Edition:
United Kingdom

John McCrank

ICE gets CFTC nod for 'speed bump' on U.S. futures exchange

15 May 2019

NEW YORK, May 15 Intercontinental Exchange Inc can introduce the first "speed bump" in the U.S. futures markets, the Commodity Futures Trading Commission said on Wednesday, prompting concerns by some market participants that market quality will suffer as a result.

Tradeweb reports dip in earnings on higher expenses

09 May 2019

NEW YORK Tradeweb Markets Inc on Thursday reported a drop in earnings for the first quarter as higher expenses at the newly public electronic trading platform operator outweighed a jump in revenue.

Citi closes CitiCross 'dark pool' amid equities unit review

06 May 2019

NEW YORK, May 6 A unit of Citigroup Inc has shut down one of its private stock trading venues, often referred to as dark pools, as part of a broader review of the bank's equities business, the bank said on Monday.

NYSE-owner ICE cool with crypto 'winter' as profits climb

02 May 2019

The collapse in value of cryptocurrencies came at on opportune time for Intercontinental Exchange Inc, allowing the exchange operator to buy assets at a discount for its long-awaited crypto-trading platform affiliate Bakkt, the head of the company said on Thursday.

CME first quarter earnings top estimates on expenses

01 May 2019

NEW YORK CME Group Inc, one of the world's largest exchange operators, on Wednesday reported higher-than-expected quarterly earnings, as tight expense management following the company's acquisition of NEX Group helped offset lower trading volumes.

U.S. SEC extends compliance date for revised order-handling rule

27 Apr 2019

NEW YORK The U.S. Securities and Exchange Commision has given broker-dealers more time to comply with amendments to a rule that increases transparency around how they handle their customers' stock orders, according to a recent regulatory filing.

AI-assisted stock trading venue plans to use the technology for bigger trades

16 Apr 2019

NEW YORK Imperative Execution, a startup electronic stock trading venue operator, has found early success using artificial intelligence (AI) to reduce price movements after trades, and now it plans to use the technology to help brokers get larger trades done.

Goldman Sachs to layoff 98 bank employees in New York

16 Apr 2019

NEW YORK Goldman Sachs Group Inc plans to lay off nearly 100 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Monday.

U.S. SEC issues guidelines to help analyze crypto assets

03 Apr 2019

NEW YORK The U.S. Securities and Exchange Commission on Wednesday issued guidelines to help market participants determine whether a digital asset qualifies as a security under federal securities laws and needs to be registered with the regulator.

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