The companies, products and regulatory developments shaping the broker industry.
A reconstruction of quarterly disclosures puts the market-share decline in scale: matching the prior year’s 25.4% share would imply about €13.8bn of daily trading, against €12.4bn reported. Clearing volumes and regional revenue require separate measures.
CFTC Chair Michael Selig identifies a route for equity perpetual futures on venues with both CFTC DCM status and SEC notice registration; no specific live volume is established.
The exchange segment generated $1.542bn within group net revenue of $2.765bn; transaction revenue outpaced recurring income.
The draft excludes clearing corporations and keeps board approval, capital floors and reporting duties for qualifying related activities.