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Tag Archives: Reg SCI

Bigger Picture: BATS Execs Willing To Collaborate To Expand Options Business Interview,Options

BATS Global Markets has a hand in both equities and options, and its options market, though relatively new, is holding its own among the growing list of options exchanges. John Lothian News’ Sarah Rudolph caught up with Kapil Rathi, a VP of options business strategy at BATS (along with Jeromee Johnson), and Bryan Harkins, BATS executive vice president and head of U.S. markets, at the Options Industry Conference in Miami Beach earlier this month, where she spoke to them about BATS’ plans for a new exchange, how to grow the pie in the options space, BATS’ new proposal for small-cap…

OIC Conference Preview: BOX CEO Ed Boyle on how the options industry is working to address market challenges Interview,Options,Video

At this year’s Options Industry Conference in Miami Beach, participants will discuss such crucial industry issues as market quality and deteriorating volumes, the implementation of Dodd-Frank and Reg SCI, technology and risk management. The conference is hosted by BOX Options Exchange, whose new CEO, Edward Boyle, spoke with John Lothian News about some of these issues and what’s being done to address them. Deteriorating markets are a concern of the whole industry, and the conference is a great place for those in the industry to get together to talk about that and other problems, Boyle said. “A lot of people…

The Life of SCI: John Rapa Looks at the SEC’s Reg SCI Interview,Regulation,Video

After several high-profile market disturbances, from the 2010 “flash crash” to the Knight Capital algorithmic meltdown in 2012, the SEC considered a new set of rules to tighten up system compliance and integrity. The rules, known collectively as “Reg SCI” became effective in February 2015. John Rapa, president and CEO of Tellefsen & Company and a 30-year veteran consultant to exchange market structure, walks us through the new rules and what they mean for exchanges, dark pools and market participants. “It’s making mandatory what’s been voluntary up to now,” says Rapa. “Identification of mission-critical systems, testing processes, procedures, and testing…