlement, reducing delays, freeing up capital faster, and supporting more efficient, continuous financial market activity. The initiative will allow the bank’s clients to convert U.S. dollars into a tokenized instrument for use in margined products, derivatives where traders put up collateral to cover potential losses, at the CME Group exchange. BMO said the move is aimed at supporting clients that increasingly require round‑the‑clock infrastructure to meet margin calls and manage trading and settlement activity as global markets shift toward 24/7 operations. “As the global ecosystem for stablecoins and tokenized deposits continues to expand rapidly, this capability marks significant progress of BMO’s ambition to bring regulated money movement into a modern, programmable environment,” said Derek Vernon, head of BMO’s North American Treasury and Payment Solutions. “Clients will be able to …

CME Halts All Metals, NatGas Markets Due To “Technical Issues”

CME Halts All Metals, NatGas Markets Due To “Technical Issues”

Published by Jenni Sidey

At around 1300ET, the Chicago Mercantile Exchange (CME) halted trading of all metals and NatGas contracts (futures and options) due to ‘technical issues’. Additionally, all day orders and GTDs with today’s date will be cancelled. All GTCs that have been acknowledged will remain working. Since the halt, spot prices for gold have declined… NatGas futures trading has re-opened (lower)… CME says that Globex Metals futures and options markets will Pre-open at 13:31 Central Time and Open at 13:45 Central Time. Developing… Loading recommendations… Source link

CME Explores First-Ever Rare Earth Futures Contracts

CME Explores First-Ever Rare Earth Futures Contracts

Published by Jenni Sidey

CME Group is drawing up plans for what could become the first-ever futures contract tied to rare earths, according to three people familiar with the matter, offering governments, companies and lenders a potential tool to manage exposure to a market long dominated by China, according to Reuters. The proposed contract would track neodymium and praseodymium (NdPr), typically traded together and used to produce permanent magnets found in electric vehicle motors, wind turbines, drones and fighter jets. While discussions are ongoing, no final decision has been made. Liquidity remains a concern, as rare earth trading volumes are small compared with most established metals markets. Rival exchange operator Intercontinental Exchange has also examined launching rare earth derivatives, though two sources said its efforts are at an earlier stage. CME declined to comment, and ICE did not respond to requests for comment. Reuters writes that volatile pricing has been a major obstacle for Western rare earth projects seeking funding. Banks have been wary of backing new mines and processing facilities because producers lack reliable ways to hedge against …

FanDuel and DraftKings prediction markets could offer Super Bowl parlays, as CME issues self-certification

FanDuel and DraftKings prediction markets could offer Super Bowl parlays, as CME issues self-certification

Published by skeptic

With the Super Bowl looming, FanDuel and DraftKings prediction markets could potentially be introducing parlays for the event following a self-certification contract with the CFTC. The CME Group, which partners with the two industry giants, has self-certified a multi-leg football contract with the Commodity Futures Trading Commission. The actual details, however, aren’t yet known as the filing suggests it’ll list the contract by Thursday, nor have any specifics been shared. In the self-certification process, this is where a designated contract market that is CFTC-registered submits documents that explain their intentions to list a new contract. In the filing description, it reads as: “Initial Listing of Event Contract Swaps on Pro Hockey Game Point Spreads, Pro Football Championship Combos, Olympic Competitions, and Grammy Awards.” In the contract specifications, the title is “Event Contracts on Pro Hockey Game Point Spreads and Pro Football Championship Combos.” With the Super Bowl coming up, on Sunday 8 February, it begs the question as to whether this is a focus for the prediction markets. Does the CME Group work with FanDuel …