Greg Burns

Plunging membership-seat values are pushing the Chicago Board of Trade toward the once-unthinkable step of offering its top financial futures contracts for trading on computers at the same time they're...

Board of Trade Clearing Corp. is feeling the heat as the common-clearing deal between Chicago's futures exchanges gathers steam. Under the deal, Clearing Corp. is slated to liquidate once the...

As they attempt to push into the big leagues of finance, Chicago's futures exchanges are finding that embracing a wider world can create its own set of problems. For instance,...

A Chicago Board Options Exchange director who declared bankruptcy after suffering big trading losses was cleared last month in a related exchange disciplinary investigation. The kicker: No one on the...

Membership seat prices at Chicago's major exchanges are falling fast, pressured by the threat of electronic trading and impending consolidation. At the Chicago Board of Trade, two full memberships sold...

With the futures industry across Europe embracing electronic trading, it's only natural for members of Chicago's open-outcry exchanges to wonder if their livelihoods are in jeopardy. At the Chicago Mercantile...

Chicago trading-firm executives gloated when SunGard Futures Systems' audacious bid for rival Rolfe & Nolan fell through last month. After all, they had been worried that SunGard would have used...

The system for clearing and settling trades in U.S. government securities could be getting a long-awaited overhaul. After years of discussions, the Government Securities Clearing Corp. is making progress in...

Can an American company find happiness--not to mention profits--as the property of a foreign buyer? Those of you wringing your hands over the fate of Chrysler Corp., which has agreed...

While it's no surprise that the Commodity Futures Trading Commission reached a settlement with copper-market scourge Sumitomo Corp., the amount was a shocker: A $125 million fine, plus another $25...