Michael Blaugrund, currently Head of Transactions at the NYSE, has been promoted to Chief Operating Officer, overseeing strategy and operations of NYSE Group's five equities exchanges and two options exchanges
. Blaugrund, who joined the NYSE from Tower Research Capital in 2016, served as the NYSE's Head of Equities before ascending to his current role.
With its launch, MIAX Emerald joins current options exchanges
MIAX Options and MIAX PEARL as part of the MIAX Exchange Group.
This follows Nasdaq's announcement that it has agreed to acquire International Securities Exchange (ISE), an operator of three electronic options exchanges
, from Deutsche Borse Group for $1.1 billion.
, ISE and ISE Gemini, and provides a trading experience to its member firms through its patented market structure, technology, unique functionality for trading complex orders, and customer service.
FINRA Chairman and CEO Richard Ketchum said in a statement that the agreement with the two options exchanges
will position it to "conduct cross-market surveillance on approximately 60% of the options market.
Membership of the exchange is a key step forward in the expansion of our futures and options coverage, and enhances our trading offering to clients in the MENA region and increases our connectivity to 24 worldwide futures and options exchanges
through one dealing platform.
Established in 1961, WFE is the trade association of 52 publicly regulated stock, futures and options exchanges
which is responsible for the functioning of key components in the financial world.
BOX, ranking seventh among US eight options exchanges
, had preliminary contacts on a deal with the four retail brokerages, McCormick said, adding that the options exchange
will not be issuing new shares.
He added his board was interested in promoting options exchanges
in Asia, noting that a large chunk of its business was derived outside the United States.
Some derivative products, such as options on securities, can be standardized products traded on options exchanges
; others, such as currency and interest rate swaps, often are customized to suit the needs of individual end users, and purchased and sold in the over-the-counter market.
A Fortune 500 company and the parent company of the New York Stock Exchange, Intercontinental Exchange operates a network of global futures, equity and equity options exchanges
, as well as global clearing and data services across financial and commodity markets.