Markets

Authorities are being pressured to close markets amid coronavirus chaos. Here are the 6 times the New York Stock Exchange has closed for an extended period.

The coronavirus pandemic has roiled markets and slowed economic growth in the US and abroad. Calls to close markets have grown amid increased volatility. Still, authorities including Treasury Secretary Steven Mnuchin have said markets will remain open, though shorter hours are being explored. Some markets including Cboe, CME, and NYSE […]
Authorities are being pressured to close markets amid coronavirus chaos. Here are the 6 times the New York Stock Exchange has closed for an extended period.
Markets

A group of Wall Street firms are planning to launch an stock exchange that should ‘scare the living daylights out of NYSE and Nasdaq’

A group of banks, market makers and retail brokers said on Monday they’re teaming up to launch an equities exchange. The founding members said they’re frustrated with the consolidation of power in the equities markets between three large exchange operators: Intercontinental Exchange, Nasdaq and Cboe Global Markets. The Member Exchange, […]
A group of Wall Street firms are planning to launch an stock exchange that should ‘scare the living daylights out of NYSE and Nasdaq’
Markets

CRYPTO INSIDER: There’s a big shakeup happening in the ICO market

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. Chris Concannon, the president of Cboe Global Markets, is one of Wall Street’s biggest crypto advocates. But the trading […]
CRYPTO INSIDER: There’s a big shakeup happening in the ICO market
Markets

Bitcoin futures could be hurting bitcoin’s price

The Fundstrat cofounder Tom Lee says bitcoin futures contracts could be linked to the cryptocurrency’s “gut-wrenching” decline. Futures were launched in December, and since then bitcoin has fallen to $US6,500 from $US20,000. CBOE responds saying “recent regulatory scrutiny” and declining media interest among more likely reasons for the price drop. […]
Bitcoin futures could be hurting bitcoin’s price
Markets

Cboe crashes 15% after VIX products implode

Cboe Global Markets, the options and derivatives exchange group, was crashing during Tuesday trade, according to Markets Insider data. The company’s stock was trading down nearly 15% at 10:31 a.m. ET, at $US112 a share. It appears the driver of the sell-off is the company’s connection to VIX products. Two […]
Cboe crashes 15% after VIX products implode
News

There’s an argument brewing over the launch of bitcoin futures

CME Group and CBOE set to launch bitcoin futures later this month. Futures Industry Association (FIA) complains that there hasn’t been proper industry consultation on the launch. Clearinghouses that will guarantee futures are worried they will carry all of the risks, FIA says. Bitcoin’s price regularly moves 10% in a […]
There’s an argument brewing over the launch of bitcoin futures