EXCHANGE NEWSWIRE, 23 July 2012
NDAQ’s all-cash compensation plan to make up for the losses that firms experienced during the botched Facebook IPO. The plan, which was filed with regulators on Friday, and is $22m more than originally proposed in June, may still fall short of market makers’ expectations, according to a Reuters report.
BATS CEO Joe Ratterman commented that SEC’s approval of NYX’s Retail Liquidity Provider in the US is preparing for a “fundamental shift in the way equity exchanges operate, the doctrine by which exchanges interact with their customers, and how exchanges and off-exchanges venues compete with each other.” Ratterman also announced the addition of Paul Atkins to the board of directors as non-executive chairman, and that all Chi-X Europe integration projects have been completed.
TOCOM extended its technology contract with NDAQ until 2019, under which NDAQ will continue to operate and support TOCOM’s integrated trading and clearing platform for commodity derivatives. TOCOM has also upgraded its trading platform to improve its latency performance.