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Tag Archives: William Brodsky

JLN Options: Options Week in Review Jan. 17, 2013 Newsletter,Options

The CBOE plans to revamp its 15-member board to make it more independent, in line with its rivals NYSE Euronext, Nasdaq OMX and ICE, whose board members have no direct ties to trading firms. The restructuring is part of the exchange’s response to an SEC investigation stemming from alleged violations of securities laws by a unit of OptionsXpress, the Wall Street Journal reported. The board changes were not requested by the SEC. The CBOE’s CEO Bill Brodsky, who will step down as CEO and let Edward Tilly take over in May, said the exchange has no plans for a merger…

JLN Options: CBOE Holds its Own in 2012 – JLN Options Newsletter,Options

CBOE holds its own in 2012by Sarah Rudolph William Brodsky has chosen an auspicious time to step down from his role as the Chicago Board Options Exchange’s CEO and become executive chairman of the board. The CBOE has seen steady growth in trading volumes from 2000-2011; average daily volume was down seven percent in 2012, but that was after the exchange hit a record high in 2011, and the 2012 number was an increase over 2010. “We had a good year in what was a relatively bad year for the financial industry,” Brodsky told a group of reporters at a…

John Lothian Newsletter: NSE, Japan’s JPX plan Nifty futures for Osaka; ICE would weigh Euronext sale for right offer; Investors put $18bn into equity funds John Lothian Newsletter,Newsletter

The National Stock Exchange and Japan’s new Japan Exchange Group announce plans to create yen-denominated Nifty futures contracts. IntercontinentalExchange says that if the circumstances are right, they’d consider selling Euronext. Already this year, $18 billion dollars have flowed into US equity funds. In First Read today, along with the Bill Brodsky interview and one more shot at the Restoring Customer Confidence installment, take a look at this week’s New Kids on the Block interview with Phillip Futures.

John Lothian Newsletter: BATS Says ‘System Issue’ Has Led to Pricing Problems Over Past 4 Years; SEC enforcement chief Khuzami is leaving; Deutsche Boerse Faces $340 Million Fine Over Iran John Lothian Newsletter,Newsletter

BATS Global Markets says that hundreds of thousands of transactions over the last few years may have been completed in violation of SEC rules. Robert Khuzami, without admitting or denying guilt, announces that he is departing from the SEC. Deutsche Borse’s Clearstream has begun talks with the US Treasury department to resolve problems with Iran-related transactions. In First Read today, take a look at JLN’s new Bill Brodsky interview, as he talks about leaving the CBOE after a 15-year stay.

John Lothian Newsletter: CBOE Holdings Announces Leadership Changes; Nasdaq closes in on Thomson Reuters unit; LCH.Clearnet Plans Clearing Tie-Up With Aussie Banks John Lothian Newsletter,Newsletter

CBOE Holdings announces that William Brodsky will step down as CEO after the company’s May 2013 annual meeting. Nasdaq OMX gets closer to the finish line with its plans to acquire the corporate services unit of Thomson Reuters. LCH.Clearnet applies to begin offering interest-rate swap clearing to banks in Australia, beginning in early 2013.

John Lothian Newsletter: CBOE looks to set up London base; Citigroup to launch commodity trade finance business; Liquidnet launches Philippines dark pools John Lothian Newsletter,Newsletter

CBOE announces plans to expand into London with VIX futures.  Citigroup, seeing the European exodus from commodity trading by banks and other firms, decides to take a seat at the table.  Liquidnet opens up its ninth dark venue in Asia in the Philippines.