Latest News
Northern Trust collaborates with Novata for enhanced private markets data and benchmarking
By Southland Marquee | Nov 24, 2023
Northern Trust announced an agreement to offer Novata's ESG data management software to its asset-servicing clients. This initiative seeks to strengthen the ESG impact understanding while simplifying data collection for private companies. The platform, featuring clear definitions and tools for calculating ESG metrics, is complemented by support from ESG experts, as well as benchmarking and analytics, enabling contextual review and industry peer comparisons of the data.
BMO's wrap the good campaign returns to support underrepresented businesses
By Southland Marquee | Nov 24, 2023
BMO Harris Bank announced the Wrap the Good campaign, along with a holiday gift guide, to promote financial progress and awareness for underrepresented groups, including women, Indigenous, Native, Latino, Black, and/or Asian-owned businesses. The gift guide features BMO Business Banking clients such as Cheekbone Beauty, Maison Apothecare, Campy Home, and Sarah Konyer Creative Studio. This initiative aligns with BMO's ongoing efforts to support diverse enterprises across North America.
CME Group hits record numbers in Adjusted Interest Rate futures
By Southland Marquee | Nov 22, 2023
CME Group announced that S&P 500 Adjusted Interest Rate (AIR) Total Return futures have achieved a record open interest. The average daily volume for AIR Total Return futures in 2023 has increased by a record 54% year over year, reaching 4,220 contracts. This increase signifies heightened investor interest and participation in these futures.
Flying Food Group CEO on The Sue Ling Gin Foundation Trust: “That is the way that you maintain the legacy of Sue”
By Southland Marquee | Nov 16, 2023
David Cotton, CEO of airline catering company Flying Food Group, recently expressed his pride in maintaining the legacy of the company’s founder through the Sue Ling Gin Foundation Trust. Every dollar of profit earned by the company is donated to the charitable trust and directed back into the community.
CME Group Tour Championship extended with increased prize
By Southland Marquee | Nov 15, 2023
CME Group announced an extension of the CME Group Tour Championship and the season-long Race to the CME Globe with the Ladies Professional Golf Association (LPGA) through 2025. This two-year title sponsorship agreement will introduce new opportunities for women's golf in 2024, featuring an increased total purse of $11 million.
CME Group broadens short-term options on U.S. Treasury futures
By Southland Marquee | Nov 10, 2023
CME Group announced the expansion of its U.S. Treasury options suite by introducing Monday expiries, enhancing risk management capabilities during crucial market events. Traders, in addition to the established Wednesday and Friday expiries, now have the option to leverage more precise risk management tools at the Chicago-based derivatives marketplace, according to a press release by CME Group.
CME Group reaches over 50,000 Contracts traded for Micro Henry Hub futures
By Southland Marquee | Nov 10, 2023
CME Group announced that trading in its recently launched Micro Henry Hub futures has exceeded 50,000 contracts since its inception. These smaller futures and options, set at one-tenth the size of CME's standard Henry Hub contracts and settled in cash, have achieved this milestone in an undisclosed location, according to a press release by CME Group.
Mayor reveals that more businesses support Paid Leave Ordinance
By Southland Marquee | Nov 9, 2023
The city of Chicago announced additional backing from the Illinois Hispanic Chamber of Commerce for the Chicago Paid Leave Ordinance. A consensus has been achieved to grant all Chicago workers 10 days of paid time off, comprising five days of sick leave and five days of general time off, according to a press release by the city of Chicago.
CME Group publishes third quarter 2023 results
By Southland Marquee | Oct 26, 2023
CME Group Inc. has released its financial results for the third quarter of 2023, reporting revenues of $1.3 billion and an operating income of $820 million. The company achieved a net income of $750 million, with diluted earnings per common share at $2.06. On an adjusted basis, the net income amounted to $818 million, and diluted earnings per common share were $2.25.
Northern Trust hosts second Charity Trading Day
By Southland Marquee | Oct 26, 2023
Northern Trust recently held its second Charity Trading Day, a global initiative aimed at supporting four global charities in line with the company's philanthropic strategy. According to a press release by Northern Trust, employees and clients will also contribute their time and volunteer hours to various projects of these charities throughout the upcoming year.
