Latest News
City Council approves Mayor's People's Budget for FY2024
By Southland Marquee | Nov 23, 2023
The city of Chicago announced that Mayor Brandon Johnson's FY24 Budget was approved by the Chicago City Council with a 41-8 vote. The "People's Budget," totaling $16.77 billion, allocates funds to priority areas such as public safety and mental health care, along with investments in the youth of the city. This initiative came into effect after an extensive review and discussion process led by the council members.
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.
Chicago launches the Chicago Taskforce on Innovation and Technology
By Southland Marquee | Nov 6, 2023
The city of Chicago recently introduced the Chicago Taskforce on Innovation and Technology (CTIT). The task force is set to enhance technological solutions for city-related problems and services, according to a press release by the city of Chicago. "Chicago launches the Chicago Taskforce on Innovation and Technology," announced the city in its official statement.
Mayor appoints real estate executive as Commissioner of the Department of Planning and Development
By Southland Marquee | Oct 27, 2023
The city of Chicago has announced that Mayor Brandon Johnson has appointed Ciere Boatright as the Commissioner of the Department of Planning and Development for the City of Chicago. Boatright, who currently serves as the Vice President of Real Estate & Community Development at CRG, brings her extensive experience to the role.
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.
Chicago Community Loan Fund highlight pro-bono attorneys
By Southland Marquee | Oct 26, 2023
Chicago Community Loan Fund (CCLF) highlighted the work of pro-bono attorneys in a recent press release. The Chicago Lawyers’ Committee for Civil Rights (CLCCR) administers Pro Bono Works, a prominent pro bono initiative in Chicago, connecting attorneys with individual clients, small businesses, nonprofit organizations, and community-based groups.
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).
Chicago Community Loan Fund released its Second Quarter 2023 report
By Southland Marquee report | Oct 16, 2023
The Chicago Community Loan Fund published its Second Quarter 2023 report, highlighting various aspects of their initiatives and achievements. The report features insights into the Rimland grand opening, CCLF stakeholders meeting and the Chicago Neighborhoods Rebuild program, among other updates and events as outlined by the Second Quarter 2023 report provided by the Chicago Community Loan Fund.
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.
World records broken at 45th BoA Chicago Marathon
By Southland Marquee | Oct 11, 2023
Bank of America announced that Kelvin Kiptum (KEN) made history by becoming the first man to complete a sub-2:01 marathon in an officially sanctioned competition, setting a world record time of 2:00:35 at the 45th Bank of America Chicago Marathon. In addition to Kiptum's achievement, Sifan Hassan (NED) established a new women’s course record at 2:13:44, Marcel Hug (SUI) surpassed his own previous record in the men’s wheelchair race with a time of 1:22:37, and Catherine Debrunner (SUI) secured a new women’s wheelchair course record of 1:38:44 according to a press release.