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CME

CME Group

$149.54

1.71 (1.16%)

08:01
12/01/17
12/01
08:01
12/01/17
08:01

CME Group self-certifies bitcoin futures to launch December 18

CME Group announced that it has self-certified the initial listing of its Bitcoin futures contract to launch Monday, December 18, 2017. "We are pleased to bring Bitcoin futures to market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "Though we have worked through a lengthy, comprehensive process with the CFTC to get to this point, we recognize bitcoin is a new, uncharted market that will continue to evolve, requiring continued collaboration with the Commission and our clients going forward. At launch, our new Bitcoin futures contract will be subject to a variety of risk management tools, including an initial margin of 35 percent, position and intraday price limits, and a number of other risk and credit controls that CME Group offers on all of its products." The new contract will be listed on and subject to the rules of CME. It will be available for trading on the CME Globex electronic trading platform, and for submission for clearing via CME ClearPort, effective on Sunday, December 17, 2017 for a trade date of December 18. CME Group's Bitcoin futures will be cash-settled, based on the CME CF Bitcoin Reference Rate which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. Since November 2016, CME Group and Crypto Facilities Ltd. have calculated and published the BRR, which aggregates the trade flow of major bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin as of 4:00 p.m. London time. The BRR is designed around the IOSCO Principles for Financial Benchmarks. Bitstamp, GDAX, itBit and Kraken are the constituent exchanges that currently contribute the pricing data for calculating the BRR.

CME CME Group
$149.54

1.71 (1.16%)

07/12/17
SBSH
07/12/17
INITIATION
Target $140
SBSH
Buy
CME Group initiated with a Buy at Citi
Citi analyst Ben Herbert started CME Group with a Buy rating and $140 price target. "Deep" franchises in Energy, Fed Fund Futures and Treasury Futures and Options make CME the best positioned U.S. exchange, the analyst contends.
07/12/17
SBSH
07/12/17
DOWNGRADE
Target $16
SBSH
Sell
Virtu Financial downgraded to Sell from Neutral at Citi
Citi analyst Ben Herbert downgraded Virtu Financial (VIRT) to Sell and lowered his price target for the shares to $16 from $17 after taking over lead coverage from William Katz. The analyst has concerns over peak penetration, dividend pressure and the likely reduction of consensus estimates. He recommends a pair trade of long CME Group (CME), short Virtu.
08/16/17
DBAB
08/16/17
NO CHANGE
Target $135
DBAB
Buy
CME Group reiterated as top exchange pick at Deutsche Bank
Deutsche Bank analyst Brian Bedell reiterates CME Group as his top exchange pick after hosting investor meetings with management. The company's "multiple organic growth opportunities" make the stock much more than just a play on interest rates or macro volatility, Bedell tells investors in a research note. He keeps a Buy rating on CME with a $135 price target.
09/08/17
LEHM
09/08/17
INITIATION
Target $139
LEHM
Overweight
CME Group initiated with an Overweight at Barclays
Barclays analyst Jeremy Campbell started CME Group with an Overweight rating and $139 price target. The analyst initiated U.S. Brokers, Asset Managers & Exchanges with a Neutral industry view.

TODAY'S FREE FLY STORIES

13:05
12/12/17
12/12
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12/12/17
13:05
General news
30-Yr Bond Auction Coupon Rate data reported »

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13:05
12/12/17
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General news
30-Yr Bond Auction Total Amount data reported »

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RIOT

Riot Blockchain

$23.08

7.22 (45.52%)

13:05
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Riot Blockchain Inc call volume above normal and directionally bullish »

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TWTR

Twitter

$21.88

-0.175 (-0.79%)

13:03
12/12/17
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13:03
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Twitter adds plus button to simplify making Tweet threads »

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  • 23

    Jan

LLY

Eli Lilly

$86.39

-0.28 (-0.32%)

13:03
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Eli Lilly Canada announces approval of Entuzity KwikPen »

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    Jan

FDC

First Data

$16.60

0.175 (1.07%)

13:02
12/12/17
12/12
13:02
12/12/17
13:02
Conference/Events
First Data management to meet with Craig-Hallum »

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  • 13

    Dec

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    Dec

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    Dec

WLL

Whiting Petroleum

$24.33

-1.2431 (-4.86%)

13:01
12/12/17
12/12
13:01
12/12/17
13:01
Downgrade
Whiting Petroleum rating change  »

Whiting Petroleum…

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12:55
12/12/17
12/12
12:55
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12:55
Conference/Events
FCC to ho ld a council meeting »

The Communications…

RPD

Rapid7

$18.77

0.03 (0.16%)

12:55
12/12/17
12/12
12:55
12/12/17
12:55
Conference/Events
Rapid7 to host analyst day »

Analyst Day to be held in…

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Wedge Partners
03/08/13
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Citigroup
03/06/13
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  • 12

