CME does homework on Bitcoin

November 21, 2017 09:11 AM
Exchange Shorts

CME member William Mallers said CME has done its homework on bitcoin, it is well aware of its volatility and has the experience and controls to clear bitcoin futures. 

NDAQ has become the first firm to receive an ARM license from Finansinspektionen, the Swedish Financial Supervisory Authority (FSA). The license is a requirement in order to submit transaction reports as a third party provider under MiFID II.

SGX welcomes HK-based Qantex Capital to its derivatives market as a Trading Member.

SIX: S&P affirmed an AA- credit rating for SIX Group but changed the outlook from stable to negative. Subsidiaries SIX SIS and SIX x-clear each retained an AA- rating. The rating of SIX Payment Services Gmb (Austria) declined from AA- to A+.

Bucharest SE (BVB): 18 companies transferred from Sibex will start trading on the AeRO market of BVB from 23-Nov.

NEX Group raised the cost savings target to £40m from £25m. NEX reported a fall in profits in the first half of the fiscal year. NEX Group chose Amsterdam as its base in continental Europe, according to Quartz.

trueEX hired Kevin Lupowitz as CTO. Lupowitz was Chief Information Officer at Liquidnet, FXAll and CLEAR.

Goldman Sachs will begin executing stock trades for customers of Bloomberg Tradebook.

Brexit: Global banks to start reallocating to the European Union early 2018 to guarantee the offices are running before the UK exits; according to Bloomberg.

CFTC issued a no-action letter extending the relief provided to Shanghai Clearing House (SHCH). The extension will last until the earlier of Feb. 28, 2018 or the date on which the CFTC exempts SHCH from registration as a derivatives clearing organization (DCO).
 

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.