Iron-ore derivatives are expected to benefit from "extended growth," and CME coking-coal futures also are seen drawing strong interest, said Mark Richardson, head of SSY Futures. Total volume for iron-ore derivatives rose from 269 million metric tons to more than 582 million in 2014.
IntercontinentalExchange says it will ask EU member nations to cede individual decision-making power regarding its deal to buy NYSE Euronext. ICE prefers a unified EU ruling rather than one that must pass muster individually in nations including the U.K., Spain and Portugal.
IntercontinentalExchange has a history of expansion through acquisitions, and it's set to acquire NYSE Euronext to make it a major player in the interest-rate and cash-equities markets. FIA President Walt Lukken discusses the merger with ICE Chairman and CEO Jeff Sprecher in this interview.
CME Group, bucking protests from traders, says it will continue to allow grain trading when the federal government announces major crop reports. Traders say the practice distorts grain prices because high-speed computerized speculators jump in before grain traders can sort out the supply-and-demand information during the "live" releases.