Cboe Global Markets Announces Management Changes

Cboe Global Markets, Inc. announced that Chris Isaacson, Executive Vice President and Chief Information Officer, will become Executive Vice President and Chief Operating Officer, reporting to Chairman and Chief Executive Officer Ed Tilly. Eric Crampton, Senior Vice President and Global Head of Software Engineering, will become Senior Vice President and Chief Technology Officer, reporting to Chris Isaacson. Isaacson takes over chief operating duties from Chris Concannon, President and Chief Operating Officer, who is leaving Cboe on January 14th to pursue a new opportunity outside the company.  Tilly will add the title of President, a position he held from 2011 to 2013.  These appointments will be effective January 14th. As Chief Operating Officer, Isaacson will run the day-to-day operations of the company and assume oversight of the Risk/Information Security teams, while continuing to lead the trade desk, infrastructure, data and analytics, foreign exchange (FX) technology and operations, which he previously led as Chief Information Officer.  As Chief Technology Officer, a new position within Cboe, Crampton will lead global software engineering, quality assurance and project management.

Galik to Succeed Peterffy as Interactive Brokers CEO

Interactive Brokers Group, Inc. announced that it will appoint Mr. Milan Galik as Chief Executive Officer of the Company, succeeding Mr. Thomas Peterffy in this role. Mr. Peterffy will continue as Chairman of the Board and remain closely involved in the operations of the company that he founded. These changes will occur in the third quarter of 2019. Mr. Galik has been with the Company for 28 years and has served as its President since 2014.

FTSE Russell and Refinitiv Extend Fixed Income Relationship

FTSE Russell announce that, following a detailed supplier review, they have agreed to broaden the scope of Refinitiv’s data sets used within FTSE Russell’s fixed income indexes and analytic tools. The extension of their existing fixed income relationship will combine the quality and expertise of Refinitiv in a wide range of fixed income pricing and terms and conditions asset classes with FTSE Russell’s global expertise in multi-asset indexes and analytics.

Charles River and Liquidnet Expand Partnership

Charles River Development, a State Street Company, and Liquidnet have expanded their partnership, enabling fixed income and enhancing equity trade blotter sweep capabilities within the Charles River Investment Management Solution (Charles River IMS). The cross-asset capabilities augment Liquidnet and Charles River’s longstanding partnership to improve liquidity seeking and price discovery functions for institutional investment managers, asset owners and hedge funds. Charles River was acquired by State Street Corporation in October 2018 and the combined companies are developing a global front-to-back investment servicing platform. Liquidnet is a global institutional investment network that connects the world’s investors to the world’s investments.

DTCC Receives Approval as Swiss Trade Reporting Repository

The Depository Trust & Clearing Corporation (DTCC) announced that it has received regulatory approval from the Swiss Financial Market Supervisory Authority to provide trade reporting services in Switzerland via DTCC’s Global Trade Repository service (GTR) in Europe.  DTCC’s GTR in Europe is the largest European Markets Infrastructure Regulation (EMIR)-registered trade repository in terms of reports collected from its clients, according to figures from the European Securities Markets Authority (ESMA). The service has more than 3,500 clients sending over 500 million messages per month, with 46 European regulators regularly accessing its data.

BNP Paribas China Receives Corporate Bonds License

BNP Paribas China Limited announced that it has received the Panda Corporate Bond Lead Underwriting License Type B from China’s National Association of Financial Market Institutional Investors. The license allows BNP Paribas China to act as a lead underwriter on renminbi-denominated bonds, also known as Panda Bonds, issued by foreign corporate issuers. BNP Paribas is only the third international bank to receive such a license. BNP Paribas’ presence in China dates back to 1860 when it opened its first office in Shanghai. Today, with nearly 500 staff based in China, BNP Paribas provides banking, financing and advisory services via its Corporate & Institutional Banking and international financial services.