US brings competition to the close with Cboe mechanism approval
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.
Tag: Cboe
Equities
Heading for the close
As volumes seemingly continue to migrate towards the end of the trading day, Hayley McDowell investigates the rise of closing auctions in Europe and its impact on continuous trading for asset managers.
Cboe Europe president and industry veteran Mark Hemsley to retire next year
Mark Hemsley will retire early next year, and will be succeeded by the exchange’s chief operating officer, David Howson.
Cboe shrugs off LSEG’s Refinitiv acquisition as chief rules out large-scale mergers
Ed Tilly says Cboe does not need large-scale mergers, upon announcing plans to launch a new data platform.
Cboe’s European risk head departs for senior role at prop trading firm
Surya Fletcher has been named chief risk officer at proprietary futures trading specialist OSTC.
Cboe looks to add speed bump to equities exchange
LP² four millisecond delay mechanism will be applied to the Cboe EDGA exchange to protect market makers from HFTs.
Cboe Europe delays launch of Amsterdam trading venue
Amsterdam trading venue was due to go-live on 1 April, but as Brexit negotiations continue Cboe Europe has postponed launch.
Trading Venues
‘Exchanges owe us answers’ says IEX as it discloses market data and connectivity costs
IEX becomes first exchange operator to disclose its costs with the detailed report revealing incumbent exchanges are grossly marking up fees.
Cboe veteran Chris Concannon departs for COO role at MarketAxess
Chris Concannon will leave Cboe later this month to take on the role of chief operating officer at MarketAxess.
SEC approves controversial transaction fee pilot for stock exchanges
Securities and Exchange Commission unanimously approves a one-year programme, known as the transaction fee pilot, as part of a review of the ‘maker-taker’ trading system.