Stampede Capital arm becomes participant in CME Group's program

Stampede Capital has informed the exchanges that Stampede Financials Pte Ltd, Singapore-based wholly owned subsidiary of the company, has been approved as a participant in CME Group Inc’s International Incentive Program. This will enable Stampede to receive preferential fees on the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and Commodity Exchange products. Stampede Financials will act as the liquidity provider and electronic market maker across the globe for global exchanges, such as SGX, CME and DGCX. Stampede’s core expertise is Electronic Market Making, the proprietary algorithm based on Bayesian conditional probabilities. Shares of Stampede Capital fell 2 per cent at ₹378 on the BSE.