People
Tradition appoints former CME EMEA head Everaert in tech role
Interdealer broker Tradition has appointed former CME Group executive Michel Everaert to head up its electronic trading business, with responsibility for integration of new technology
Trading
Cboe plans to close crypto exchange, move bitcoin futures
Cboe Global Markets will shut down its cryptocurrency spot market and move its futures from its standalone exchange after a strategic review of the business
Trading
Ten banks, market-makers back BGC US treasury futures venue
BGC Group has announced a group of ten strategic partners for its much anticipated US Treasury futures trading platform, marking a milestone in its bid to challenge CME’s dominance in the US rates market
Trading
ANALYSIS: Competition heats up in Japanese risk-free rate market
There has been a spike in volume in the nascent Tokyo Overnight Average Rate (TONA) future market this year, but senior executives agree there is more to do to harness the potential of the Japanese risk free rate market
Trading
High-frequency trading boosts EEX power derivatives market
The European Energy Exchange (EEX) has cited a growth in adoption by algorithmic traders as it reported record volumes in its European power derivatives markets for the last 15 months
People
Marex to list shares today on Nasdaq at $19 a share
London-based Marex said on Thursday it will list in its April 25 initial public offering 15.4 million shares on the New York-based Nasdaq Global Select market under the ticker MRX
Trading
Deutsche Boerse backs fixed income strategy despite flat revenues
Senior executives at Deutsche Boerse are confident in their fixed income projections, after a rise in volume failed to increase revenues in the segment due to the cost of incentive schemes and margin related factors in the first quarter
Trading
CME reports first quarter revenue up 3.2% to $1.49bn
The Chicago-based group reported on Wednesday clearing and trading revenue of $1,208.9m in the first three months of this year, which was up 0.7% on the same time last year, while CME’s market data earnings rose 5.8% to $175.4m
Trading
‘No major bottlenecks’ in clearing fire drill – ESMA
The European regulator has said it found no major operational issues after its participation in the largest global central counterparty (CCP) “fire drill” exercise last year
Regulation
ANALYSIS: US Treasuries market braces for clearing mandate
Speaking on a panel hosted by the Institute of International Finance, US Treasury securities experts discussed the efforts to impose central clearing in the vast US fixed income market and their likely effects
Trading
HKEX derivatives market grows as revenue slides 6%
HKEX has said growth in its derivatives franchise, including a rebound in the performance of its London Metal Exchange (LME) venue after last year’s nickel market closure, has helped counteract a slide in cash and listings activity in the first quarter
Trading
Deutsche Boerse quarterly revenue up 16% boosted by SimCorp
Deutsche Boerse is pressing ahead with plans to integrate its new technology and data division, after the acquisition of SimCorp was cited as a key driver for an increase in revenue in the first quarter
Trading
CME pledges first US corporate bond futures on June 17
CME Group has confirmed it will start trading US corporate bond index futures in two months, after first announcing the move earlier this year
Trading
FCA plans to extend ‘greenwashing’ rules to portfolio managers
The UK regulator is considering extending its new rules restricting “greenwashing” in environmental, social and governance (ESG) financial product marketing, capturing portfolio managers in the rules set to come into force next month
Trading
ANALYSIS: Pressure builds on US Basel Endgame capital rules
A number of former regulators have said that a wave of criticism means a redraft of the US version of Basel III capital rules (called “Endgame”) is likely with the process drawing out into next year
Trading
Trading Technologies eyes spread trading with algo launch
Trading Technologies International (TT) has expanded its algorithmic execution product suite with a new spread execution service
Trading
ICE to boost environmental activity with mini futures launch
Intercontinental Exchange (ICE) has said the launch of its first small-sized EU carbon allowance (EUA) futures will help fuel growth in its environmental product suite, after it hit a 27-month high
Trading
FIA calls for tweaks to DTCC US Treasury clearing plan
Trade body the FIA has flagged concerns that changes to allow the Depository Trust and Clearing Corporation (DTCC) to service a move to US Treasury clearing need to consider the role of Futures Commission Merchants (FCMs) in the market
People
EXCLUSIVE: G.H. Financials chief executive Shi to leave in May
Shi, who became chief executive of G.H. Financials in November 2022, is leaving next month when the company’s new chair Jerome Kemp will become interim CEO until a replacement is found
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