Jim Downs, founder and CEO of Connamara Systems, talked with JLN at FIA Expo 2019 about how the cloud can help minimize the impact of technology on the ability for entrepreneurs to start new exchanges.
Posts written by Sarah Rudolph
The Charles Schwab Corporation
The Charles Schwab Corporation is in talks to acquire TD Ameritrade, one of its biggest rivals, Bloomberg reported. This news comes only a few weeks after Schwab announced that it would let customers trade stocks for free.
Fidelity Investments
Fidelity was granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform for New York...
SPIKES Volatility Index
Miami International Securities Exchange (MIAX) and the Minneapolis Grain Exchange (MGEX) have launched futures on the SPIKES Volatility Index. The SPIKES Futures are available on MGEX via the CME Globex platform.
ION
Ion Group has agreed to a deal to buy the currency software supplier MarketFactory, which was founded in 2008 by two former ICAP employees to supply tools for dealers and brokers to connect directly to many different foreign exchange marketplaces.
Machine Learning in the Back Office: Bikram Singh of EZOPS
At FIA Expo 2019, Bikram Singh, the founder and CEO of EZOPS, talked with JLN about his company’s mission to apply machine learning in the post-trade process. Machine learning has been used in the front office for a while, but he says EZOPS uses it to maximize operational efficiencies to help the C-Suite minimize the time and resources spend dealing with reconciliation and managing data quality and correct “bad” data at its source.
Robert Litterman
Robert Litterman, a founding partner of Kepos Capital and a member of OCC’s Board of Directors, was appointed chairman of the Commodity Futures Trading Commission’s newly-established Climate-Related Market Risk Subcommittee.
B3
CME Group plans to begin trading cash-settled Brazilian soybean futures with Brazil's B3 exchange, giving traders a new hedging tool for disruptions in the flow of beans resulting from the U.S.-China trade war, Bloomberg reported, citing anonymous sources.
Hong Kong Exchanges and Clearing Ltd
Hong Kong Exchanges & Clearing Ltd.’s (HKEX's) shares fell 2.1% on Wednesday (down 4.7% for the week) because of worry that the continuing unrest in the city will cripple trading volume, which has fallen as many traders work from home.
European Energy Exchange AG
The European Energy Exchange (EEX Group) reached an agreement with Nasdaq Futures, Inc. (NFX) to acquire its futures and options exchange business, including the portfolio of open interest in NFX contracts. The transaction continues EEX's expansion into the U.S....
Intercontinental Exchange
The Intercontinental Exchange announced it will launch a new exchange in Abu Dhabi in the first half of 2020. The exchange, called Ice Futures Abu Dhabi, will host the first futures contract based on the state oil company’s Murban crude. Abu Dhabi National Oil Company...
Back in Court with Bcause – Year End Report
Wednesday was the last hearing scheduled for this year for the Bcause bankruptcy. The next court date is January 7 when the bankruptcy trustee’s disposition of Bcause’s remaining “asset,” the spot market, will be presented to the court.
Paxos
Last week, the Securities and Exchange Commission greenlit a pilot project led by Paxos in which blockchain will be used to settle trades in a limited number of stocks. The project hopes to construct a faster and cheaper way to process stock trades, potential...
Bermuda Stock Exchange
Miami International Holdings, the parent company of the MIAX, MIAX Pearl and MIAX Emerald options exchanges, has acquired a controlling interest in the Bermuda Stock Exchange.
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.