Posts written by Sarah Rudolph

Intercontinental Exchange Group Inc.

Intercontinental Exchange Group Inc.

Intercontinental Exchange (ICE) sold its stake in the US cryptocurrency exchange Coinbase for more than $1.2bn (€1bn) as it reported record revenues and net income for the first quarter of this year.

Euronext

Euronext

Euronext NV on Thursday completed its 4.4 billion euro acquisition of Borsa Italiana and is offering 30.5 million shares at an issue price of 59.65 euros each to help fund the deal, which was first agreed to in October 2020.

OIC 2021: ‘Washington Outlook’ is for a mix of clouds, not sunny skies, for Biden’s proposals

OIC 2021: ‘Washington Outlook’ is for a mix of clouds, not sunny skies, for Biden’s proposals

The main question batted around at The Washington Outlook panel at the 2021 Options Industry Conference on Wednesday was whether President Joe Biden can realize his hope for bipartisanship on his agenda, given that a large chunk of his new American Families Plan proposal is anathema to Republicans – in particular the proposed tax increases on the wealthy that would pay for much of it. 

Hong Kong Exchanges and Clearing

Hong Kong Exchanges and Clearing

Hong Kong Exchanges and Clearing's stock exchange posted its best ever quarterly profit as a boom in trading and in IPOs boosted profits 70% year-on-year to HK$3.8bn (US$490m) in the first quarter of 2021.

Joe Levin

Joe Levin

The late Joe Levin, who led development of the VIX Index, will be honored with the Joseph W. Sullivan Achievement Award at the 2021 Options Industry Conference this week, OIC and OCC announced.

TD Ameritrade

TD Ameritrade

A federal appeals court sided with TD Ameritrade in a court case over its routing of investors’ stock orders to high-speed trading firms in exchange for payments. The decision rejected a proposed class-action lawsuit.  

Alex Oh

Alex Oh

Alex Oh was appointed director of the Division of Enforcement of the SEC under the SEC's new Chairman Gary Gensler.

Binance

Binance

European regulators are looking into whether Binance has complied with securities rules over its launch of trading in stock tokens, which allow users outside the US, China and Turkey to trade equity shares through crypto coins, FT reports.

London Metal Exchange

London Metal Exchange

The proposed closing of the London Metal Exchange's trading floor is looking less certain after a backlash from major users. The LME board will meet Thursday to decide its future.

Robinhood

Robinhood

Massachusetts securities regulators on Thursday asked that Robinhood Financial's registration as a broker-dealer in the state be revoked, saying Robinhood has “continued a pattern of aggressively inducing and enticing trading among its customers."

Gary Gensler

Gary Gensler

Gary Gensler was confirmed by the Senate Wednesday to head the SEC, where he will lead work on new, stiffer federal regulations on oversight of major financial firms.

Bernard Madoff

Bernard Madoff

Bernard Madoff, the Manhattan investment adviser who defrauded clients of more than $19 billion in history’s largest Ponzi scheme, has died in prison at the age of 82.  

MarketAxess Holdings Inc.

MarketAxess Holdings Inc.

The fixed income platform provider MarketAxess completed its acquisition of MuniBrokers, an electronic venue for interdealer brokers and dealers, on April 9, The Trade reported.  

Hiromi Yamaji

Hiromi Yamaji

Hiromi Yamaji, the new head of the Tokyo Stock Exchange, told Nikkei he will push Japanese companies to adopt more robust governance rules in a major reorganization slated for next April.

Sarah Rudolph

Sarah Rudolph

Editor-in-Chief

SarahRudolph@JohnLothian.com MarketsWiki Profile

Sarah Rudolph is Editor-in-Chief at John Lothian NewsShe is a Chicago-based journalist who has concentrated on financial services. She joined John Lothian News in 2008.

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