The New York State Department of Financial Services, New York’s top financial watchdog, said a dedicated regulator should oversee large social-media platforms, after a major cyberattack on Twitter Inc. during the summer.
DRW Execution Services, a unit of Don Wilson’s Chicago-based DRW Holdings, has applied to become a clearing member at the CME Group, Crain's Chicago reported. The Sept. 14 notice of DRW’s application listed Adam Garchik as the DRW Execution unit’s CEO.
Cboe Global Markets honored Joseph Sullivan III, founder and first president of the CBOE, with a moment of silence today before the markets opened. Sullivan, a former journalist turned options industry leader, died on October 2 at the age of 82.
Deirdre Somers has joined the exchange services group Aquis Exchange as an independent non-executive director. Somers was previously CEO of the Irish Stock Exchange, including during its transformation to Euronext Dublin.
Citadel Investment Group's broker-dealer arm, Citadel Securities, reportedly plans to expand its presence on the floor of the New York Stock Exchange with the acquisition of IMC's market making unit. The deal is expected to close by year-end.
The London Stock Exchange (LSE) is getting closer to completing its sale of Borsa Italiana to Euronext to get approval for its $27 billion Refinitiv deal and may announce the sale as early as Friday, according to a Bloomberg report.
CFTC Division of Enforcement Director James M. McDonald plans to step down Thursday, the Wall Street Journal reported. McDonald led agency probes of numerous market manipulation cases, including the recent one involving a fine of nearly $1 billion against JPMorgan...
The U.K. Financial Conduct Authority has told City of London firms they will have an extra 15-months to adapt to most new U.K.-specific rules imposed after the December 31, 2020 Brexit transition deadline.
Spanish stock exchange Bolsas y Mercados Espanoles (BME) has launched a new big data platform designed to improve transaction cost analysis and best execution service for clients seeking to comply with MiFID II rules.