Intercontinental Exchange (ICE) officials are acknowledging “recent press speculation” that they may put forth an offer to buy the LSEG, which has gone public with its potential merger of two equals with Deutsche Börse. As outlined by LSEG and Deutsche Börse officials, the potential merger would be “structured as an all-share merger of equals under… Read More >>
Bats Picks Concannon to be Its New President
Bats Global Markets has named a former Nasdaq Stock Market executive vice president, Chris Concannon, to be its next president, officials say. He takes on the post after his predecessor had a controversial exit in July. Most recently, Concannon was the president and chief operating officer (COO) of electronic market maker Virtu Financial, officials say…. Read More >>
ADR Corporate Action Processing Grows Up
Michael Silverence is hoping that the days of using PDFs to spread the word in the U.S. and globally about the corporate actions impacting American Depositary Receipts (ADRs) are numbered. The BNY Mellon vice president, who oversees global product management, particularly innovation and technology, has been heavily involved in a project to automate corporate actions… Read More >>
Marianne Brown to continue as head of Omgeo as the DTCC buys out Thomson Reuters
Marianne Brown will stay on as president of Omgeo as the DTCC buys out Thomson Reuters Marianne Brown will continue to serve as president and CEO for Omgeo as the DTCC begins its acquisition of the other half of the post-trade services provider from market data and news giant Thomson Reuters, ending a 50-50 partnership… Read More >>
NYSE to Administer LIBOR as Ageon Goes Global with Markit EDM
NYSE Euronext Hopes to Redeem LIBOR A subsidiary of NYSE Euronext — the NYSE Euronext Rate Administration — will be the new administrator for the London Interbank Offered Rate or LIBOR and exchange officials are hoping they can redeem the reputation of the interest rate benchmark, tarnished by scandal.LIBOR reference rates are used for short-term… Read More >>
Wall Street Layoffs and Bonuses Are Back as Colin Powell to Speak at Fiserv Forum
DiNapoli Report: Upward Spiral for Bonuses and Layoffs Bonuses for 2012 will rise by 9 percent during this year’s bonus season as profits for broker/dealer operations of NYSE Euronext exchange members tripled compared to profits earned in 2011, according to report from the office of the New York State Comptroller Thomas P. DiNapoli.At the same… Read More >>
Broadridge Names Two Executives as NYSE Clearing Hires a Chief Risk Officer
Broadridge Picks a COO and Chief Revenue Officer Broadridge Financial Solutions has promoted Tim Gokey to the post of chief operating officer (COO) from his role as corporate senior vice president and chief corporate development officer. The vendor has also named Stephen Racioppo as chief revenue officer.The promotion of Gokey is in keeping with the… 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 >>
SWIFT, Princeton Financial, NYSE Euronext, Advent Software
SWIFT Fills Top Marketing Post Financial messaging services cooperative SWIFT has named Javier Pérez-Tasso as the replacement for its former head of marketing, Gottfried Leibbrandt, who moved up to the post of CEO earlier this month. Pérez-Tasso will take on the role of Marketing Executive and will report to Leibbrandt. Pérez-Tasso will be responsible for… Read More >>
