After closing its open outcry trading floor in Chicago due to coronavirus, Cboe has shifted to electronic trading with quick approval from the SEC.
The controversial speed bump was opposed by some of the markets most active participants and industry lobby groups.
Cboe has gained approval from the SEC to operate an alternative closing auction mechanism, which threatens the monopoly primary exchanges retain on end-of-day trading.
Mark Hemsley will retire early next year, and will be succeeded by the exchange’s chief operating officer, David Howson.
Ed Tilly says Cboe does not need large-scale mergers, upon announcing plans to launch a new data platform.
Surya Fletcher has been named chief risk officer at proprietary futures trading specialist OSTC.
LP² four millisecond delay mechanism will be applied to the Cboe EDGA exchange to protect market makers from HFTs.
Amsterdam trading venue was due to go-live on 1 April, but as Brexit negotiations continue Cboe Europe has postponed launch.
IEX becomes first exchange operator to disclose its costs with the detailed report revealing incumbent exchanges are grossly marking up fees.