By JLN Staff "This is a great fit culturally," said CBOE CEO Ed Tilly, who is trying to pull off the biggest deal of his career, with the $3.2 billion acquisition of Bats Global Markets Tilly and his team was also looking for a deal that would create cost...
BATS Chi-X Europe
John Lothian Newsletter: CME challenges LME in its metals trading heartland; Bats Chi-X Europe to start continuous auctions for share trading; Human decisions blamed for August’s stock market rout
First Read A World of Opportunity Returns To London! Doug Ashburn - JLN MarketsWiki Education is headed back to London next month for another round of our World of Opportunity speaker series geared toward "the next generation of market participants" - college...
John Lothian Newsletter: BATS CHI-X Europe and ICAP launch exchange for trading and clearing physical transactions; Futures brokers feel strain from low interest rates and red tape; Bourses face closing auction challenge from Aquis
First Read Former JLN Intern Places 4th in Trading Competition Former JLN intern Evan Fabry and his teammates from the University of Illinois took first place in the BP Trading simulation this last weekend and 4th place overall. Evan's teammates included Greg Pastorek...
John Lothian Newsletter: ICE CEO Sprecher wants regulators to look at 'maker-taker' trading; U.S. regulator approves BATS/Direct Edge; SIX Group to build pan-European clearing house
First Read The CME Should Buy the CBoe Soon John Lothian The CME Group should buy the CBoe soon. I can’t believe I am writing this, but that is the conclusion I have come to. The reason why is that if they don’t act soon, the CBoe may become too expensive to justify...
John Lothian Newsletter: NYSE Busts Trades as Anadarko Falls to Penny; HKMEx surrenders trading license; Hemsley sees Bats take flight
A final-minute trading burst at the NYSE sent a stock’s price from $90 to $0.01 and back up again on Friday, causing the exchange to bust most of those trades afterwards. Fledgling Hong Kong Mercantile Exchange (HKMEx) ceased trading operations last week, relinquished...
John Lothian Newsletter: BATS’ European Arm Wins Exchange Status; SEC's Aguilar calls for robust supervision of exchanges; LSE Said to Hire Schwieger From Merrill as Equities Head
BATS Chi-X Europe gets regulatory approval to operate as a full-fledged exchange. An SEC commissioner advances the notion that self-regulating exchanges should also be actively overseen by the SEC. The London Stock Exchange picks up a new London head of equities from...
John Lothian Newsletter: Bats builds share in Russian names; China brokers boost prop trading profits; HKEx Appoints Group Chief Financial Officer
Bats Chi-X Europe more than doubles its market share for Russian depositary receipts over the last several months as it makes inroads into LSE territory. Securities brokers in China are doing better and better in their proprietary trading endeavors, while those...
John Lothian Newsletter: Bats Chi-X Europe names Equiduct's Howson COO; Andrew Ceresney Expected to Be Pick for S.E.C. Enforcement Unit; Futures regulators challenged by changing industry
Bats Chi-X Europe taps rival founder David Howson to take the COO reins. In the US, the SEC looks likely to choose Andrew Ceresney to take over from Robert Khuzami as enforcement director. Regulators, both “self” and the independent variety, struggle to find effective...
John Lothian Newsletter: LSE aims new market at high-growth SMEs; CFTC Delays Swaps Vote As Member Voices Concerns; Regulators review Bats’ plans for London exchange
The London Stock Exchange plans to start a new marketplace to allow small companies to list shares and raise capital while retaining control over much of their total shares. The CFTC, facing internal discord, delays a vote on venues for derivatives. Regulators in the...
John Lothian Newsletter: Bats Chi-X Europe to unveil price rises; Australian reforms to limit flash crash risk; Ex-SAC Manager Martoma Charged in Record Insider Scheme
Bats Chi-X Europe moves to substantially change its fee and cost structure for market participants. Australian regulators move to restrict and rein in high frequency traders and dark pool providers. An arrest is made regarding insider trading charges at SAC Capital...
John Lothian Newsletter: NYSE to sell stakes to plug capital gap; Bats Europe Said to Seek U.K. Exchange License; ADM in talks with feds on bribery probe
NYSE Euronext, faced with new European regulations for clearing, plans to sell an assortment of stakes in other ventures in order to build a bigger capital buffer. Bats Chi-X Europe sets forth to become the first alternative trading system to register as an exchange....
John Lothian Newsletter: ICE Asks SEC to Clear European Sovereign Swaps; S&P found guilty of misleading investors; BATS Chi-X Europe Introduces New Interbook Order Types
IntercontinentalExchange asks the SEC for permission to take on a new project: clearing swaps for five countries in Europe. Standard & Poor’s gets taken to the woodshed in Australia, as a judge rules that the company did indeed mislead investors by slapping an...
John Lothian Newsletter: NYSE Euronext puts UK data centre under review; Bats to target index providers amid benchmark debate; Critics say SEC rule enshrines failed model
NYSE Euronext is taking a closer look at the strategic value of its giant, two year old data center in the UK, in the hopes of finding a way to get more revenue from the underused facility. BATS Chi-X Europe is reaching out to independent index providers in the hopes...
John Lothian Newsletter: Bats Chi-X Europe remains firm market favourite; Stress for Banks, As Tests Loom; Eurozone launches E500bn rescue fund
BATS Chi-X Europe has seen its share of big changes, and it has managed to continue its role as a significant competitor in the region. Banks and regulators jockey for position regarding this fall’s latest stress tests, as banks want more details about how regulators...
John Lothian Newsletter
Today’s Newsletter
GameStop and Bitcoin Renewed a Push to Digitize the Stock Market
First Read $34,126/$300,000 (11.4%) ++++ Hits & Takes John Lothian & JLN Staff There is a new Van Gogh exhibit in New York billed as Van Gogh - The Immersive Experience. The site of this exhibit is the former trading floor of the NYMEX. The NYMEX trading floor...
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JLN Options Newsletter
Today’s Newsletter
Big $40 million options trade bets on near-term stock market tumble; London Whale lessons for Credit Suisse and Nomura
Big $40 million options trade bets on near-term stock market tumble; London Whale lessons for Credit Suisse and Nomura
Everything you need to know about Options Today