The Need for a Better Dialogue with Regulators – Ed Tilly, Cboe

Spencer Doar

Spencer Doar

Associate Editor

The SEC delayed its controversial Transaction Fee Pilot in the wake of litigation brought by Cboe, NYSE and Nasdaq, giving the exchanges a breather but not a full reprieve from the plan to test how rebates affect broker behavior. 

In this video from JLN’s Industry Leader Series, Cboe Global Markets Chairman, President and CEO Ed Tilly talks about why the Transaction Fee Pilot is a misguided effort in search of a problem, specifically raising the issue of why such a plan does not address the boom in dark pool trading. Tilly also addresses Cboe nearing the end of the Bats technology integration and gives an outlook for the exchange’s asset classes in 2019.

Produced by Mike Forrester

John Lothian Newsletter

Today's Newsletter

We visit more than 100 websites daily for financial news (Would YOU do that?)

Now Watch This

Things Are Looking Up for CloudMargin, CEO Says

Things Are Looking Up for CloudMargin, CEO Says

Stuart Connolly, the CEO of CloudMargin, told John Lothian News at FIA Boca 2022 that the company’s infrastructure has become even more critical because of events like the Ukraine war for moving collateral reliably as part of the whole collateral workflow. He said the company is growing with new clients and deals, retaining present clients and seeing growing acceptance of the cloud.

Vermiculus Chairman Nils-Robert Persson on launching during a pandemic and structuring his company for growth

Vermiculus Chairman Nils-Robert Persson on launching during a pandemic and structuring his company for growth

Nils-Robert Persson, chairman of the board of Vermiculus Financial Technology, had no intention of starting a new company after leaving Cinnober in 2019. What happened is he was asked and he couldn’t refuse. “When some of the best people you have ever worked with, and some of the customers you’re extremely proud of working with, come and ask you to start – it’s easy to start again,” Persson told John Lothian News at FIA Boca 2022.

SGX Group’s Michael Syn on remote work, internationalization, and maintaining SGX market fluency

SGX Group’s Michael Syn on remote work, internationalization, and maintaining SGX market fluency

The Singapore Exchange (SGX) is the largest US dollar clearinghouse in Asia, and it is the largest RMB clearing house in the world outside of China. The work of SGX in 2022 is to maintain its position of fluency in dollars, euros, sterling and RMB, making sure access is open to participants from around the world, said Michael Syn, senior managing director and head of equities at SGX.

Pin It on Pinterest

Share This Story