CME will launch its bitcoin futures contract on December 18 to provide a regulated trading platform for the cryptocurrency futures market. The bitcoin futures will be cash-settled.
CFTC announced that CME and the CBOE Futures Exchange (CFE) self-certified new contracts for bitcoin futures products, and the Cantor Exchange (Cantor) self-certified a new contract for bitcoin binary options.
ICE, CBOE, NDAQ and OCC, members of the US Securities Markets Coalition, oppose Senator Wyden’s Proposed Amendment “Modernization of Derivatives Tax Act of 2017”. The Coalition argues that the proposed tax reform "would create results that are neither simple, nor straightforward, nor fair, as applied to exchange-traded options."
ENX plans to expand equity-derivatives franchise into individual Irish names futures and options, index futures and dividend stock futures; according to FOW.
LSE confirmed it will hold an extraordinary shareholder meeting called by shareholder TCI to vote on removing Mr Brydon on 19-Dec, according to FT. LSE said it “unanimously” believes the removal of Mr Brydon is “not in the best interests of the company” and supported his role "overseeing the selection and integration of a new CEO.”
CBOE is seeing increased usage of complex order functionality on its Cboe EDGX Options Exchange. On 17-Nov-2017 a record 94,326 contracts were traded, accounting for as much as 26.9% of Cboe EDGX options volume.
BME welcomes Spanish stock market regulator, CNMV, initiative to simplify and encourage the registration of issues of Fixed Income securities in the Spanish market.
DB1: Eurex existing commercial Market-Making schemes will be converted into Liquidity Provider schemes as of 1 January 2018.
HKEX will revise the strike intervals for its four most actively traded stock index options contracts – Hang Seng Index (HSI) Options, Hang Seng China Enterprises Index (HSCEI) Options, Mini-HSI Options and Mini-HSCEI Options from Monday, 22 January 2018.
Boerse Stuttgart acquired fintech company Sowa Labs. Based in Ulm, Germany, Sowa Labs specialises in predictive data analytics.
China Exchanges Services (CESC), a joint venture of HKEX, Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) for the development of financial products and related services, announced Du Jianxin from SSE Technology has joined its Board. Mr Du replaced Xue Jun as Director and Deputy Chief Executive of CESC.
Bundesbank Executive Board member Andreas Dombret called to reach an agreement to prevent "a large-scale relocation of the clearing business from London to the EU after Brexit. This must include “intensive cooperation” between EU and UK supervisors and “far-reaching powers of information and intervention for EU supervisors vis-a-vis” CCPs in the UK, he said. According to Bloomberg.
TP Icap acquired Coex Partners for an initial £7.1m plus an additional amount due in the following years subject to certain performance conditions. Coex, with revenues of £11m in 1H17, provides trade advisory and execution services in listed derivatives and OTC FX.
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