Sunday, 24 May 2015
Last updated 2 days ago
Dec 24 2007 | 10:25am ET
Citadel Investment Group is backing a new all-electronic futures exchange that may compete with hedge fund giant’s hometown Chicago Mercantile Exchange, the world’s largest futures exchange.
The as-yet-unnamed futures market is expected to launch its first product—U.S. treasury futures—early next year.
The low-cost bourse is backed by a dozen financial institutions, and will be headed by Paul Saltzman, chief operating officer of eSpeed, as acting CEO. eSpeed will also serve as the exchange’s technology provider.
In addition to Citadel and eSpeed, the other members of the group include banks Bank of America, Barclay’s, Barclay Capital, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan, Merrill Lynch and the Royal Bank of Scotland, as well as trading firm GETCO LLC and liquidity provider PEAK6.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…