Trading
BGC to launch US treasury futures on September 23 - sources
BGC Group is on track to meet its planned September go live for its FMX futures venue, FOW has learned, a first step in its ambitious plans to win market share in the growing US rates market
People
ZISHI hospice charity walk nears fund-raising target
The ZISHI team, comprising a dozen staff including chief commercial officer Danny Langley and global head of professional services Robert Russell, walked 15 miles from Tower Bridge to Putney Bridge zig-zagging the Thames via its many bridges
Trading
Cboe August volume flat due to lighter single stock trading
Cboe Global Markets has reported a slight decline in August options activity, as a spike in index activity was counteracted by a decline in its single stock complex
Trading
CME to launch Bloomberg Commodity options on September 23
CME Group is looking to expand liquidity in its Bloomberg Commodity (BCOM) Index complex with the launch of options on its futures contracts
Trading
ICE trading volumes up 29% in August as volatility drives hedging
Intercontinental Exchange (ICE) has reported another strong month of trading volumes, becoming the latest exchange to enjoy the spoils of increased market volatility driving hedging in its commodity and financial derivatives products.
People
Former Cboe head Tilly to become chief exec at Clear Street
Clear Street has appointed Edward Tilly as chief executive, an additional role after he joined the firm as president in July
Trading
EEX reports European power volumes up 48% in August
The European Energy Exchange (EEX) has reported trading volume in European power derivatives up 48% in August, driven by significant growth in its dominant German market alongside France, Italy and Spain
Trading
Hong Kong trading slows as Aussie volumes spike
Asia’s HKEX saw a slowdown in trading as the ASX reported a double digit increase in trading volume last month pointing to a mixed period for the region
Trading
Trade bodies issue proposals to grow European markets
Two trade bodies have published recommendations for renewing rules aimed at growing European liquidity, calling for more clarity and targeted rulemaking
People
Two CFTC commissioners dissent against digital assets fine
Two commissioners at the Commodity Futures Trading Commission (CFTC) have questioned its authority on digital assets, after Uniswap Labs was fined for offering illegal digital asset derivatives trading.
Trading
CME August volumes up 31% to second busiest month ever
CME Group has reported its second-highest ever monthly average daily volume (ADV) for August, rising 31% year-over-year with double-digit increases across all six asset classes.
People
ANALYSIS: LCH chief questions US Basel Endgame as clearing 'works'
LSE Group-owned LCH thinks the way clearing houses currently operate works and increasing their costs under the US Basel Endgame proposals is not the solution in addressing risk concerns, according to a senior executive.
Trading
LME proposes block trading rules in latest planned reforms
The London Metal Exchange (LME) has targeted block trading limit rules as part of a raft of measures designed to increase liquidity and support electronic trading
Trading
Costs set to rise due to US Treasury clearing regulation – Greenwich
US Treasury market users expect the cost of trading to increase, but anticipate more competition from new venues ahead of new clearing mandates set to be rolled out next year, according to research from Coalition Greenwich
People
Eurex to launch latest total return future on September 30
Eurex issued on Tuesday a circular seen by FOW that the management board of Eurex Deutschland has decided to launch on September 30 a STOXX Europe 600 index total return future (TRF)
Trading
Eurex August volumes up 16% with growth in all segments
Eurex has reported a 16% rise in trading volume in August, led by strong growth in interest rate and equity derivatives, while lots in index derivatives more moderately increased.
People
LCH still weighing US Treasury clearing service - chief executive
LCH is still considering its options about entering the US Treasury clearing space, a London Stock Exchange (LSE) Group executive has said, while expressing concerns about the timeline of the new mandate for the world's largest fixed income market.
People
ANALYSIS: B2C2 boosts management for institutional crypto drive
Leading over-the-counter crypto market maker B2C2 has added a US regional head as part of plans to significantly grow its client network – in a bid to get ahead of an expected rollout of final rules by global regulators
Trading
Clearing firms should upgrade systems amid regulatory changes - Nasdaq
Clearing firms should upgrade their technology stack to accommodate new regulations as global rules look set to force more of the market into using their services, according to research
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