Cboe completes acquisition of BIDS Trading
Cboe said the deal will give it a competitive advantage in off-exchange trading, which accounts for 40% of US equities trading volumes.
Americas
Citi joins American Financial Exchange as market maker for AMERIBOR interest rate swaps
The bank will offer position hedging of AMERIBOR futures and provide market making for AMERIBOR interest rate swaps.
SEC denies Cboe stock exchange speed bump proposal
The controversial speed bump was opposed by some of the markets most active participants and industry lobby groups.
Market structure changes to shake up repo trading
Recent rule changes in the US during the past two years have to a major rise in aggregate cleared repo and reverse repo volumes.
US asset managers reaching ‘tipping point’ to outsource front-office, says Northern Trust
Custodians are aiming to evolve their outsourcing business model and leverage new technology to accommodate front-office solutions.
Research unbundling crosses the Atlantic as US asset managers embrace change
TABB Group report finds large US equity asset managers are increasingly turning to research unbundling for cost savings and focus on best execution.
Citi’s co-head of Americas prime finance departs
The co-head of Citi’s Americas prime finance business has left after two years with the US bank.
Northern Trust launches new global options trading desk
The new global options trading desk will sit within Northern Trust's institutional brokerage business.
Miami International to launch cash equities exchange
US equity options exchange group announces new plans for cash equities exchange slated to launched in Q2 2020.
Former SEC commissioner joins board of directors at IEX
Kara Stein to join IEX board of directors after completion of term as SEC commissioner in January.