ION suffers cyber attack on derivatives platform
The trading technology provider was compromised yesterday by a cyber attack that impacted its overnight processing, with some clients quarantining all communications from the firm.
The trading technology provider was compromised yesterday by a cyber attack that impacted its overnight processing, with some clients quarantining all communications from the firm.
European regulators have made several U-turns in the last few months, in particular around their stance on systematic internalisers and dark trading, that mimic UK proposals.
The exchange operator is planning to migrate the clearing of its Euronext derivatives markets to its internal clearing house by the third quarter of 2024.
Tradition America has purchased the subsidiary from Euronext which acquired the MTS holdings as part of its Borsa Italiana deal in 2021.
EU member states now have the opportunity to remain silent or vocally oppose the proposals until 2 pm CET today.
Regulatory package put forward today by the European Commission is intended to reduce EU participants reliance on CCPs outside of the Bloc and repatriate clearing volumes.
The acquisition will help strengthen MTS and Euronext Securities Milan’s core operations and enable further development and product innovation.
Since acquiring the clearing house, Cboe has grown the number of venues it provides clearing services to from 37 to 47.
Annabel Smith takes a peek inside Euronext’s newly migrated data centre in Bergamo and dives into what the move means for market structure post-Brexit.
The past week saw two appointments from Citi, as well as new hires from TS Imagine and Euronext.