InterContinental Exchange: NYSE appointed Stacey Cunningham as President of NYSE Governance Services. Cunningham was most recently Head of Sales & Relationship Management for NYSE Group, and prior to that she also served a similar role at NDAQ.
Chicago Mercantile Exchange CEO Phupinder Gill expressed the exchange’s interest in acquiring a stake in Korea Exchange (KRX) should the latter offer to sell some of its shares, Reuters reported. KRX spokesman Noh Byung-soo replied stating that the exchange had no plans to sell shares.
U.S. Federal Reserve revised its risk management policy clearing, payment and settlement firms, bringing the Fed’s standards in line with international rules for clearing agencies, Reuters reported.
Hong Kong’s Securities and Futures Commission (SFC) granted approval for Hong Kong to establish a stock-trading link with Shanghai. SFC CEO Ashley Alder expressed his hope that “trading will begin in the not-too-distant future.” The link is now pending approval from Chinese regulators, Reuters reported.
European Union (EU) ambassadors are being urged to help restart stalled plans for a tax on financial transactions as a 31 December deadline looms, an EU document shows, Reuters reported.
Australian Securities Exchange plans to increase the ratio of females in senior-management roles to 40% from the current 25% within two years, Bloomberg reported.
Japan’s Financial Services Agency’s Masamichi Kono stated that the process for recognizing third-party rules as equivalent in the clearing and reporting of OTC derivatives has been too slow, Risk.net reported.