MarketsPOD

Sergio Ermotti

Sergio Ermotti

Sergio Ermotti, one of the longest-serving bank CEOs in Europe, is leaving UBS Group AG on a high note, with the bank on Tuesday posting one of the best quarters since he began nine years ago.

London Metal Exchange

London Metal Exchange

The London Metal Exchange plans to extend the temporary closure of its venerable open outcry trading floor, known as the Ring, until early 2021 due to the continued rise of COVID-19.

BIDS Trading L.P.

BIDS Trading L.P.

Cboe Global Markets said Friday it has agreed to acquire BIDS Trading, a registered broker-dealer and operator of the BIDS Alternative Trading System, the largest U.S. block-trading ATS by volume.

New York State Department of Financial Services

New York State Department of Financial Services

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

DRW

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.

Joseph Sullivan

Joseph Sullivan

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

Deirdre Somers

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 LLC

Citadel Investment Group LLC

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.

London Stock Exchange

London Stock Exchange

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.

Trading Technologies International

Trading Technologies International

Chicago-based Trading Technologies International is reportedly up for sale. According to a Barron's report, the trading software vendor is expected to sell for an estimated $500 million.

LCH

LCH

The Central clearing counterparty (CCP) LCH will provide clearing services for Euronext stocks that are traded via Cboe Europe’s UK order books via a ‘preferred CCP’ model.  

James M. McDonald

James M. McDonald

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...

U.K. Financial Conduct Authority

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.

Bolsa y Mercados Espanoles

Bolsa y Mercados Espanoles

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.  

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