LEAD STORY ICAP set for futures as its adds PLUS exchange
Luke Jeffs, Reuters
ICAP has completed its contested takeover of PLUS Stock Exchange, a key strategic deal for the British broker as it gears up to challenge NYSE Euronext and Deutsche Boerse by moving into futures trading.
The broker and PLUS Markets Group said on Thursday that they had completed the acquisition, which will net PLUS shareholders about 640,000 pounds ($1 million).
http://jlne.ws/PBytyB State Street Adds New Corporate Bond ETF Options
Tom Lydon, ETF Trends
Investment interest in fixed-income bonds and exchange traded funds has grown as wary investors remain uncommitted to the equities market. In response to the growing demand, State Street Global Advisors, the sponsor of the SPDR ETF line, launched two new corporate bond ETFs on Tuesday.
http://jlne.ws/KBwoU5 Low-Volatility ETF Sees Huge Inflow
Paul Weisbruch, ETF Trends
We typically look for interesting developments in the ETF world in terms of uncovered, unrecognized products, or compelling ETF options trading trends or even just money flows that are out of the ordinary in this column.
In the past two sessions, a relative newcomer to the ETF space has suddenly garnered a ton of institutional assets, and in short order: iShares MSCI USA Minimum Volatility Fund (NYSEArca: USMV).
http://jlne.ws/KBwxXu Global hedge fund industry undergoes significant change
HedgeWeek
The hedge fund industry has undergone significant change since the beginning of the financial crisis, resulting in the need to grow operational infrastructure and increase transparency, says a report by KPMG, and the Alternative Investment Management Association (AIMA).
http://jlne.ws/MyC0vz OptionMonster Volatility Sonar Report with Jamie Tyrrell of Group1 Trading: OptionMonster: The Daisy Cutter

Exchanges

CBOT gets CFTC green light for longer grain pit trading day
Reuters
The Commodity Futures Trading Commission has approved the Chicago Board of Trade’s plan to extend open-outcry grain trading by 45 minutes a day, according to the agency’s website.
http://jlne.ws/Ne472n Nasdaq Unveils European Derivatives Ambition
Michelle Price, NASDAQ
Nasdaq OMX Group Inc. (NDAQ) said Thursday it plans to launch a new London-based interest-rate derivatives platform, making it the latest exchange to attempt to break into the tight-knit European derivatives market.
The U.S.-headquartered exchange operator said it plans to bring competition to the European derivatives market–which is dominated by NYSE Euronext’s (NYX) Liffe and Deutsche Boerse AG’s (DB1.XE, DBOEF, DB9.XE) Eurex–through a new derivatives platform named Nasdaq OMX NLX.
http://jlne.ws/MyBmyf CBOE, C2, CFE, and CBSX Trading Schedule for Independence Day Holiday
Press Release
CBOE Holdings, Inc. (NASDAQ: CBOE) today announced the trading schedule for Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), CBOE Futures Exchange (CFE) and CBOE Stock Exchange (CBSX) in observance of the Independence Day holiday.  The trading schedule is as follows, with all noted times Chicago time: Tuesday, July 3
CBOE and C2:
– Equity Options will close at 12:00 p.m.
– Options on ETFs that normally close at 3:00 p.m. will close at 12:00 p.m.
– Options on ETFs that normally close at 3:15 p.m. will close at 12:15 p.m.
– Index options will close at 12:15 p.m.
CFE:
– Futures that normally close at 3:00 p.m. will close at 12:00 p.m.
– Futures that normally close at 3:15 p.m. will close at 12:15 p.m.
CBSX:
– All stock trading will close at 12:00 p.m. Wednesday, July 4
CBOE, C2, CFE and CBSX will be closed
http://jlne.ws/MyCC4c

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