CME Group Inc. declared a first-quarter dividend of $0.60 per share, a 20% increase from the prior rate of $0.50 per share. The dividend is payable March 28, 2016, to shareholders of record as of March 10, 2016.
CME Group Inc., the world's leading and most diverse derivatives marketplace, today declared a fourth-quarter dividend of $0.50 per share, payable December 28, 2015, to shareholders of record as of December 10, 2015.
A jury on Tuesday convicted high-frequency trader Michael Coscia of commodities fraud and "spoofing," in the U.S. government's first criminal prosecution of the banned trading practice. The verdict may energize prosecutors to pursue market manipulation cases and spur some high-speed traders to review their strategies, in which orders are sometimes executed or canceled within milliseconds after they are entered.
The U.S. government will square off in a Chicago courtroom on Monday against a high-frequency trader accused of using computer algorithms to move market prices, as prosecutors test their ability to enforce a new "anti-spoofing" law.