MarketVoice News
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CBOE Buys Stake in Robo-Advisor
CBOE Holdings announced in January that it has bought more than 50% of Vest Financial, a company founded in 2012 that aims to provide investors with a simple way to use options on individual equities and exchange-traded funds as protection against market downturns.
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Cross-Border Oversight
The Securities and Exchange Commission on Feb. 10 adopted rules setting out how the agency will determine whether or not a non-U.S. security-based swap dealer must register with the agency.
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CCP Recognition
LCH.Clearnet announced it has received formal clearinghouse status from the Monetary Authority of Singapore.
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SEG Funds
On Jan. 22 NFA updated its regulations regarding customer protection requirements for futures commission merchants, introducing brokers, commodity pool operators and commodity trading advisors.
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MiFID Delay
As widely expected, the European Commission announced on Feb. 10 that it has officially proposed a one-year extension for implementing Markets in Financial Instruments Directive II (MiFID II).
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Stronger Links with China
Hong Kong Exchanges and Clearing unveiled a new three-year strategic plan in January that sets ambitious goals for expanding its equity derivatives business, expanding the product services offered by the London Metal Exchange, entering the physical commodity markets in mainland China and introducing derivatives based on Chinese interest rates.
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People - March 2016
Tullett Prebon named veteran futures industry executive Nicolas Breteau (pictured) as chief commercial officer, based in London.
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Open Outcry
The London Metal Exchange in February unveiled its newly built Ring, the exchange's open-outcry trading floor, after relocating to Finsbury Square in London.
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U.S. regulators seek market feedback on treasury market evolution
On Jan. 19 the Treasury Department issued a request for information (RFI) on Treasury market structure, including both cash and futures trading.
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New Products
The Reserve Bank of India released a report in February recommending the introduction of interest rate options so that banks and corporates can hedge their interest rate risks. The report, which was drafted by a working group constituted by the central bank, said the market should start with relatively simple products such as calls, puts, caps, floors, collars and swaptions. The report also recommended allowing these products to be offered as both exchange-traded products and over-the-counter derivatives. The central bank said final guidelines will be issued by the end of March, taking into account feedback on the report.
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