The SEC's investigation into the market volatility caused by trading in GameStop stock back in January, raises questions about the market efficiency of short selling and the possible effects of acute margin calls on thinly-capitalized broker-dealers.
Jeremy Skule will oversee global strategy in an expanded role after working at Nasdaq for the past eight years.
Gary Gensler becomes chairman of the Securities and Exchange Commission (SEC) bringing with him over 25 years of industry experience.
The OCC cleared 7.52 billion total contracts and 7.47 billion in options contracts, beating the previous record set in 2018 by a landslide.
The US watchdog has asked market participants to submit comments on how they would enhance the way the data is collected for FINRA’s TRACE for US Treasury securities.
Stephane About joins Societe Generale as chief executive of the Americas business after nearly ten years at Natixis.
Cboe said the deal will give it a competitive advantage in off-exchange trading, which accounts for 40% of US equities trading volumes.
The bank will offer position hedging of AMERIBOR futures and provide market making for AMERIBOR interest rate swaps.
The controversial speed bump was opposed by some of the markets most active participants and industry lobby groups.
Recent rule changes in the US during the past two years have to a major rise in aggregate cleared repo and reverse repo volumes.