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News & Commentary
Content tagged with Exchanges posted in March 2012
NYSE Euronext Plans Own Futures Clearing House
News  |  3/28/2012  | 
NYSE Euronext plans to create its own clearing house for futures transactions, a move that leaves LCH.Clearnet without a key customer.
BATS Sheds Light on Software Glitch that Scuttled IPO
News  |  3/27/2012  | 
According to BATS COO, Chris Isaacson, the electronic exchange operator successfully completed the IPO auction, but had a problem transitioning to continuous trading.
BATS IPO Business Still Open
News  |  3/27/2012  | 
After a humiliating meltdown when its own initial public offering had to be withdrawn, the exchange operator will continues with its IPO listing business nevertheless.
Global Exchanges Strike Back at Abusive HFT Technique
News  |  3/27/2012  | 
A growing number of exchanges are fighting quote-stuffing with fees aimed at punishing high-frequency traders for excessive order cancellations.
BATS' Software Glitch: Bad Things Happen
Commentary  |  3/26/2012  | 
After Friday's technical fiasco, BATS Global Markets was forced to withdraw the company's own I.P.O. and aplogize to its customers. But the computerized stock market shouldn't be crucified.
BATS Sticks with Europe Technology Plan After IPO Debacle
News  |  3/26/2012  | 
BATS Global Markets is sticking with a plan to move its Chi-X platform, Europe's largest share trading venue, to its own technology, after a software bug forced the exchange operator to take the embarrassing step of pulling its own listing last week.
BATS Flash Crash: Here's What Happened
Commentary  |  3/26/2012  | 
Say what you will about BATS' humiliating IPO, stock plunge and trading stop last Friday - the exchange operator is owning up to it and answering questions.
Thomson Reuters' Elektron to Power Dow Jones' U.S. Indexes
News  |  3/26/2012  | 
The move expands the existing collaboration between the rival news and market data firms.
BATS CEO: It Is With Great Humility
Commentary  |  3/26/2012  | 
BATs CEO Joe Ratterman says it was a software glitch and in a letter to clients and investors he is now explaining to clients and the investor community what exactly happened.
Flash Crash At BATS Renews Market Concerns
News  |  3/23/2012  | 
The crash caused BATS to halt its IPO on what should have been the proudest day in the exchange's history.
Suffering a "Flash Crash," BATs Withdraws IPO
News  |  3/23/2012  | 
The debut of BATS Global Markets Exchange Inc on Friday was overshadowed by a series of blunders, including its own shares erroneously trading for less than a penny and confusing investors.
BATS IPO Prices at Low End of Expected Range
News  |  3/23/2012  | 
The initial public offering is the first by an exchange since the Chicago Board Options Exchange went public in 2010.
NYSE Won't Appeal Veto of D.Boerse Deal
News  |  3/22/2012  | 
NYSE Euronext said on Thursday it would not join Deutsche Boerse in appealing the European Commission's decision to prohibit the $7.4 billion merger between the two exchange operators.
Deutsche Boerse to Sue EU Over Vetoed NYSE Deal
News  |  3/20/2012  | 
Deutsche Boerse says it will appeal the European Commission's veto of its deal to merge with NYSE Euronext in a European court in Luxembourg.
Liquidnet CEO Merrin Frowns On Exchange Mergers
News  |  3/20/2012  | 
The dark pool's founder said exchanges around the world would be better served with strategic alliances that can bring more value to institutional investors.
Could Self-Policing By the Industry Tame High-Frequency Trading?
News  |  3/19/2012  | 
Progress Software Chief Technology Officer John Bates breaks down why more exchanges are likely to follow the stance taken by Nasdaq OMX and Deutsche Borse in penalizing high-frequency traders for excessive orders.
Maple Sees Progress on TMX Takeover Approval
News  |  3/16/2012  | 
Quebec regulator intends to approve C$3.8 bln deal
CME Group's Rising CEO Mixes Wit, Swear Words, Diplomacy
News  |  3/15/2012  | 
Phupinder Gill, named this week to be CME Group's next CEO, is a straight-shooting CME veteran who mixes in salty speech (for a CEO).
NYSE Technologies Extends SFTI to Singapore Exchange
News  |  3/14/2012  | 
Partnership with the Singapore Exchange is the latest expansion of SFTI.
CME Group CEO Donohue to Retire at Year’s End
News  |  3/13/2012  | 
Donohue helped expand the firm into every major asset class with its purchases of the CBOT and NYMEX.
CME's Donohue to Step Down; Gill Named New CEO
News  |  3/13/2012  | 
Current CME Group president Phupinder Gill will replace Craig Donohue, the exchange's chief executive officer since 2004, at the end of the year.
US Exchanges to High-Frequency Traders: Slow Down!
Commentary  |  3/8/2012  | 
Not only are the SEC and a few pols pointing their radar guns at HFT firms, exchanges have them in their sights and the fast times might be over.
Alternative Venues Play Waiting Game in Japan
Commentary  |  3/6/2012  | 
ITG Rings New Dynamic Open Algo
News  |  3/6/2012  | 
Nasdaq Unveils Equity Indexes That Track Commodities
News  |  3/5/2012  | 
The exchange operator said the tool is aimed at helping portfolio managers navigate the volatile marketplace more effectively.
Is There a Better Alternative to Central Clearing of Swaps?
News  |  3/2/2012  | 
OneChicago Exchange offers an established exchange-traded product that could replace some types of swaps — without having to create an entirely new market infrastructure.
Instinet Extends VWAP Cross to Hong Kong, Europe
News  |  3/1/2012  | 
The firm said clients in both regions were looking for the ability to source block liquidity.
Exchange-Traded Swaps Volume Surged 11 Percent in 2011
News  |  3/1/2012  | 
The increase may have been caused by rampant volatility, a potential driver of demand for instruments that are often used as a hedge, according to Mexican Derivatives Exchange CEO Jorge Alegria.

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