Industry News supplied by John Lothian
Date: Feb 28, 2013
CME Group is considering the creation of a credit-default swap futures product, which would set it toe to toe against rival IntercontinentalExchange. US regulators are considering making it tougher to execute block futures trades, as they remain concerned that market participants may look to avoid new derivatives rules. China unveils a new trading platform that [...]
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Industry News supplied by John Lothian
Date: Feb 27, 2013
HKEx posts a tough quarter amid declining listings. LCH.Clearnet has a new CEO as it prepares to open a new US derivatives clearinghouse. Regulators pursuing justice, or at the very least large fines, against offenders in the LIBOR rate-fixing scandal are hoping to reel in three more major targets by summertime. First Read Hong Kong [...]
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Industry News supplied by John Lothian
Date: Feb 26, 2013
Regulators put pressure on derivative-selling banks to disclose their internal valuation for the products. China steps up to provide greater regulatory control to its fast-growing shadow banking system. A new group in the UK sets out on a quest to find a new administrator for the heavily-wounded LIBOR benchmark. First Read Deutsche Börse AG not [...]
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Industry News supplied by John Lothian
Date: Feb 25, 2013
CME Group is said to have approached Deutsche Boerse to begin talks about creating a merger. Spain’s main stock exchange has seen a marked drop in volume since a short-selling ban was lifted at the start of this year. Investment company BlackRock gets a green light to start an exchange-traded fund for copper, which some [...]
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Industry News supplied by John Lothian
Date: Feb 22, 2013
CME Group and two former employees are on the receiving end of a CFTC lawsuit alleging that the company inappropriately disclosed private information regarding customer trades. Singapore Exchange delays the start of trading on their upcoming iron ore futures contract until April, to give customers more time to prepare. Commodity broker Cargill becomes the first [...]
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Industry News supplied by John Lothian
Date: Feb 21, 2013
The CEO of Deutsche Boerse starts an opportunity committee focused on ways to increase its presence in Asia. Swiss exchange operator SIX and Deutsche Boerse break off their joint operation of Frankfurt-based Scoach. The London Stock Exchange’s bond trading platform ORB does increasing business in an environment of hesitant business lending. In today’s First Read, [...]
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Industry News supplied by John Lothian
Date: Feb 20, 2013
The ICE-NYSE Euronext takeover plan passes an antitrust hurdle as the US Department of Justice takes no action to stop the deal. The CFTC is taking a closer look at CME Group’s new interest-rate swap futures contracts, to see if they allow traders to bypass new regulations and oversight. In Europe, exchanges and trade groups [...]
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Industry News supplied by John Lothian
Date: Feb 19, 2013
Liquidnet targets a threefold increase in European business, and plans to bring in the new business from fund managers there. Eurex gets the green light to offer its full range of services to companies and people in South Korea. Singapore’s central bank considers discontinuing the Sibor interbank lending rate, which has been tainted by rate-rigging [...]
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Industry News supplied by John Lothian
Date: Feb 15, 2013
Nasdaq OMX is looking at shifting its “premarket” trading session even earlier in the morning. A study of multiple years of error corrections at exchanges suggest that despite recent headlines, the incidence of trade glitches is on the decline. Moscow Exchange completes its long road to an IPO, prices at the bottom of its range, [...]
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Industry News supplied by John Lothian
Date: Feb 14, 2013
Bolsa Mexicana de Valores stands up and says, “Bring us your high frequency traders”. Gary Gensler fears that hedge funds and banks might work together to avoid stricter risk control rules. The EU proposes a financial transaction tax; US Treasury says it’s a stupid idea. In First Read today, take a close look at the JLN [...]
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Industry News supplied by John Lothian
Date: Feb 13, 2013
The London Stock Exchange plans to start a new marketplace to allow small companies to list shares and raise capital while retaining control over much of their total shares. The CFTC, facing internal discord, delays a vote on venues for derivatives. Regulators in the UK ask Bats Chi-X Europe to please step forward. In First [...]
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Industry News supplied by John Lothian
Date: Feb 12, 2013
Nasdaq talks to Carlyle about a buyout; the talks don’t produce a deal, but they do produce a lot of talk and speculation. The head of the stock exchange in Turkey has plans to catch up to the country’s recent increase in visibility on the world’s stage. NYSE Euronext reveals plans to spin off its [...]
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Industry News supplied by John Lothian
Date: Feb 11, 2013
The head of alternative venue Equiduct is said to be leaving the company as meetings to decide the fate of the company progress. NYSE and BIDS Holdings is closing its block trading unit due to insufficient interest, as a way to reduce costs. CME Group is now just weeks away from beginning to clear off-exchange [...]
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Industry News supplied by John Lothian
Date: Feb 8, 2013
Brazil’s regulator gives a thumbs up to ICE to start bond-trading platform Cetip. Moscow’s new exchange has hired a former LSE executive as its head of sales. As the US goes after S&P for bad product calls in 2008, many are wondering why other rating agencies who did similar things are being left alone. In [...]
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Industry News supplied by John Lothian
Date: Feb 7, 2013
ICE’s Jeff Sprecher thinks there are a lot of dumb things going on in stock trading, and figures that the acquisition of NYSE Euronext might be a way to advocate straightening some of it out. Nasdaq and BNY Mellon set up to debut options trading on US Treasuries. Commodity brokers in Europe launch a set [...]
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Industry News supplied by John Lothian
Date: Feb 6, 2013
IntercontinentalExchange pulls a nifty Q4 profit out of a challenging environment in 2012. CME Group finds evidence that OTC trading is being set aside in favor of exchange-traded products. Eurex and TAIFEX announce a product and clearing alliance. First Read IRS approves 60/40 tax treatment for EUREX products effective March 1, 2013 Harlan Ten Pas, [...]
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Industry News supplied by John Lothian
Date: Feb 5, 2013
With KCBT acquired, CME Group announces a plan to shut the regional grain trading floor in June. Singapore Exchange is aiming to buy a piece of clearing house LCH.Clearnet. Standard & Poor’s faces charges from various US entities, who feel that the company acted wrongly by issuing happy and positive ratings for a number of [...]
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Industry News supplied by John Lothian
Date: Feb 4, 2013
The UK plans to give its regulators the power to split up banks that refuse to ring-fence retail banking from higher-risk investment divisions. ICE is working to introduce futures contracts designed to shield investors from the risk of borrower default. Some banks combine high-touch brokers and low-touch trading desks, and find that the combination is [...]
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Industry News supplied by John Lothian
Date: Feb 1, 2013
International Securities Exchange rebrands itself and shifts direction toward ETFs in a bid to improve slumping volume. Financial hub Singapore is rattled by the new investigation into currency fixing allegations. LSE’s Turquoise platform announces that they, too, will be increasing trading fees as a way to squeeze more revenues from declining trading volume. First Read [...]
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