London Stock Exchange plans to begin single-stock options trading next month. Options clearinghouse OCC plans to undo dividend-linked options trading, something that has been popular on Nasdaq’s option-trading platform. NYSE Euronext opens the door and turns on the lights at Enternext, its new small-to-medium company trading venue.
May 24, 2013: LSE Offers Single-Stock Options Trading; U.S. options clearer moves to end trade type dominated by Nasdaq; EnterNext, NYSE Euronext’s new SME marketplace, goes live
May 23, 2013: Investment firms sue exchanges in dispute on improper fee charges; Finra Upgrades Surveillance; Rating agencies under fire again
A group of investment firms sue the CBOE, alleging improper fee assessment over a multi-year period. FINRA extends a new regulatory reach to stock trading platforms catering to high-frequency traders, and takes a closer look at dark pools. After earning jeers and criticism in 2008, credit rating agencies are taking fresh damage for their mis-estimation of the US housing market.
May 22, 2013: Hong Kong Police Probe Mercantile Exchange at SFC Request; ICE-NYSE Deal Formally Notified to EU for Merger Examination; European energy exchanges compete for Turkish growth
Police in Hong Kong are taking a closer look at potential financial irregularities at the recently-shuttered Hong Kong Mercantile Exchange. The ICE-NYSE merger has formally been submitted to the EU for testing and, they hope, approval. ICE Endex and the European Energy Exchange face off over an expanding market in Turkey.
May 21, 2013: CFTC Said to Review 1 Million E-Mails in ISDAfix Investigation; Colombia aims to ‘internationalize’ bourse; Financial Firms Said to Be Seeking Bloomberg Alternative
The CFTC is sifting through a mountain of email in its search for ISDAfix rate manipulation, hopefully at a rate of more than a few hundred a day. The head of Colombia’s stock exchange says the country’s financial markets are due for a spruce-up to attract foreign investment. In the wake of Bloomberg’s recent trouble with cross-department information sharing, competitors look into creating replacement financial chat systems.


















