Chicago Mercantile Exchange

SPAN (Standard Portfolio Analysis of Risk)

As developed by the Chicago Mercantile Exchange, the industry standard for calculating performance bond requirements (margins) on the basis of overall portfolio risk. SPAN calculates risk for all enterprise levels on derivative and non-derivative instruments at numerous exchanges and clearing organi

Large Order Execution Procedures

Rules in place at the Chicago Mercantile Exchange that authorize a member firm that receives a large order from an initiating party to solicit counterparty interest off the exchange floor prior to open execution of the order in the pit and that provide for special surveillance procedures. The partie

CME to offer OTC Forex Trading

The Chicago Mercantile Exchange and Reuters have announced that they will be offering a new electronic platform for trading the global cash forex market in a 50/50 join venture. The platform, called FXMarketSpace is set to launch in the Q1 2007. While the