Monday, 4 May 2015
Last updated 2 days ago
Dec 29 2008 | 3:25am ET
A credit-default swap clearinghouse proposed by hedge fund giant Citadel Investment Group is a step closer to reality.
The Commodity Futures Trading Commission gave its approval to the joint venture by Citadel and the CME Group, the world’s largest futures exchange. Citadel and the CME plan to use the Chicago Mercantile Exchange’s existing clearing facility; a rival CDS clearinghouse proposed by a group of Wall Street giants plans to set up a separate clearing facility.
The CME-Citadel CDS clearinghouse could debut soon. A European clearing facility debuted last week.
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…