CME to Launch Bitcoin Options

CME Group has announced plans to launch options on its bitcoin futures contracts in Q1 2020, pending regulatory review. “Based on increasing client demand and robust growth in our bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk,” says Tim […]
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LSEG Board Swats Aside HKEX Proposal, Stays Focused on Refinitiv

The board of the London Stock Exchange Group (LSEG) has unanimously rejected the unsolicited offer made earlier this week by Hong Kong Exchanges and Clearing (HKEX) to acquire the entire share capital of LSEG. “The board has fundamental concerns about the key aspects of the Conditional Proposal: strategy, deliverability, form of consideration and value,” says […]
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HKEX Bids £31.6bn for LSEG

Hong Kong Exchanges and Clearing (HKEX) has made a proposal to the board of the London Stock Exchange Group (LSEG) to combine the two companies in a deal worth £31.6 billion. This deal would scupper the proposed $27 billion deal for LSEG to buy Refinitiv. “LSEG and HKEX are two of the world’s premier market […]
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US Authorities Fine OCC

The Securities and Exchange Commission and the US Commodity Futures Trading Commission have announced that the Options Clearing Corporation (OCC) will undertake remedial efforts and pay $20 million in penalties to settle charges that it failed to implement policies to manage certain risks. According to the SEC’s and CFTC’s respective orders, Chicago-based OCC failed to establish […]
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HKEX to Launch INR Futures

Hong Kong Exchanges and Clearing (HKEX) has announced it will launch Indian rupee (INR) currency futures in the fourth quarter of this year. The exchange it plans to introduce two new contracts: the INR vs US Dollar (INR/USD) futures; and the INR vs Renminbi traded in Hong Kong (INR/CNH) futures, adding the INR/CNH Futures contract […]
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Gemini Added to CME Crypto Data

Gemini digital asset exchange data will be included in the CME CF Reference Rates and Real Time Indices for both Bitcoin and Ether from Friday August 30, the exchange has announced. The CME CF Bitcoin Reference Rate, is used to settle CME Bitcoin Futures, with cryptocurrency indices provider CF Benchmarks being the Administrator for the […]
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USD/CNH Volumes Surge on SGX Amidst Trade War

Having recorded a new record high trading volume of $7.5 billion notional in its USD/CNH futures on Friday, August 2, SGX saw a 38% increase in volumes as trading resumed on Monday, August 5. The initial surge in trading was precipitated by a tweet from US president, Donald Trump, that his administration plans to impose […]
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LSEG and Refinitiv: Deal of the Century or Disaster Waiting to Happen?

Galen Stops gives his take on the five key questions to be asking following the announcement of LSEG’s proposed acquisition of Refinitiv. The news that London Stock Exchange Group (LSEG) is set to acquire Refinitiv in a deal worth $27 billion certainly caused a lot of excitement and intrigue within the financial services industry when […]
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Kraken Acquires Digital Asset Reconciliation Platform

The digital asset trading platform Kraken has acquired Interchange, an accounting, reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers and fund administrators. “The transaction creates the world’s first end-to-end crypto trading and reconciliation platform, and brings Interchange co-founders and well-respected crypto veterans Dan Held and Clark Moody to Kraken,” says Kraken in […]
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LMAX Reports Strong H1 Results

LMAX Exchange Group has reported strong revenue growth and increased volumes across its platforms achieving record first half results. The group says gross profit of US$25.8 million is up 27% from H1 2018, with statutory EBITDA of US$11.3m, up 50% from H1 2018 . Its EBITDA margin was 44%, up 7% from H1 2018 and […]
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