ICE Sale of NYSE Technologies Spurs Executive Shuffle NYSE Technologies has a new, temporary president, Benjamin R. Jackson, as its new owner, IntercontinentalExchange Group (ICE), plans to sell off key businesses of the unit as a result of its acquisition of NYSE Euronext.ICE has put up for sale key NYSE Technologies components as the… Read More >>
SocGen Meets Voice Regs via New Turrets as ICE to Shut Down New York Portfolio Clearing
New Turrets Help Société Générale Meet U.S. Voice Regs Société Générale’s deployment of trading turrets, recording services and a trading network infrastructure will help the New York branch of the bank meet U.S. regulatory requirements for the capture and retention of voice communication, including mobile calls, says Lionel Grosclaude, CEO at Etrali Trading Solutions,… Read More >>
Top FCMs Help Buy Side with Central Clearing Deadline
Commodity pools, private funds, banks and securities firms began the second phase of required clearing yesterday for Category 2 credit default and interest rate swaps and top U.S. clearing brokers serving as futures commission merchants are taking steps to help buy-side firms meet their requirements mandated by the CFTC.The CFTC has waived the clearing requirement… Read More >>
Tradeweb Founder Joins GFI as CME Group Mulls Sale of Nymex Building
Tradeweb Founder Joins GFI Group Tradeweb Markets founder James W. Toffey has joined brokerage GFI Group as global head of electronic markets to oversee GFI’s services as a global operator of electronic marketplaces for professional traders and market makers of cash and derivative financial and commodity products, officials say.At Tradeweb, Toffey served as the CEO… Read More >>
Numerix’s COO Is the Next CEO as the CME Group Announces Board Nominees
Numerix Promotes COO to CEO Numerix, a cross-asset analytics vendor for derivatives valuations and risk management, has promoted its president and chief operating officer (COO) Steven R. O’Hanlon to the post of CEO and president, officials say. Dr. Gregory Whitten, who held the position of CEO since 2003 will remain as chairman of the board.O’Hanlon… Read More >>
Hurricane Sandy Halts U.S. Equity & Options Trading for Monday
Hurricane Sandy has closed all equity and options exchange trading in the U.S. for Monday, Oct. 29 as the massive, life-threatening storm batters the East Coast of the U.S. The regulators and exchanges have not yet decided whether to resume trading on Tuesday. In a related move, the CME Group will be closing its U.S…. Read More >>
CME Group Hires Executive Director for Push into Korea
CME Group Hires Executive Director for Push into Korea Derivatives exchange giant CME Group has appointed Sung Hee Hong from the Korean Exchange (KRX) as executive director, head of Korea to lead the expansion of CME’s presence in Korea, confirm officials. In this newly created position, Hong will report to Julien Le Noble, CME group’s… Read More >>
Three Reasons to Suspend Your Agita
Much of the recent coverage of global financial markets has been disturbing. The endless sovereign debt crisis in Europe, the Facebook IPO fiasco and the billions that JPMorgan Chase & Co. lost are causing agita for many. I will attempt to provide a much-needed, if short, distraction by pointing out some very interesting financial technology… Read More >>
Q&A: CME Group Readies Open OTC Clearing Solutions
Mark Cox has served as director of clearing solutions and services at the CME Group since February 2010. His team is responsible for the design and delivery of clearing services for interest rate swaps (IRS), credit default swaps (CDS), foreign exchange (FX) and commodity over-the-counter (OTC) clearing initiatives globally. He also is responsible for all… Read More >>
