Posts tagged IntercontinentalExchange

The End of The Pits

Yesterday prior to its earnings call today, $CME announced it was closing the pits.  One can read a lot into an announcement ahead of earnings.  I don’t know if earnings are good or bad, but certainly the earnings call conversation …






Bitcoin For The Masses

At the North American Bitcoin conference, there was a lot of talk about what it would take to mainstream Bitcoin.  It’s pretty easy to see the impediments: No banking relationships Mobile payment checkout is hard Theft and Security Volatility Liquidity …






Order Types Affect Markets

The explosion of electronic trade has caused a corresponding explosion of ways to trade.  That sounds stupid.  There is only one way to trade now-and its through a computer.  Shouldn’t that limit market participants? It doesn’t. In the old days …






ICE Chief Takes Lead On Market Reform

One of the reasons I started this blog in 2010 was because I thought that the general public was pretty misinformed when it came to how markets worked.  Specifically regulated public markets.  However, as I got into it, I found …






CFTC Coming At HFT

This is what happens when you don’t regulate yourself.  Or, perhaps it was inevitable since we are now “blessed” with an activist government. There are those out there that will jump up and down with joy that the CFTC is …






CME and DeutscheBorse

Don’t believe the press.  They are chatting.  But, exchanges always chat.  It goes back to the 1980’s with all the meaningless “memorandum of understandings” exchanges did with each other before they all went public and embraced electronic trading. There are …






CME Response To ICE/NYX

What would I do if I were $CME and saw $ICE buy $NYX?  There are three responses. First is do nothing.  Costs you nothing, and allows the firm to pursue its existing strategy.  While doing nothing, CME might counsel regulators …






ICE And NYX Sitting in A Tree

The $ICE exchange is viewed by many old time $CME members as an upstart.  If one were categorizing exchanges and their business models, ICE would be the startup.  CME liked to think of itself as the start up since it’s …