CME Group has shown a strong interest in XRP, betting big on its utility and launching XRP futures amid a growing institutional demand. This new offering aligns with expanding crypto trading suite as the first day of XRP futures trading on CME reached a volume of $19M, raising hopes of ETF approval. Furthermore, the company is exploring expansion of Aluminum contracts in Hong Kong.
However,
Erste Group downgraded
CME Group stock from Buy to Hold, indicating potential concerns. Speaking of investors,
British Columbia Investment Management Corp and
Snowden Capital Advisors LLC boosted their positions in CME, while entities like
Worldquant Millennium Advisors LLC and
Voloridge Investment Management LLC sold off a significant chunk.
CME Group also experienced key internal changes with noteworthy stock sales by its directors and general counsel. Despite these movements and mixed market signals,
CME Group's new FX trading platform managed to bridge a $1.4B gap between spot and futures markets on its launch day.
Future plans include a possible sale of OSTTRA to KKR for $3.1 billion and multiple product launches. These actions signify CME Group's intention to remain at the forefront of change while dealing with the evolving market dynamics.
Cme Group CME News Analytics from Mon, 28 Oct 2024 07:00:00 GMT to Sat, 24 May 2025 11:56:18 GMT -
Rating 0
- Innovation 7
- Information 7
- Rumor -3
