According to a Bloomberg News article, "the era of independent online brokers is over," as Morgan Stanley acquires E*Trade in a $13 billion deal.
Posts written by Sarah Rudolph
Members Exchange
JPMorgan, Goldman Sachs and Jane Street Capital have joined a number of other big Wall Street firms in a new round of funding for Members Exchange, a new stock-trading venue looking to challenge the established stock exchanges.
David Mitchell
David Mitchell, former GH Financials and Chi-X sales executive, has joined Eventus Systems this month as regional sales manager in the Chicago area.
HSBC Holdings Plc
HSBC said it will eliminate about 35,000 jobs as part of a radical downsizing of its operations in Europe and the US. The bank aims to cut annual costs by $4.5 billion by 2022.
BlackRock Inc.
The Intercontinental Exchange announced Thursday that it has integrated its fixed-income trading platform with BlackRock’s Aladdin, offering access to ICE Bonds’ Portfolio Auction functionality, an automated execution protocol for portfolio trading.
James E. Staley
Barclays Chief Executive Officer James E. "Jes" Staley is being investigated over his ties to the disgraced financier Jeffrey Epstein, the latest headache for the U.K.'s second biggest bank.
CCP12
The Global Association of Central Counterparties (CCP12) has published ‘Progress and Initiatives in OTC Derivatives – A CCP12 Report’, a second installment in a series of reports exploring the current and future ecosystem of OTC derivatives.
CME Group, Inc.
CME Group disclosed in an SEC filing that its board voted to amend its bylaws to eliminate B shareholder nominating committees that have put forward six B shareholder members each year for election to the board.
Tidjane Thiam
Tidjane Thiam resigned as CEO of Credit Suisse after months of pressure as the bank’s board ran out of patience with his response to a spying scandal involving his right-hand man.
A Cyber Security Update by vSEC, LLC
The CFTC asked all futures markets participants to report by January 20th if they had (or had not) been impacted by the Cloud Hopper security breaches described by the Wall Street Journal on December 30, 2019.
Hester Peirce
SEC Commissioner Hester Peirce has proposed a safe harbor for digital asset token projects which would give crypto startups a three-year grace period from their first token sale before the SEC determines whether they need to comply with the agency’s securities laws.
Bryan Durkin
CME Group has announced that Bryan T. Durkin will step down as president in May of 2020. He will then begin serving as a special advisor to the company. Also, CME Group's board of directors recommended that he be slated for election to the company's board at its May...
Intercontinental Exchange Group Inc.
The Intercontinental Exchange Group (ICE) approached eBay about potentially acquiring the online marketplace, The Wall Street Journal reported. ICE said it was exploring "a range of potential opportunities that might create value for the shareholders of both...
Hanweck
The risk analytics company Hanweck Associates, LLC has been acquired by Cboe Global Markets, Inc., the latter announced Tuesday.
Sarah Rudolph
Editor-in-Chief
SarahRudolph@JohnLothian.com MarketsWiki Profile
Sarah Rudolph is Editor-in-Chief at John Lothian News. She is a Chicago-based journalist who has concentrated on financial services. She joined John Lothian News in 2008.