ICE to Get Cash & Some TMX Group Assets The Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), is selling a Trayport, a vendor of pre-trade energy solutions for traders, brokers and exchanges, to the TMX Group, parent company of the Toronto Stock Exchange, in exchange for certain TMX Group assets and… Read More >>
ICE Expands Reach of NYSE Trading Floor
The New York Stock Exchange (NYSE) is expanding its floor-based transaction operations so that by the end of this year the venue will trade 8,600 U.S. listed securities — including exchange traded products (ETFs) — facilitated by the migration to an integrated trading technology platform NYSE Pillar. The expansion plans of NYSE, which is owned… Read More >>
SEC Fills Key Post for Enforcement Division
SEC Appoints Associate Director for SEC Division Melissa Hodgman has been named associate director in the SEC’s enforcement division, succeeding Stephen L. Cohen, who left in June, the SEC reports. Hodgman began in the division in 2008 as a staff attorney, according to a statement, which notes also that she joined the market abuse unit… Read More >>
Thomson Reuters Targets Buy Side via REDI Acquisition
Market data, trading systems and news giant Thomson Reuters has acquired REDI Holdings, whose REDIPlus execution management system (EMS) will become part of the vendor’s suite of data and trading offerings, intended to attract more buy-side firms. The REDI acquisition will help Thomson Reuters provide an integrated workflow solution to the buy-side trading community, officials… Read More >>
NYSE, Nasdaq & Bats Join Forces on Volatility Rules
Bats Global Markets (Bats), the Nasdaq Stock Market and the New York Stock Exchange (NYSE), a subsidiary of Intercontinental Exchange, have been working together for about a year on a way to harmonize key functions of U.S equity markets to “increase resiliency during times of extreme volatility,” confirm officials from all three exchanges. “In the… Read More >>
U.S. Fights Back Against Iranian Hackers
The threat of cyberattacks was prominent again in the news last week as the Department of Justice via the U.S. Attorney’s Office for the Southern District of New York unsealed grand jury indictments against seven hackers based in Iran charged with running coordinated cyber-attacks on U.S. financial services firms and securities exchanges. In fact, Justice… Read More >>
CME May Spur Bidding War for the LSE
There is a sense of déjà vu in the air with talk of a $28 billion merger between Deutsche Börse and the London Stock Exchange Group (LSEG). The two have been circling around each other for years but as in the past, rival exchanges may try and break the bond. This time around the Intercontinental… Read More >>
NYSE Group Advances Pillar Platform Rollout
After completing a key rollout phase last week, NYSE Group officials report that they are continuing to test a new transaction processing system intended to streamline access to equities and options markets. Officials alerted traders about the NYSE Pillar system and its symbol migration steps this past Thursday. “Beginning tomorrow, Friday, February 26, 2016 all… Read More >>
ICE Promotes to Fill Senior Management Posts
ICE Promotes Senior Managers Intercontinental Exchange, Inc. (ICE), the operator of clearinghouses, data services and such exchanges as the New York Stock Exchange, reports the following senior management moves: Ben Jackson, president and chief operating officer (COO) of ICE Futures U.S., has been named to the newly created post of ICE chief commercial officer, where… Read More >>
ISC Creates a Map for T+2 Move
The nitty gritty of shorter settlement cycles is getting clearer as the U.S. T+2 International Steering Committee (T+2 ISC) has submitted its Implementation Playbook to the SEC on December 18 and released to the industry on Dec. 21 to provide the industry with a timeline to help them move to a two-day settlement cycle (T+2)… Read More >>
