Breaking News

Tag Archives: TMX Group

SEC Delays Decision on Chinese Buyout of CHX; Former HK exchange chief charged with conspiracy John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff CHX got the cold shoulder on Wednesday when the SEC decided to postpone their decision on the sale of the exchange to a group that includes Chinese investors. It’s a politically driven maneuver not far off from the XL Pipeline in the last administration, but it’s also an abdication of its responsibilities as a regulatory body. Leaving companies in limbo is bad policy, not to mention it will be noticed in Beijing the next time a US company wants to make an acquisition or deal there. You can have it both ways…

Montréal Exchange’s CEO Focused on Structural Adjustments Feature,Video,video

“The world is looking to trade more and more Canada and the fact that we’re only open during our own time zone is a bit prohibitive for some of the international clients.” Last year, Montréal Exchange launched single stock futures and it turned out to be its best product launch in a decade based on rapidly growing open interest. The exchange also revamped its 5-year bond contract in order to make sure all points on the curve are accessible. With those changes in place, 2017’s goals center around structural change. MX is altering its own rules to open its market…

Big Banks Poised to Scoop Up Fintech Startups, Report Finds; Frankfurt-London Truce Died Along With Deutsche Boerse Deal; Data Clash Heats Up Between Banks and New York Stock Exchange John Lothian Newsletter,Newsletter

First Read NEX Stop, The Future Of Markets Jim Kharouf – JLN Sometimes the machine needs a reboot. Such is the case with NEX Group, the former ICAP group minus the ICAP voice brokerage business. By now, we know that NEX’s CEO Michael Spencer looked to the future and decided that voice brokering wasn’t it. That doesn’t mean it isn’t valuable. But it just isn’t what he wants to do with his time or shareholder money. So what’s left? Plenty actually, although it took me a while to figure it out. In a simplistic sense, the company is rolling all…

New Reforms Could Make Banks More Vulnerable; Intercontinental Exchange Announces Agreement to Acquire TMX Atrium from TMX Group; Nex Group: a dude elides John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian We have added Johan Toll of Nasdaq to our March 1 Stockholm MarketsWiki Education World of Opportunity event. He will speak about blockchain. Unfortunately, Patrick Thornton-Smith of Duco had a conflict come up and will not be able to present. We hope to get PTS in the fall in London. John Damgard has agreed to speak at our July 21 event in Chicago. We are beginning work on lining up speakers for this summer’s series. Chicago is scheduled for July 17, 19 and 21. New York is set for July 11…

Options Signaling Momentum to Drive Stocks Higher; Options Say Italian Referendum Won’t Jolt Stocks Across Europe; Guess What Day It Is! It’s FOMC Day! Newsletter,Options

Lead Stories Options Signaling Momentum to Drive Stocks Higher Gunjan Banerji – WSJ Options that allow investors to wager on the S&P 500 are suggesting that the benchmark could keep setting fresh records. A post-election rally sent the Dow Jones Industrial Average above the 19,000-level this morning for the first time ever, as the S&P 500 breached the 2,200 threshold. Four major equity benchmarks hit all-time highs yesterday. ****SD: TD Ameritrade’s Ticker Tape has the skinny on recent market action – Record Run Continues, Driven By Oil Ahead of Possible Output Cut Options Say Italian Referendum Won’t Jolt Stocks…

John Lothian Newsletter: Electronic Trading Curbs Have Helped Canadian Market; Swell In Buyside Clearing, Surge Seen In June; Energy Derivatives Overhaul Spurs Nasdaq’s Germany Expansion John Lothian Newsletter,Newsletter

TMX Group’s chief says that their controls on electronic trading have created benefits for the market, and he thinks the rest of the world should pay attention. Swaps traders have routed half a trillion dollars worth of swaps through clearinghouses since Monday’s start of the new regulatory regime. An upcoming overhaul of energy trading rules in Europe could set Nasdaq and EEX back to back and counting off paces.

John Lothian Newsletter: Nasdaq OMX targets European derivatives trades; HSBC to pay record $1.9 billion fine in money laundering case; US audit trail cost forecast criticised John Lothian Newsletter,Newsletter

Nasdaq OMX takes a 25 percent stake in European trading platform The Order Machine. HSBC bank agrees to pay a whopper of a fine for laundering money. Tom Kloet of Canada’s TMX exchange group reacts with disbelief at the US cost estimates for creating a real-time market surveillance system. In today’s First Read section, see the fourth installment of JLN’s Restoring Customer Confidence series, Horizon Cash Management’s Michael Markowitz explains the third-party custodian model, whereby customers set up and manage excess margin at a bank outside the brokerage firm. You’ll also find a new interview with James Sinclair of…

John Lothian Newsletter: TMX To Close Alpha Listings Business; London Stock Exchange Gets French Okay For LCH.Clearnet Takeover; NYSE Gaining Ground On Nasdaq In IPO Race John Lothian Newsletter,Newsletter

TMX Group plans to discontinue the listing side of recently-acquired Alpha Exchange as it consolidates functions within the company. The London Stock Exchange gets a regulatory thumbs up in France to proceed with its LCH.Clearnet takeover. NYSE Euronext shows signs of taking over more of the technology-listing sandbox from Nasdaq OMX.

John Lothian Newsletter: Fall of Peregrine’s Wasendorf Presaged in Christmas Toast; Canada’s TMX in Talks to Buy Direct Edge; LSE and Singapore set to cross-trade John Lothian Newsletter,Newsletter

TMX Group, in the middle of being acquired, is looking to buy Direct Edge.  London Stock Exchange and Singapore Exchange create a preliminary agreement for cross-listing, possibly indicating closer ties between the exchanges. The CFTC may act on MFGlobal-prompted client-fund protection rules, now that PFGBest has lit another fire of need underneath that agency.