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News & Commentary
Content tagged with Exchanges posted in January 2013
Mandatory Electronic Exchange: Determining the Right Market Model for OTC Derivatives
Commentary  |  1/31/2013  | 
While global derivatives regulations are in various stages of implementation, there is a concern that moving bespoke swaps from low-tech, high-touch, bi-lateral voice transactions to multiple trading venues could harm liquidity, according to consultants at Sapient Global Markets.
Nasdaq Profit Tops Expectations As Non-Trading Revenues Rise
News  |  1/31/2013  | 
Nasdaq OMX Group reported a higher fourth-quarter profit on Thursday, as an increase in non-transaction-based revenues outweighed an industry-wide drop in trading volumes.

Nasdaq OMX to Combine Global Data and Index Businesses
News  |  1/29/2013  | 
Exchange operator looks to combined unit for data distribution and product innovation as a revenue opportunity.
ICE's CEO Has Fielded Calls About Selling Euronext
News  |  1/29/2013  | 
ICE has received inquiries from rivals interested in buying NYSE Euronext's European stock exchanges once ICE completes its purchase of the New York-based exchange operator.
The Kyte Group Goes Live with AlgoSpan
News  |  1/28/2013  | 
Futures commission merchant The Kite Group is tapping AlgoSpan for low-latency infrastructure and access to European exchanges/MTFs, to meet the demands of HFT clients and hedge funds.
Open Letter to Mary Jo White
Commentary  |  1/25/2013  | 
Themis Trading's letter to Mary Jo White asks the SEC Chairman nominee to consider regulating dark pools, changing the SRO rule-making process and banning payment for order flow at all levels.
ICE Eyes IPO of NYSE Euronext's Equity Exchanges in Europe After Deal Closes
News  |  1/24/2013  | 
InterContinental Exchange is buying NYSE Euronext to become a global powerhouse in derivatives, but European equities are a different story.
The SEC Squashes Nasdaq's Algo Proposal, Citing Competitive Issues with Brokers
News  |  1/18/2013  | 
A proposal by Nasdaq OMX to offer benchmark order that are similar to algorithms offered by brokers, raised regulatory, risk and competitive issues at the SEC.
Direct Edge to Seek Brazil Exchange License in 'Weeks'
News  |  1/16/2013  | 
Direct Edge Holdings plans to apply for a license to operate a Brazilian exchange in "a matter of weeks."
Are Exchange System Errors the New Normal in High Speed Markets?
Commentary  |  1/11/2013  | 
A steady string of technical glitches at the nation's exchanges has cast a shadow over high speed trading.
BATS Glitch Is Latest to Highlight the Complexity of the Markets
News  |  1/11/2013  | 
The complexity of modern markets means there are bound to be more events such as the systems error that led to hundreds of thousands of trades being executed improperly on BATS Global Markets.
ICE Would Weigh Euronext Sale for Right Offer
News  |  1/11/2013  | 
IntercontinentalExchange would consider selling Euronext as an alternative to floating it if bids for the European stock market emerge during ICE's planned $8.2 billion takeover of NYSE Euronext.
BATS Glitch is Latest to Highlight the Complexity of the Markets
News  |  1/11/2013  | 
The complexity of modern markets means there are bound to be more events such as the systems error that led to hundreds of thousands of trades being executed improperly on BATS Global Markets over the past four years, the head of the No. 3 U.S. equities exchange said on Thursday.

Another Technical Issue From BATS Rattles Confidence
News  |  1/10/2013  | 
Yesterday, BATS Global Markets notified clients that hundreds of thousands of transactions may have been executed at inferior prices, raising concerns about the resiliency of computerized trading.
BlackRock to Buy Credit Suisse ETF Business
News  |  1/10/2013  | 
BlackRock is to buy Credit Suisse's exchange-traded fund (ETF) business that will give the U.S. asset manager greater scale in Europe.

U.S. Debt Ceiling No place for Stand on Spending: Nasdaq's Greifeld
News  |  1/9/2013  | 
The U.S. borrowing limit should not be used as leverage by members of Congress to force the Obama administration to cut spending as there will be other opportunities to make a stand, said Robert Greifeld, chief executive of Nasdaq OMX Group.

Celoxica Launches Futures Trading Platform
News  |  1/4/2013  | 
Based on FPGAs, Celoxica released a low-latency platform for futures traders seeking to capitalize on short-term price disparities on CME/ICE and Liffe/Eurex.
Themis Trading's 2013 U.S. Market Structure Predictions
News  |  1/3/2013  | 
From a high-frequency trading firm taking out a Super Bowl ad, to new HFT legislation that includes a transaction tax, Themis offers 10 predictions for the U.S. markets in 2013.
World Shares Hit Highest Since July 2011
News  |  1/2/2013  | 
World shares hit their highest level since July 2011 on Wednesday after U.S. markets jumped sharply in response to the deal to prevent a fiscal crunch from sending the giant economy back into recession.

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