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Tag Archives: Intercontinental Exchange

Slick Transition: ICE Clear Europe’s Paul Swann Talks NYSE Integration Interview,Regulation,Video

ICE Clear Europe is at the center of the Intercontinental Exchange’s effort to expand across Europe, as well as integrate NYSE Liffe products into its market. The clearing house has been busy trying to adjust to new regulations and structural changes in the industry, not to mention merge business lines with the former NYSE family of exchanges. Paul Swann, president and managing director of ICE Clear Europe, said the clearing strategy for ICE has expanded greatly from just clearing energies in 2008 to now clearing credit swaps and a new host of NYSE Liffe contracts. In June, ICE finished phase…

Exchange CEO Series – ICE Cover: Jeff Sprecher takes on “fierce” competition, regulators and hackers Interview,Regulation,Video

Exchanges have never faced more challenges and opportunities than they do today.   John Lothian News sat down with six exchange CEOs at the 2014 FIA Boca Conference to talk about their views on four main topics: competition, regulation, growth and technology. Here’s what Jeff Sprecher, CEO of the IntercontinentalExchange Group (ICE), had to say about each. “It’s interesting to me that regulators today are trying to introduce more global competition when in reality, for those of us who are in the business, we realize that competition has never been more fierce and more global,” Sprecher said. “And frankly, we are…

JLN Options: Dealers Ask SEC to Force Exchanges to Broadcast Floor Trades Newsletter,Options

Lead Stories Dealers Ask SEC to Force Exchanges to Broadcast Floor TradesPeter Chapman, Traders MagazineThree options market-making firms have petitioned the Securities and Exchange Commission to require the four options exchanges that operate floors to expose large block trades to all market participants-both on-floor and off-floor-electronically.http://jlne.ws/13pSPCz Wall St. eyes weekly gain after jobs reportChuck Mikolajczak, Reuters (via Chicago Tribune)Stocks jumped on Friday, putting the S&P 500 on track to halt its first two-week losing skid of the year after the May jobs report pointed to an economy still in need of central bank support.http://jlne.ws/14m2Jq4 Gold options in charts: Volatility picking…

JLN Options: Citadel Asks Supreme Court to Hear Derivatives Case Newsletter,Options

Lead Stories Citadel Asks Supreme Court to Hear Derivatives Case Jacob Bunge, The Wall Street JournalOne of the biggest U.S. derivatives traders has joined a long-running legal battle over a lucrative slice of the market and asked the Supreme Court to decide the matter.Citadel LLC, which trades one in five stock-options contracts dealt daily on U.S. markets, has called on the nation’s highest court to loosen the hold of the Chicago Board Options Exchange over heavily-traded contracts linked to major stock indexes.http://jlne.ws/ZBUP5n U.S. Stocks Little Changed as Stimulus Optimism FadesLindsey Rupp & Nikolaj Gammeltoft, BloombergU.S. stocks were little changed, paring…

JLN Options: Fiscal cliff uncertainty stirs Vix volatility Newsletter,Options

Fiscal cliff uncertainty stirs Vix volatilityDow Jones NewswiresThe market’s so-called fear gauge vaulted above a closely watched level Thursday on “fiscal-cliff” anxiety, before soothing news pulled the Vix down and diminished deep stock-market declines late in the day. With less than five days remaining to reach a budget agreement to advert the fiscal cliff, the Chicago Board Options Exchange’s Volatility Index Thursday jumped to the highest intra-day level since July – before pulling a remarkable turnaround to highlight investor indecisiveness.http://jlne.ws/12Uj7vN Call Ratio Trades in SPDR Gold Trust (GLD)The Options InsiderPosted by Andrew Giovinazzi in Unusual ActivityShares of the SPDR Gold…

John Lothian Newsletter: Trustees settle over MF Global assets, Top 10 (or 12) 2013 Predictions, 2013 will be a watershed for financial reform, Madoff, in Christmas Eve Letter John Lothian Newsletter,Newsletter

December 26, 2012:  We’re back after a short Christmas holiday. Today’s issue features a number of predictable prediction stories for 2013, including one from former IMF economist Simon Johnson and another from Forbes.  There is also a  break though in the bankruptcy case for MF Global customers as trustees announced a major settlement.  Also, if you missed it yesterday, take a look at the ongoing Restoring Customer Confidence series with James Gellert, who talks about rating FCMs, and our Allan Schoenberg video interview, as he explains how CME Group increasingly utilizes social media as a content distribution platform to discuss…

JLN Options: ICE to buy NYSE Euronext for roughly $8.2 billion Newsletter,Options

Lead Stories ICE to buy NYSE Euronext for roughly $8.2 billionBen Fox, MarketWatchIntercontinentalExchange Inc. ICE agreed to buy fellow exchange NYSE Euronext NYX in a roughly $8.2 billion cash-and-stock deal, in a merger that will vastly expand ICE’s profile.http://jlne.ws/SZ2AFZ** ICE is the relative newcomer that sprang up in 2000 and only 12 years later is taking over the world. Jeffrey Sprecher has been a force to be reckoned with ever since he knocked the socks off of everyone at FIA Boca by challenging the CME’s bid to acquire the CBOT. — SR NYSE sale to ICE and the death of…

John Lothian Newsletter: Osaka Considers Pricing Change to Boost Volume; Getco to add clearers to European dark pool; India’s UCE to Begin Operations by Year End John Lothian Newsletter,Newsletter

OSE is thinking about offering rebates to traders for taking positions in volatility index futures on the exchange.  Getco plans to add two new clearers to its dark pool in Europe, angling for new OTC clearing business.  Universal Commodity Exchange, India’s sixth national commodity trading venue, gets ready to open its doors by year end.  Speaking of creating new places to trade, volume statistics are out for many of the exchanges around the world; you can get links to all the diamonds-amid-dark-clouds news in our “Exchanges and Trading Facilities” section.  In First Read, John Lothian answers the question, “Are we…