MarketsWiki Page of the Day

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November 21

OptionsCity Software Inc.

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OptionsCity Software is a Chicago-based financial technology firm specializing in electronic trading solutions for derivatives market participants. On November 20, 2014, the company announced it had purchased  Optionshop, a provider of futures trading technology. Terms of the deal were not disclosed. View page

November 20

CFTC SmartCheck

CFTC SmartCheck is a new web site set up by the Commodity Futures Trading Commission that provides free tools to check the registration, license and background of financial professionals and see the latest fraud and enforcement news. The site is SmartCheck.CFTC.gov. View page

November 19

Kimberly McGarry

Kimberly McGarry was just appointed senior vice president and chief financial officer at OCC (formerly the Options Clearing Corp.)  She was previously senior vice president and chief accounting officer at First Midwest Bank. View page

November 18

Aequitas Innovations Inc.

Aequitas Innovations is the parent company of the Aequitas NEO Exchange, a start-up stock exchange, backed by a number of Canadian financial institutions and firms, set to rival the Toronto Stock Exchange. In November 2014, the exchange won approval from the Ontario Securities Commission, effective March 15, 2015. [ View page]

November 17

The Shanghai-Hong Kong Stock Connect

The Shanghai-Hong Kong Stock Connect, aka Stock Connect, is a pilot program linking the Shanghai Stock Exchange and the Hong Kong Stock Exchange for the first time.  Trading began on Stock Connect today, allowing residents of mainland China to trade shares in Hong Kong for the first time and foreigners to invest in Chinese companies that had previously been off limits. By early afternoon, foreign investors buying stocks in Shanghai had reached the daily limit …  View page

November 14

Peter Warton

Peter Warton, a software development and market connectivity professional, has joined Chi-X Australia as head of market operations.  He returns to Chi-X Australia after having worked there previously as a market operations executive from August 2011 to March 2012. View page

November 13

London Stock Exchange Group plc

The London Stock Exchange said today that it will likely complete the previously announced $2.7 billion acquisition of U.S. index provider and asset manager Frank Russell earlier than expected — probably before the end of 2014. The acquisition is part of the LSE’s strategy of growing in the U.S. market. View page

November 12

Eris Exchange

Yesterday FOW reported that Eris Exchange, a U.S. futures exchange that offers listed interest rate swap futures, was hinting at a European swap future launch in 2015. The news came just a few days after the CME Group, its competitor in the U.S., said it is looking to launch a European deliverable swap future in the first quarter of 2015. View page

November 11

Benjamin M. Lawsky

According to several news reports, Benjamin Lawsky, the head of the New York State Department of Financial Services, is planning to step down from that position in early 2015.  He joined in that role in 2011 when the department was formed to keep financial regulation in New York up to speed with the rapid evolution of the industry and to protect consumers and markets from fraud. View page

November 10

Nasdaq OMX Group, Inc.

Nasdaq OMX Group Inc. won the right to keep running the SIP (securities information processor), which distributes Nasdaq stock prices.The committee that oversees the SIP chose Nasdaq OMX over Thesys Technologies; the two were finalists in a bidding process that began in March. Nasdaq has already reduced the feed’s latency and said that as part of the agreement it will continue to reduce it further. View page

November 7

ICE Benchmark Administration

ICE Benchmark Administration is the name given the former NYSE Euronext Rate Administration business after the IntercontinentalExchange acquired NYSE Euronext.   The IBA just won the race to administer the London gold fix starting in the first quarter of 2015. IBA previously won the race to administer the LIBOR after investigations found it had been manipulated. View page

November 6

Juan R. Luciano

Juan R. Luciano, currently president and chief operating officer of Archer Daniels Midland, will take over as ADM’s CEO on Jan. 1, 2015 when the current CEO, Patricia Woertz, steps down from that role. Woertz will remain chairman.     View page

November 5

Chris R. Concannon

Chris Concannon, president and COO at Virtu Financial LLC, has been named president of BATS Global Markets. Concannon will officially join BATS on December 15, 2014. Concannon was with Virtu Financial LLC since 2009 and spent six years with NASDAQ OMX prior to that role. View page

November 4

Jim Binder

Jim Binder is former director of public relations at The Options Clearing Corporation (OCC) and Options Industry Council. He left the post this month after 10 years at the organization. View page

November 3

Barbara Wierzynski

Barbara Wierzynski is the executive vice president and general counsel of the Futures Industry Association, where she has worked for 28 years. On Oct. 31 the FIA announced that she would step down from the role at the end of the year. She will serve as special counsel to Walt Lukken in the several months after her departure. View page

