Showdown: Futures vs ETFs
Institutional investors have dramatically increased their use of exchange traded funds (ETFs); so much so that the product could potentially replace key futures contracts. The TRADE Derivatives investigates.
The cut-off date for the ruling is February 21, and if an agreement is not reached by then, the cost for European banks to trade and clear with US clearing houses will sky rocket.
CME annual results exceed expectations, but profits fall amid tough fourth quarter.