    Dec

EPAY

Bottomline Technologies

$33.86

0.08 (0.24%)

12:54
12/12/17
12/12
12:54
12/12/17
12:54
Conference/Events
Bottomline Technologies management to meet with Craig-Hallum »

Meeting to be held in…

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Citigroup
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  • 13

    Dec

SPX

S&P 500

, SPY

SPDR S&P 500 ETF Trust

$267.13

0.82 (0.31%)

12:51
12/12/17
12/12
12:51
12/12/17
12:51
Hot Stocks
Senator Paul says tax cuts 'are never the problem' »

Senator Rand Paul just…

SPX

S&P 500

SPY

SPDR S&P 500 ETF Trust

$267.13

0.82 (0.31%)

03/08/13
Wedge Partners
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03/06/13
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12:50
12/12/17
12/12
12:50
12/12/17
12:50
General news
Senator Rand Paul tweet »

Senator Rand Paul tweet…

SPX

S&P 500

, SPY

SPDR S&P 500 ETF Trust

$266.94

0.63 (0.24%)

12:45
12/12/17
12/12
12:45
12/12/17
12:45
Hot Stocks
Senator Paul tweets opposition to bills that add to deficit »

Senator Rand Paul just…

SPX

S&P 500

SPY

SPDR S&P 500 ETF Trust

$266.94

0.63 (0.24%)

03/08/13
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IBM

IBM

$157.33

1.92 (1.24%)

12:45
12/12/17
12/12
12:45
12/12/17
12:45
Options
IBM call volume above normal and directionally bullish »

Bullish option flow…

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  • 12

    Dec

12:35
12/12/17
12/12
12:35
12/12/17
12:35
General news
Treasury 30-year auction preview: the auction is likely to see average results »

Treasury 30-year auction…

KMT

Kennametal

$47.39

1.43 (3.11%)

12:20
12/12/17
12/12
12:20
12/12/17
12:20
Earnings
Kennametal sees FY21 adjusted sales growing to $2.5B-$2.6B »

Sees adjusted gross…

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  • 12

    Dec

KMX

CarMax

$67.59

-0.38 (-0.56%)

12:20
12/12/17
12/12
12:20
12/12/17
12:20
Options
Short-term put buying in Carmax »

Short-term put buying in…

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  • 21

    Dec

KMT

Kennametal

$47.38

1.415 (3.08%)

12:18
12/12/17
12/12
12:18
12/12/17
12:18
Earnings
Kennametal sees FY18 adjusted sales $2.2B-$2.275B, consensus $2.24B »

Sees FY18 adjusted gross…

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  • 12

    Dec

$NSD

NASDAQ Market Internals

12:17
12/12/17
12/12
12:17
12/12/17
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

12:16
12/12/17
12/12
12:16
12/12/17
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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FNF

FNF Group

$40.39

-0.24 (-0.59%)

12:15
12/12/17
12/12
12:15
12/12/17
12:15
Conference/Events
FNF Group management to meet with Piper Jaffray »

Meeting to be held in…

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  • 13

    Dec

12:10
12/12/17
12/12
12:10
12/12/17
12:10
Conference/Events
Morgan Stanley consumer/tobacco analyst has an analyst/industry conference call »

U.S. Food &…

VLKAY

Volkswagen

$40.48

0.38 (0.95%)

12:10
12/12/17
12/12
12:10
12/12/17
12:10
Periodicals
VW-owned Scania appeals EUR880M EU fine over price fixing, Reuters reports »

Scania, which is owned by…

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AKS

AK Steel

$5.37

-0.035 (-0.65%)

12:10
12/12/17
12/12
12:10
12/12/17
12:10
Options
Change of sentiment in AK Steel »

Change of sentiment in AK…

03/08/13
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CMCSA

Comcast

$38.44

0.49 (1.29%)

, DIS

Disney

$107.25

0.42 (0.39%)

12:06
12/12/17
12/12
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12:06
General news
On The Fly: Top stock stories at midday »

Stocks on Wall Street…

CMCSA

Comcast

$38.44

0.49 (1.29%)

DIS

Disney

$107.25

0.42 (0.39%)

FOXA

21st Century Fox

$33.66

0.36 (1.08%)

MMM

3M

$238.36

-0.94 (-0.39%)

BA

Boeing

$289.97

6.81 (2.41%)

GLYC

GlycoMimetics

$14.32

-0.65 (-4.34%)

STX

Seagate

$40.47

-0.02 (-0.05%)

OAS

Oasis Petroleum

$8.63

-1.43 (-14.21%)

CASY

Casey's General Stores

$121.25

-3.56 (-2.85%)

FOX

21st Century Fox

$33.27

0.3 (0.91%)

CMCSK

Comcast

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 12

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