| May 24, 2022 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Lead Stories | | | U.S. court sides with SEC on market data overhaul in blow to big exchanges
John Mccrank - Reuters
A U.S. appeals court on Tuesday said the Securities and Exchange Commission can proceed with its overhaul of the way essential stock market data is collected and disseminated, striking a blow to exchanges that earn revenue from the data and had opposed the plan.
The SEC in 2020 approved new rules governing public data feeds that it said would also improve transparency and address inefficiencies in the collection and dissemination of the data, following years of complaints by brokers that the exchanges that control the data are conflicted in their role.
Nasdaq Inc (NDAQ.O), Intercontinental Exchange Inc's (ICE.N) NYSE unit, and Cboe Global Markets (CBOE.Z), opposed the plan, which allows firms other than the exchanges to develop and sell data products based on data obtained from the exchanges.
/jlne.ws/3NtdZdM
FTX Reportedly Seeks Acquisitions in Brokerage Space
The crypto exchange announced its move into stock trading in the US last week
Ben Strack - Blockworks
Crypto exchange FTX has reportedly spoken with stock trading startups it may be interested in acquiring, as the company has revealed plans to broaden its offerings to investors.
Sources familiar with the discussions told CNBC that the Bahamas-based firm has spoken with Webull, Apex Clearing and Public.com in recent months.
/jlne.ws/3PH2wJu
Insiders Put Recession Angst Aside to Binge on Their Own Stocks
Purchases poised to top sales for first month since March 2020
Buoyancy at odds with souring mood from Wall Street, investors
Lu Wang - Bloomberg
Investors bailing on stocks because they're afraid of a recession may want to consider the buying spree that is happening among people in charge of American businesses.
Corporate insiders, whose purchases correctly signaled the bear-market bottom in 2020, are bottom fishing during the S&P 500's longest stretch of weekly losses in two decades. They were rewarded Monday, as stocks jumped almost 2% on optimism the US will lift some tariffs on Chinese goods.
/jlne.ws/3z291kt
| | | | | | Exchanges | | | Cboe Periodic Auctions Go Global
Shanny Basar - MarketsMedia
Cboe Global Markets launched periodic auctions in the US in April this year after pioneering them in Europe, and may introduce the order type in other geographies.
Adam Inzirillo, head of North American Equities at Cboe Global Markets, told Markets Media that periodic auctions launched in the US on April 14 and that he is encouraged with the number of clients that are currently live.
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TheoTrade Partnership With the Small Exchange: a Boon for Traders
Business Wire
Free Lifetime Community Memberships to the Small Exchange for TheoTrade
Subscribers Cut Costs and Make Derivatives Trading More Accessible
TheoTrade, the premier financial education platform, announced an arrangement with the Small Exchange (SMFE) that expands its innovative services for traders. Through this partnership TheoTrade subscribers are now eligible to obtain a free lifetime Community Membership - a $100 value - to the Small Exchange, thereby cutting costs and making futures and options on futures more accessible to more people.
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Eurex wins one of the world's largest pension fund managers for repo clearing
Eurex
As of mid-June 2022, APG Asset Management N.V. (APG), one of the world's largest pension fund investment managers, will start accessing Eurex's centrally cleared repo markets. Eurex offers institutional investors like pension funds direct access to cleared repo markets and derivatives clearing through its ISA Direct clearing services. Including APG, Eurex's pension fund clients have more than EUR 1 trillion assets under management. They have direct access to Eurex repo markets to address market liquidity concerns as well as regulatory-driven challenges.
/jlne.ws/3wGPtQM
The evolving role of collateral management (transformation) & collateral mobility
Eurex
Eurex caught up with, Danny Foster, Head of Derivatives Clearing Sales at HSBC on the evolving role of collateral management transformation & collateral mobility
How is the landscape for collateral management changing?
We are seeing significant increases in collateral requirements, with a greater proportion of cleared activity taking place, as well as more counterparties coming under UMR and, therefore, needing to post margin bilaterally.
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| | | | | | Regulation & Enforcement | | | Titans of crypto and finance are fighting over this Washington agency
The battle between the two lobbying armies is the latest Washington flare-up between titans of new and old finance as officials try to figure out how to set rules for the digital currency industry.
Sam Sutton - Politico
A crypto trading platform's bid to let day traders place leveraged bets on digital assets has turned a small federal agency into a lobbying battleground, pitting the startup against old-school financial exchanges that see it as a major threat.
FTX, a global crypto exchange led by 30 year-old billionaire and political mega-donor Sam Bankman-Fried, has engaged in a full-court press convincing the Commodity Futures Trading Commission to sign off on its plan to let investors use borrowed money to trade crypto around the clock.
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| | | | | | Technology | | | TECH TUESDAY: Options Market Technology in Focus
Editorial Staff - Traders Magazine
TECH TUESDAY is a weekly content series that covers all aspects of capital markets technology. TECH TUESDAY is produced in collaboration with Nasdaq.
Greg Ferrari, Vice President and Head of U.S. Options at Nasdaq, spoke at the Options Industry Conference held May 10-12 in San Antonio.
Traders Magazine caught up with Greg to learn about the current landscape for options technology, innovation in the industry, and how Nasdaq stays at the technological forefront.
What are the primary latest developments in options trading technology, from an industry standpoint?
Greg Ferrari, Nasdaq
Nasdaq runs high throughput, low latency, scalable and highly secure systems to facilitate the price discovery and risk transfer process between buyers and sellers of option contracts. We're laser focused on processing quotes and orders as efficiently as possible to deliver a high-quality experience for liquidity seeking participants.
/jlne.ws/3LDmpOl
ECXX TAPS ONETICK FOR DATA MANAGEMENT AND ANALYTICS
OneTick is asset class-agnostic and currently has customers across FX, equities, futures, CFDs, FI, and options.
Finance Feeds
Tick data management and analytics provider OneMarketData has announced that ECXX, an asset based digital securities exchange, has selected OneTick Trade Surveillance.
The Singapore-based digital asset exchange platform caters to both professional traders and accredited investors and can run an ecosystem with high-liquidity to deliver trustable and secured digital asset trading services.
/jlne.ws/3LGCwL9
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| | | | John Lothian News (JLN) is the news division of John J. Lothian & Company, Inc. (JJLCO). The online media and financial services firm is staffed by derivatives industry, journalism and technology professionals. | | | | | | | John Lothian News Editorial Staff: | | | John Lothian
Publisher | | | Sarah Rudolph
Editor-in-Chief
| | | Jeff Bergstrom
Editor
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