CME takes steps to reduce market data delays

The Commodity Futures Trading Commission is debating whether requiring a new registration for HFT traders would provide overseers with better information access collected by exchanges, Bloomberg reported.

Chicago Mercantile Exchange Chairman and President Terrence Duffy stated that the exchange operator has taken steps to reduce delays in the time between when clients, including high-speed traders, receive market data and when other firms get the same information, the Wall Street Journal reported.

CME Chairman and President Terrence Duffy stated that “I strongly agree with regulators – in both the futures and the equities markets – that the financial markets are not rigged,” as reported in MarketWatch.

London Stock Exchange is a late-stage bidder in the auction for Russell Investments, which Northwestern Mutual Life Insurance officially put on the auction block earlier this year, the WSJ reported. LSE confirmed that it was “evaluating the merits of a potential transaction involving Russell” and that it was engaged in talks with Northwestern Mutual, and should the deal proceed, it would be part founded by an equity raise.

CFTC is just “days away” from finalizing a derivatives clearing organization (DCO) exempt route for foreign clearing houses, which is expected widen the methods available for clearing, Risk.net reported.

Deutsche Boerse AG: Eurex launched benchmark futures data “Order by Order” - a new information product which makes the entire Eurex order book for benchmark futures available, Automated Trader reported.

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com. 

Equity Research Desk (www.erdesk.com) provides fundamental analysis of global capital markets related entities to support the investment process of buy-side analysts at hedge funds and traditional money managers. The company focuses its coverage on securities exchanges, discount brokers, trading platforms, asset managers, financial-related technology companies and intellectual property assets in the US, Europe, Asia, and Latin America.

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