The SEC’s Robert Khuzami is said to be planning his exit in the near future; possibly as early as next month. Exchanges owned by NYSE Euronext in Europe could attract interest from local rivals as part of the industry shift related to the N-ICE merger. Morgan Stanley takes a stake in Eris Exchange, as standardized derivatives trading looks increasingly like a growth area.
Eris ExchangeEverything tagged with: Eris Exchange
December 21, 2012: SEC’s Khuzami Said to Leave Agency; Rivals Could Study Euronext Bids if IPO Plan Doesn’t Materialize; Morgan Stanley Stake in Eris Exchange Spotlights Market Shift
December 6, 2012: NYSE Euronext announces proposed pan-European project for SMEs; Eris Exchange to Offer Rate-Swap Future With Margin to Match CME; S&P warns over outlook for exchanges
NYSE Euronext starts the clock on the creation of a new Europe-wide exchange targeted at small and medium sized companies. Eris Exchange plans to cut a large chunk of its interest-rate swap contract margin requirements to better compete with rival CME Group. Standard & Poor’s notes that volume in the exchange sector has been a bit off of late, and believes that those volume problems could continue into next year. In First Read today, we have new MarketsWiki.tv interviews from the recent WMBAA SEFCON III convention; take a look inside to see industry leaders speak on a variety of regulatory topics.
September 25, 2012: Chicago exchange gets investments from State Street, Fidelity unit; Gensler Calls for Overhaul of Libor; Nordic Banks Gain New Status: Haven
Chicago’s new Eris Exchange gets backing from State Street and Fidelity. Gary Gensler of the CFTC tells the EU parliament that they should either rework LIBOR, or just throw it away and start over. Banks in Sweden and Norway, relatively unharmed by financial crises and shocks shaking the rest of the world, strive to keep up with increasing foreign inflows as investors seek safe havens for their money.
January 20, 2012: FSA Pressures Banks to Hand Over MF Global’s U.K. Client Money; Eris Exchange to Distribute Market Data Through CME Group; Volcker Rule Regulators Resist Lawmakers Calls to Scrap Proposal
Britain’s FSA steps harder on the feet of banks in an attempt to get them to release customer money following MF Global’s demise. Eris Exchange reaches an agreement to distribute its SwapBook data via CME Group’s Market Data Platform. Despite calls to just throw away the Volcker Rule and start over, or not at all, regulators working on the issue insist that in the end, they’ll have a viable solution using what they’ve already got so far. In today’s top box, JLN’s Nicole Rohr supplies a Five Minutes interview with Alice Botis of Fidessa; and Hernan Arellano and Felipe Gazitúa Undurraga of Chilean broker IM Trust.