Deutsche Boerse and London Stock Exchange Group are turning their attention to securing approval for their proposed merger from dozens of regulatory bodies around the globe. The shift comes after more than 89% of Deutsche Boerse shareholders voted to approve the merger.
The Monetary Authority of Singapore is letting domestic companies trade on the CBOE Futures Exchange, which hosts futures on the CBOE Volatility Index and other volatility indexes. "Singapore is the gateway to the Asian investment community, and the country has worked to establish itself as a key futures trading hub," CBOE's Andy Lowenthal said.
The introduction of auctions to the options market has resulted in sluggish growth during the past five years, and traders have called on the Securities and Exchange Commission to tackle the issue. "Corrective steps need to be taken to safeguard the high level of competitiveness that has served the options market for over 40 years very well," according to a letter from a group of market makers.
An industry panel overseeing the Securities and Exchange Commission's creation of a consolidated audit trail has nominated IEX Group to a committee that helps decide which entity builds the trail. IEX, which launches Friday as a full-fledged exchange, will be the first exchange with a speed bump aimed at reducing the effect of high-frequency trading, although other exchanges are evaluating the concept.
The Securities and Exchange Commission has asked for comment on a proposal from the Financial Industry Regulatory Authority requiring members to disclose US Treasury trades. Companies such as Virtu Financial and Citadel say deals should be even more transparent, suggesting public release of data and release of information on market participants beyond FINRA members.
Traders have dubbed the cattle-futures market "the meat casino" because of fluctuation. The turmoil has raised concern among producers and has led CME Group to introduce steps to enhance its cattle market.
Coal has emerged as one of the hottest commodities of 2016, less than a year after the industry was said to be dying. "Coal markets, after five years of declining prices, appear to have found a bottom in the first quarter," according to Australia's Whitehaven Coal.
Join the FIA Operations Americas division at its 12th Annual Golf Outing for Chicago on Sept. 26. The outing will benefit the scholarship fund for children of division members. In addition, part of the proceeds raised from the event will help fund other activities and general operating expenses of FIA Operations Americas. Practice your swing on the fairway. Register today.