BATS learn lessons from past IPO issues, O’Malia on risk tweaking and more…frantically busy day for me as I travel, here’s today’s daily exchange bulletin…
Last call for ICDA Blockchain conference next week: To qualify for a GBP 320 discount ticket (normal price GBP 695) use the code “YOUNG320” to claim your discount here.
John McCrank – Reuters
Approval of a new regulatory standard related to the U.S. stock exchange application of startup trading platform IEX Group would prompt exchanges to create thousands of new order types and greatly complicate the market, Nasdaq CEO Robert Greifeld said on Tuesday.
Huw Jones – Reuters
“Effective data reporting is absolutely essential to the derivatives reform program set out by regulators,” Scott O’Malia, CEO of the International Swaps and Derivatives Association (ISDA), said in a joint statement with 12 other trade bodies.
Ann Saphir – Reuters
CME received notice from the Federal Reserve that it is authorized to open an account at the U.S. central bank, allowing it to better safeguard cash deposited by its traders.
Aoife White & Gaspard Sebag – Bloomberg
Markit & ISDA are in settlement talks with the EU in a bid to end a five-year antitrust investigation into the CDS industry.
National Settlement Depository (NSD), Russia’s CSD, and Misr for Central Clearing, Depository and Registry (MCDR), Egypt’s CSD, have signed a MoU at the Moscow Exchange Forum.
Nicole Bullock – Financial Times
Chris Concannon, CEO of Bats, frequently has his rival US exchanges operator and former employer Nasdaq on his mind.
Shrimi Choudhary – Business Standard
Metropolitan Stock Exchange of India (MSEI), formerly MCX Stock Exchange (MCX-SX), has listed around 130 companies and is in the process of doing so for another 40 on its platform. Most of these were earlier listed on the now-defunct Delhi SE.
Sri Lanka’s bourse will reimpose a 0.3% share transaction levy it stopped in January after a proposal to tax capital gains met strong opposition amid a foreign outflow from the stock market.
Special Section: FTI, NSEL, India at the Crossroads
PLY: MCX up 1.5%, FTIL up 2%.
Cloud9 Technologies LLC, a cloud-based voice trading communication provider for financial firms and institutional traders, announced the closing of an initial investment round with J.P. Morgan, ICAP, and Barclays. Cloud9 replaces traditional telephone-based trading hardware (turrets) to deliver secure, compliant, real-time voice communications for the trading community while adhering to stringent compliance and security standards required by financial professionals.
Jayshree P. Upadhyay & Sachin P. Mampatta – Livemint
Keynote Address Of CFTC Commissioner J. Christopher Giancarlo Before The Cato Institute, Cryptocurrency: The Policy Challenges Of A Decentralized Revolution – “If Allowed To Thrive, Blockchain May Finally Give Regulators Transparency”
LME has extended its Liquidity Provider Programme (LPP) to include nickel, tin and lead, and has also reopened its tender for market-making positions in aluminium, copper and zinc.
Anirudh Laskar – Livemint
Sebi will frame a new set of eligibility criteria for a commodity to be used as an underlying asset in the futures market.
Ram Sahgal – The Economic Times
New products like options or indices or an expanded list of futures for the commodity derivatives market could see the light of day in H2 of FY17 after the subgroup of the Commodity Derivatives & Advisory Committee (CDAC) on new products and participants submits comprehensive recommendations to Sebi by June end.
Dhaka SE will launch ETF soon to diversify the stock market.
LeapRate reports that Nick Hamilton has joined FastMatch as of April 11th, as the Director of Sales – Europe. Nick joins FastMatch after 3+ years at Citigroup where he was responsible for eFX Sales out of London to UK Hedge Funds including Global Macro Hedge Funds, CTAs and Systematic Funds.
FOW reports that Cleartrade Exchange (CLTX) is set to part ways with its CEO Richard Baker at the end of April.
PLY: Good luck to Richard with his next position, he has been an interesting force in the commodities and freight trading world…
11 – 17.04 – Coinsilium’s Blockchain Tech Lab at Runway East at Finsbury Square, London
12-14.04 – ISDA AGM – agenda
19 – 20.04 – ICDA Blockchain Conference
26.04 – CFTC’s Market Risk Advisory Committee – agenda
New! 09.05 – TMX Q1 2016 Results – press release
All forthcoming exchange / investment related events are now listed in our Events page.
ICE insider Charles A. Vice sold 3,500 shares on Wednesday, April 6th at $235.24 (bargain $823,340.00). He now owns 63,483 shares.
ICE Director Frederic V. Salerno sold 837 shares on Monday, April 11th at $232.62 (bargain $194,702.94). He now owns 3,253 shares.
Testimony On The Fiscal Year 2017 Budget Request Of The U.S. Securities And Exchange Commission – Chair Mary Jo White Before The Subcommittee On Financial Services & General Government Committee On Appropriations United States Senate