Posts written by Suzanne Cosgrove

World Federation of Exchanges

World Federation of Exchanges

The World Federation of Exchanges today released research on market circuit breakers used amid recent COVID-19-related volatility. Among the findings: 67% of the exchanges studied said circuit breakers were hit in March 2020 and 30% are reviewing their calibrations.

U.K. Financial Conduct Authority

U.K. Financial Conduct Authority

The FCA today said it plans to ease certain rules for SPACs after a four-week consultation period. London stakeholders have complained current U.K. regulations leave them unable to compete in the SPAC marketplace versus U.S. and EU firms.

U.S. Department of the Treasury

U.S. Department of the Treasury

The Treasury Department and the European Union issued a statement on last week's U.S.-EU Joint Financial Regulatory Forum calling for continued global cooperation on a number of issues, including efforts to mitigate financial stability risks related to COVID-19.

Broadridge Financial Solutions, Inc.

Broadridge Financial Solutions, Inc.

Global fintech firm Broadridge today announced it agreed to acquire Itiviti Holding AB, a provider of trading and connectivity technology to the capital markets sector, in an all-cash transaction valued at $2.5 billion, pending regulatory approvals.  

Bank of England

Bank of England

The BOE and U.K.'s Financial Conduct Authority are urging bankers to rev up their switchover from LIBOR. Firms have been told to stop making syndicated lending commitments tied to sterling LIBOR after Q1.  

Cboe Global Markets, Inc.

Cboe Global Markets, Inc.

Cboe announced it will expand its global equities business in Asia with the acquisition of Chi-X Asia Pacific Holdings. The deal is seen closing in second- or third-quarter 2021, pending regulatory review.

TP ICAP

TP ICAP

TP ICAP announced it has completed the acquisition of Liquidnet, an institutional trading network and dark pool operator. The $700 million deal combines TP ICAP’s high-touch derivatives and cash equities group with Liquidnet’s low-touch block cash equities platform.

Catherine Clay

Catherine Clay

Cboe Global Markets today said it promoted Catherine Clay to executive vice president, Information Solutions, and also named her to Cboe’s executive leadership team. Clay will lead a new Data and Access Solutions division within the company.

SPACs

SPACs

Interest in SPACs, or special purpose acquisition companies, is growing even as analysts express concern about the pace of the investment boom. According to SPAC Research, U.S. SPACs have raised $89.7 billion in capital so far in 2021, up from $83.4 billion in 2020.

FIA BOCA-V: Dr.  Hakeem Oluseyi Bookends Boca with Inspiring Personal Story

FIA BOCA-V: Dr. Hakeem Oluseyi Bookends Boca with Inspiring Personal Story

The FIA Boca-V conference saw a slight deviation in form with its final keynote speaker on the topic of sustainability. Instead of an extended Q&A or a roundtable discussion among many panelists seen in sessions from previous days, FIA CEO Walt Lukken gave the floor to renowned astrophysicist and former space science education lead at NASA, Dr. Hakeem Oluseyi, to tell his life story.

Suzanne Cosgrove

Suzanne Cosgrove

Editor

MarketsWiki Profile

Suzanne Cosgrove is a journalist and communications professional who was formerly director of corporate communications at Cboe Global Markets. She is a contributing editor at John Lothian News.

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