(AP) — CME Group, a derivatives exchange operator, said Monday that its average daily trading volume rose 2 percent in March.The company said average daily trades increased to 11 million contracts last month, up from 10.8 million contracts in March 2009.Electronic volume averaged 9.1 million contracts per day, up 4 percent from last year.Average daily trades for interest rate contract rose 30 percent to 5 million, but equity index contracts fell by 35 percent to 2.7 million.For the first quarter, average daily trading volume rose 12 percent to 11.5 million contracts.
Posts Tagged ‘Interest Rate’
CME sees 2% rise in March trading volume
April 6th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: 1 Million, 5 Million, Cme, Derivatives, Electronic Volume, Equity Index, Exchange Operator, Index Contracts, Interest Rate, Rate Contract, Rose, Trades, Volume Ap 
Comments OffCredit card new hidden fees
December 11th, 2009 Before You Invest It appears credit card issuers are determined to maintain the high levels of profit they earn from charging fees. A new report released by the Center for Responsible Lending on Thursday shows that they have made or expanded at least eight hidden charges to replace the income they anticipate losing as a result of newly enacted federal legislation and Federal Reserve rules intended to stop credit card abuses.For example, the report shows that credit card issuers have implemented a tactic it calls “pick-a-rate” — and it’s not the customer who gets to pick.
Posted in Finance Fraud Tags: American Families, Billing Cycle, Cardholders, Center For Responsible Lending, Clauses, Credit Card Abuses, Credit Card Accounts, Credit Card Issuers, Enactment, Federal Legislation, Federal Reserve, Fee Structures, Full Effect, Hidden Charges, Interest Rate, Late Payments, Meaningful Reform, Overdue Balance, Prime Rate, Tactic No Comments »California borrows $1.5 billion from JPMorgan to repay IOUs
August 29th, 2009 Before You Invest JPMorgan Chase loaned California $1.5 billion with a yearly interest rate of 3%. The loan will be used to pay IOUs the state issued during a cash crunch. The interest rate is considered high for such a loan and possibly reflects ongoing concerns about the state’s solvency.more at http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBy4dKDDGdBE
Posted in Finance Fraud Tags: Amp, Apps, California 1, Cash Crunch, Interest Rate, Ious, Jpmorgan Chase, Newsarchive, Pid, Sid, Solvency No Comments »Protect yourself from a credit card backlash
July 10th, 2009 Before You Invest The most sweeping credit card legislation in years is excellent news for cardholders — but banks will respond by charging you more and giving you less. Here’s what to do about it. NEW YORK (Money) — There’s plenty to like about the credit card reforms President Obama signed into law this May.
Interest rate could linger near zero for years, Fed’s Yellen says
July 1st, 2009 Before You Invest Janet Yellen, president of the Federal Reserve Bank of San Francisco, went further than other policymakers in assuring that the Fed is not likely to push its interest rate up in the near future. Speaking to reporters after a speech, she said it is “not outside the realm of possibility” that the central bank will let the interest rate remain close to zero for several years.
Colorado Settles ARS Dispute With Wachovia
May 9th, 2009 Before You Invest Colorado settled with Wachovia Securities, which is changing its name to Wells Fargo Advisors this month, regarding its sale of auction-rate securities, the state’s securities commissioner announced.St. Louis-based Wachovia, formerly A.G. Edwards & Sons Inc., agreed to buy back $157 million of auction-rate securities from Colorado investors by June 30, Commissioner Fred Joseph said in a news release.
CME volume drops 28% in February
March 3rd, 2009 Before You Invest (AP) — Exchange operator CME Group Inc. said Tuesday average trading volume across its exchanges fell 28 percent in February from a year ago, but is trending up compared with recent months.An average of 10.8 million contracts were traded per day on CME Group’s exchanges in February, compared with 15.1 million contracts traded per day during the same month last year.
Posted in Finance Fraud Tags: 1 Million, 5 Million, Cme, Commodity Futures, Contract Volume, Contracts, Daily Volume, Exchange Operator, Group Shares, Interest Rate, New York Mercantile, New York Mercantile Exchange, Physical Commodity, Rate Contract, York Mercantile Exchange Comments Off