October 31

James Cawley

James Cawley, the founder and former head of Javelin Capital Markets LLC,  was just appointed chief executive officer of BGC’s swap-execution facility, BGC Derivative Markets, L.P.  Cawley ran Javelin when the firm became the first, in October 2013, to seek a CFTC requirement that interest-rate swaps be traded on public markets. View page

October 30

Cargill

Cargill, Inc., the multinational food conglomerate, said it plans to apply for category 2 membership of the London Metal Exchange and has hired Michael Frawley, the former head of metals trading at Jefferies Group,  to begin buying and selling industrial metals on behalf of clients. Category 2 LME membership allows firms to issue LME futures contracts but not to trade on the floor. View page

October 29

Stacey Cunningham

Stacey Cunningham was just appointed president of NYSE Governance Services, which provides corporate governance, risk, ethics and compliance services for public and privately held companies. She was previously head of sales and relationship management for NYSE Group. View page

October 28

Carsten Kengeter

Carsten Kengeter is a banking executive and former CEO of UBS.  Deutsche Boerse AG just announced that Kengeter will replace Reto Francioni as DB’s CEO after Francioni retires in May 2015. View page

October 27

Hüseyin Erkan

Hüseyin Erkan is chief executive officer of the World Federation of Exchanges (WFE). Today the WFE announced that he would step down from the organization at the end of the month, after only two years as CEO. View page

October 24

Powernext

Powernext is a Paris-based electronic trading platform for spot and derivative energy contracts.  This month, the European Energy Exchange (EEX), part of Deutsche Börse Group, purchased a majority interest in Powernext through an exchange of shares. View page

October 23

Bombay Stock Exchange (BSE)

Shareholders of India’s BSE (formerly the Bombay Stock Exchange) have approved a deal to acquire the exchange’s regional rival the United Stock Exchange of India. BSE began talks with USE in March over the potential deal, which it hopes will strengthen its currency business. The exchange now only needs approval from the Bombay High Court to approve the merger.   View page

October 22

BGC Partners, Inc.

BGC Partners, a global interdealer broker, has launched a hostile $675m bid for its rival GFI Group after its attempts to negotiate a deal were stymied. BGC will offer to buy the 86.5 per cent of shares in GFI it does not own in a deal that values GFI at $5.25 a share. If successful, the bid would break up a deal the GFI board had previously agreed to with CME Group to buy GFI …  View page

October 21

Robert G. Pickel

Robert G. Pickel is the former chief executive officer of the International Swaps and Derivatives Association, Inc. (ISDA).  He was just appointed to the advisory board of Droit Financial Technologies, a provider of pre-trade front office and post-trade compliance solutions for derivatives. It is his first appointment since leaving ISDA. View page

October 20

R.J. O’Brien & Associates

On Oct. 17 R.J. O’Brien celebrated its 100th anniversary with the showing of a 20 minute video documentary, made by John Lothian Productions, about the history of the firm, which began as a butter and egg broker and was one of the founding members of the Chicago Mercantile Exchange. View page

October 17

Moscow Exchange

The Moscow Exchange, the largest stock exchange in Russia, had entered into a partial deal that would enable Eurex to offer futures trading in rubles, but today the Wall Street Journal reported that the agreement has been postponed indefinitely “partly because of concerns about Western sanctions on Russia.” Ruble currency futures are some of the most liquid financial instruments on the Moscow Exchange. View page

October 16

Ananda Radhakrishnan

Ananda Radhakrishnan is director of the Division of Clearing and Risk at the Commodity Futures Trading Commission. Yesterday the CFTC announced that Radhakrishnan would leave in mid-November after 12 years at the agency. View page

October 15

Michael S. Piwowar

In a speech at the annual Securities Enforcement Forum, SEC Republican Commissioner Michael S. Piwowar criticized SEC Chair Mary Jo White’s “broken windows” enforcement strategy, which is based on the theory that fixing minor violations helps to deter more serious crimes. View page

October 14

Edwin Marcial

Edwin Marcial, senior vice president and chief technology officer at IntercontinentalExchange Inc., oversaw the company’s software design and overall technology strategy. Marcial announced in a letter on LinkedIn that he was stepping down from ICE after 18 years with the company. View page

October 13

Abigail Johnson

Fidelity Investments, the second largest mutual fund in the U.S., has named Abigail “Abby” Johnson chief executive, taking over the position from her father, Edward “Ned” Johnson III, who has been CEO since 1977.    View page

Full list »