The companies, products and regulatory developments shaping the broker industry.
The current securities pricing procedure repeats one rate and closing valuation through the weekend, including Sunday’s reopening. The adjustment band is not a cap on the funding rate.
January–October data show a change in product mix beneath nearly flat total derivatives volume. IPO proceeds rose 84%, while cash-market activity and October’s trading-day effects followed different paths.
Cullen/Frost has filed for a November 12 transfer of both its common and preferred depositary securities from the NYSE. The filing tests a new exchange's primary-listing proposition without requiring shareholder action.
Two OCC monthly reconciliations show a shift in the balance of US options activity. Across September and October together, ETF and index growth still exceeded the contraction in equity options.
A reconstruction of Nasdaq's quarterly and nine-month accounts shows that cash-equity net revenue retained a larger share of gross trading revenue in Q3, after the same ratio had declined in the first half.
The FCA’s September commitments decision shows how alleged information-sharing risks can be addressed through agreed conduct changes, training and an ex gratia £1m payment without an infringement verdict or admission.
The reconstructed ratio rose to roughly €4.75 per $1 million traded, but it combines pricing, product mix, ancillary revenue and currency translation.
BGC’s filing ties an additional 10.3 percentage points of FMX ownership to trading-volume performance, making equity part of the venue’s liquidity-building architecture.
The SEC’s public register records three notices under its Innovation Exemption, while expressly declining to certify compliance, technology, issuer consent or operational readiness.
Cboe’s gross revenue rose $217.1m, but a new $143.9m Section 31 line carried an equal expense. Net revenue grew 17.6%, while US equity transaction and clearing fees fell with matched shares.
Cboe’s filing makes its options rulebook clearing-agency neutral, preserving OCC-specific references where needed while preparing membership, guarantee and authorisation mechanics for Cboe Clear U.S. and any later registered clearer.
A December 15 roundtable will test the operational case for continuous derivatives markets, including overnight resilience, tokenisation, staff coverage and supervision.
Eligible equity options are scheduled to trade from 1pm to 1.15pm Eastern on qualifying early-close dates, with special order-session handling.
Finanzen invest adds Tradegate BSX access for its client base; routing choice and execution quality still need to be judged at individual-order level.
Canton Strategic says CNTN shares changed hands on TSV on 4 November, moving an issuer-backed tokenised equity pilot from a planned launch to completed transactions under restricted access.