Craig Donohue, chief executive of Cboe Global Markets, took on his role in May this year and has completed a review of the derivatives and securities markets operator. The new strategy includes initiating a sales process for Cboe Australia and Cboe Canada according to a story in MarketsMedia news, discontinuing U.S. and European corporate listings efforts and reducing costs related to U.S. and European ETP listings businesses, Cboe Europe Derivatives and several of Cboe’s smaller risk and market analytics businesses. Donohue said that although the Australian and Canadian equities businesses are performing well, they fall outside Cboe’s core focus and strategy. “We see tremendous opportunities across index and multi-list options, futures, US and European equities, foreign exchange and Data Vantage,” he added. “In leveraging these core areas of strength for Cboe and the strong secular growth trends supporting them, we believe we are well positioned to fully capture their growth and earnings potential as we strengthen our competitive position.” Possibilities for continued investment include adding scale in derivatives, prediction markets, retail-oriented digital asset and crypto products, clearing capabilities in Europe and the U.S. and developing onchain capabilities as the industry migrates toward atomized settlement capabilities and extension of traditional trading hours.

FIF is pleased to welcome Velocity Clearing to the FIF Community

FIF is excited to announce our 2025 Year-End Holiday Event, hosted by Société Générale on December 4th from 3:00 pm to 7:30 pm ET. After opening remarks from Société Generale, there will be two panels. The panel topics and speakers will be announced soon. This is our most popular event of the year and registration fills up fast, so mark your calendars and plan to arrive early for the last FIF event of the year! FIF Members may register for free here. Non-members who are interested may apply by contacting the program office at fifinfo@fif.com. FIF would like to thank Société Générale for hosting this event and n-Tier fs for sponsoring.

On October 20, FIF submitted a letter to the SEC to request (i) written interpretive guidance that a routing firm is not required to report to CAT port settings applied by a receiving firm, or (ii) in the alternative, exemptive relief to the same effect. FIF would like to thank the members of the CAT Transaction Reporting Working Group for their contributions in the drafting of this letter.  

The next call for the Rule 605 Working Group will be on Monday October 27 at 2 pm ET. The Working Group will continue its discussion of open interpretive questions relating to implementation of the Rule 605 amendments, including reporting for different order types.