The Economist (November 17)
“Nobody in crypto has slept in days.” Despair has filled the crypto universe since ftx, a Bahamas-based crypto exchange and crown jewel in the empire of Sam Bankman-Fried, its once-feted founder, filed for bankruptcy on November 11th…. He was supposed to be crypto’s future. Instead, he may have robbed the industry of one.”
Tags: Bahamas, Bankman-Fried, Bankruptcy, Crypto, Despair, Exchange, Founder, FTX, Future, Industry
Crain’s Chicago Business (May 4)
CME’s last commodity trading pits “shut over a year ago because of COVID-19, and the exchange announced today that they won’t reopen.” CME “had already closed floor trading for most futures contracts in Chicago and New York in 2015 as open outcry had fallen to just 1% of total volumes. The options pits in Chicago, with history stretching back 173 years, were the exchange’s last bastion for old-school commodities floor traders.”
Tags: Chicago, CME, Commodity trading, COVID-19, Exchange, Futures, New York, Open outcry, Options pits
Bloomberg (April 20)
“The Tokyo Stock Exchange’s worst breakdown in six years has forced a rethink of the role alternative trading platforms play in ensuring that shares of some of the world’s biggest companies keep changing hands.” A February 2 computer glitch halted trading on many of the TSE’s biggest stocks. In the future, the Japan Securities Dealers Association will allow alternative trading platforms such as Chi-X Japan and SBI Japannext to continue trading if the TSE suffers another disruption. This will ensure that trading is possible even when the TSE breaks down.
“The Tokyo Stock Exchange’s worst breakdown in six years has forced a rethink of the role alternative trading platforms play in ensuring that shares of some of the world’s biggest companies keep changing hands.” A February 2 computer glitch halted trading on many of the TSE’s biggest stocks. In the future, the Japan Securities Dealers Association will allow alternative trading platforms such as Chi-X Japan and SBI Japannext to continue trading if the TSE suffers another disruption. This will ensure that trading is possible even when the TSE breaks down.
Tags: Chi-X Japan, Exchange, JSDA, SBI Japannext, Trading, TSE
