Posts written by Suzanne Cosgrove

Robinhood

Robinhood

Online brokerage Robinhood on Friday said it would allow limited buying of shares and options contracts on about a dozen volatile stocks, including GameStop, after imposing a temporary -- and controversial -- limit on buying the securities the previous day.

Short sale

Short sale

Online buyers of shares of the videogame company GameStop reportedly squeezed out hedge funds holding short positions in the company and sent the stock rocketing higher.

National Stock Exchange of India

National Stock Exchange of India

For a second consecutive year, the National Stock Exchange of India was ranked as the world’s largest derivatives exchange by volume traded in 2020, according to data from the Futures Industry Association.

Tim Geannopulos

Tim Geannopulos

Chicago-based Trading Technologies International this week named Tim Geannopulos its chairman and CEO. Geannopulos previously was the tech firm's global head of sales and takes over from Rick Lane.

London Metal Exchange

London Metal Exchange

After closing its open-outcry trading ring in March because of the pandemic and moving to all-electronic trading, the London Metal Exchange this week proposed permanently closing the 144-year-old Ring, saying volume remains consistently high without it.

Gary Gensler

Gary Gensler

Gary Gensler, former CFTC chairman from 2009-2014, has been picked by President-elect Joe Biden to head the SEC. Currently, Gensler is a professor at MIT Sloan School of Management and an advisor to the MIT Digital Currency Initiative.

London Stock Exchange Group

London Stock Exchange Group

The London Stock Exchange Group announced that the European Commission has approved its planned all-share acquisition of data and analytics provider Refinitiv, pending other regulatory approvals. The deal is expected to finalize in Q1 2021.

IHS Markit

IHS Markit

IHS Markit and CME Group today announced plans for a joint venture that combines their post-trade services for OTC markets, including trade processing and risk mitigation operations. The deal is expected to close in summer 2021 pending regulatory approval.

Nellie Liang

Nellie Liang

Economist Nellie Liang, former director of the Division of Financial Stability at the Federal Reserve Board, is reportedly under consideration for the position of U.S. Treasury’s undersecretary for domestic finance under President-elect Joe Biden.

OCC

OCC

The equity derivatives clearing organization OCC this week reported it set an annual volume record in 2020 with 7.52 billion U.S. listed futures and options cleared. Its prior volume record was set in 2018 with 5.24 billion total contracts.

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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