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Vela Trading Technologies, an independent global trading and market data technology company based in New York, announced it has entered into a definitive agreement to acquire Chicago-based OptionsCity Software, in a transaction that is expected to close at the end of Q2 2017. OptionsCity's CEO Hazem Dawani said he plans to stay on after the merger. View page
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Montréal Exchange’s CEO Focused on Structural Adjustments
“The world is looking to trade more and more Canada and the fact that we’re only open during our own time zone is a bit prohibitive for some of the international clients.” Last year, Montréal Exchange launched single stock futures and it turned out to be its best product launch in a decade based on rapidly growing open interest. The exchange also revamped its 5-year bond contract in order to make sure all points on the curve are accessible. With those changes in place, 2017’s goals center around structural change. MX is altering its own rules to open its market...Read more
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