Northern Trust Asset Management appoints new co-head of Wealth Client Group
By Southland Marquee | Oct 26, 2023
Northern Trust Asset Management (NTAM) has announced the appointment of Sunitha C. Thomas, CFA, as the co-head of their newly established Wealth Client Group. Thomas will be responsible for enhancing NTAM's engagement with Northern Trust Wealth Management clients and strengthening its position within the intermediary wealth management sector. According to a press release by Northern Trust, Thomas will report to Northern Trust Asset Management President Daniel Gamba.
Northern Trust publishes its Q3 2023 report
By Southland Marquee | Oct 23, 2023
Northern Trust Corporation reported its third-quarter financial results today, revealing a net income of $327.8 million, equivalent to $1.49 per diluted common share. These figures represent a decrease from the second quarter of 2023, where net income per share was $1.56, and a decrease compared to the third quarter of 2022, when net income per share reached $1.80.
BMO for Women Survey highlights gender gap
By Southland Marquee | Oct 21, 2023
BMO Harris Bank recently released survey results indicating that, as of the present, women entrepreneurs exhibit disparities in critical aspects of business financial planning, transition planning, and financial literacy in comparison to male entrepreneurs. The study uncovered that 64 percent of women business owners lack a comprehensive financial plan for their enterprises, contrasting with the 59 percent of men who do have such plans according to a press release by BMO Harris Bank.
BMO Blue Book report depicts resilient but slowing economy
By Southland Marquee | Oct 21, 2023
BMO Harris Bank has released its latest report, the BMO Blue Book, which provides an in-depth analysis of the U.S. economy and its performance in 11 specific regions. According to the report, the U.S. economy is expected to decelerate in early 2024 due to aggressive monetary tightening measures.
Chicago Community Loan provides loan for the ASPIRE Initiative
By Southland Marquee | Oct 18, 2023
The Chicago Community Loan Fund (CCLF) has provided a $3,333,333 loan to support the ASPIRE Initiative, according to a press release by CCLF. The ASPIRE Center, located on a three-acre property, is a collaborative project of the Westside Health Authority (WHA) and Austin Coming Together (ACT).
CME Group achieves over 6,000 contracts in T-Bill futures trading the first week
By Southland Marquee | Oct 11, 2023
CME Group, a global markets company, has reported that its newly launched Treasury Bill (T-Bill) futures trading activity exceeded 6,000 contracts in its first week. The futures align with the growing risk transfer activity in the U.S. Treasury market. CME Group announced that these contracts will soon be eligible for portfolio margining against other cleared interest rate swaps and futures.
The 2022 Bank of America Chicago Marathon sets a new record, contributing $386 million to Chicago's economy
By Southland Marquee | Oct 9, 2023
Bank of America has published a document detailing the economic impact of the 2022 Bank of America Chicago Marathon. According to the report, the marathon injected a record-breaking $386 million into the city's economy.
CME Group will introduce Micro Henry Hub Futures and Options on November 6
By Southland Marquee | Oct 4, 2023
CME Group, the world's leading derivatives marketplace, has announced plans to introduce Micro Henry Hub futures and options on November 6, pending all necessary regulatory reviews. These new contracts, which will be listed by and adhere to the rules of NYMEX, will provide global energy traders with additional flexibility in managing their natural gas exposure.
Arlington Capital Partners to Purchase Exostar from Thoma Bravo
By Southland Marquee | Oct 2, 2023
Thoma Bravo announced that Arlington Capital Partners has confirmed its acquisition of Exostar from Thoma Bravo. Exostar is a business collaboration provider in regulated sectors such as aerospace defense and healthcare according to a press release. The transaction is expected to close by the end of 2023, subject to regulatory approvals and customary closing conditions. Exostar, with its Exostar Platform, offers a secure environment for sharing sensitive information and facilitating secure, compliant, and efficient business transactions across complex networks of customers,...
Catalyst Consulting Group's Goal to Assist The Living
By Southland Marquee | Sep 27, 2023
As migration continues to be a defining global phenomenon, Catalyst Consulting Group has taken on the mission of providing temporary housing for asylum seekers. Their visionary initiative, known as the Migrant Village, aims to address the urgent need for stable and safe accommodation in the Greater Chicagoland area.