Intercontinental Exchange

Maybe this is how Gary Gensler goes out with a bang? Read more »

  • 04 Jun 2013 at 11:57 AM

NYSE Getting Ever Closer To Shedding Pesky Independence

Some NYSE partisans got a little teary and sentimental, but the Big Board still managed to sidestep on of the remaining potential landmines on its path to selling itself to a teenage futures exchange in Atlanta. Read more »

Like the four who held the job before him since its, er, difficulties began five-and-a-half years ago, Steve Freiberg did not do a particularly good job running E*Trade. But he’s been compensated handsomely for facing the wrath of an angry Ken Griffin before getting a pink slip in August. Read more »

  • 12 Mar 2013 at 10:42 AM

Derivative Of Derided Derivatives In The Works

So credit-default swaps have a pretty bad rap in the wake of that whole financial crisis. And people apparently aren’t interested in trading things that some parts of the general public (otherwise known retail investors) blame for the aforementioned unpleasantness without actually understanding anything about CDS.

The IntercontinentalExchange has an idea to change all of that: Sell them that which they do not understand. Read more »

The IntercontinentalExchange really, really wants the Liffe. Oh yea, and the New York Stock Exchange, too. Sure. But it’s really, really worried that those damned antitrust bureaucrats are going to screw them, as they are wont to do.

So they’re laying the charm on thick. Perhaps, however, we might be so bold as to suggest a new tack: Read more »

In early October of 2008, Ken Griffin and his partners-in-crime at the Chicago Mercantile Exchange had a dream. It was a dream of bringing “stability and transparency” to the credit-default swap market in such a way that would “reduce much of the systematic risk inherent” in those crazy derivatives.
That December, the CMDX clearinghouse/trading platform got the go ahead from the Commodity Futures Trading Commission. In March of this year, it received its final regulatory approvals.
And, if it’s lucky, for Hannukah, it may actually get to clear a trade or two.

Read more »