FIA SmartBrief
Plus, Citadel drops US crypto trade secrets case
Created for NPe8j9ny@nie.podam.pl | Web Version
 
July 9, 2026
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Top Stories
 
Cboe Predicts aims to convert prediction market users to options
Cboe Global Markets has introduced Cboe Predicts, a suite of prediction market contracts aimed at retail traders, to bridge the gap between prediction markets and options trading. The first product, Mini S&P 500 Index prediction market contracts, allows traders to take "yes" or "no" positions on market outcomes with a unique payout zone feature. Cboe aims to educate retail investors and create long-term market participants.
Full Story: Markets Media (7/8)
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Cboe, industry groups urge mandatory CCP interoperability
Cboe Global Markets and industry associations have urged the EU to make mandatory interoperability among central counterparties a key aspect of the Market Integration and Supervision Package. The groups argue in a letter that fragmentation in cash equities clearing raises costs and operational complexity for investors, and that mandatory CCP interoperability would enhance competition and market efficiency.
Full Story: Finadium (7/8)
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Operations Built for Next Generation Markets
Continuous trading hours are creating new demands on market infrastructure. Learn how firms can leverage resilient technology to navigate complexity, support growth, and operate with confidence.
 
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Industry Developments
 
Citadel drops US crypto trade secrets case
Citadel abandoned its US trade secrets lawsuit against a former employee after winning a £6 million London arbitration award. The firm said it would instead focus on enforcing a bankruptcy order, arguing that pursuing another judgment in the US would likely be difficult to collect.
Full Story: CoinDesk (UK) (7/8), Law360 (7/8)
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One Trading launches 24/7 leveraged equity futures for US stocks
One Trading has introduced a suite of leveraged equity futures to offer 24/7 trading access to major US equities, particularly large-cap technology and growth companies. The launch marks the first traditional asset class integrated into One Trading's infrastructure, complementing existing crypto derivatives and spot contracts.
Full Story: The Trade (UK) (7/9)
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Opinion: Always-on treasury essential for banks' success
The shift to an always-on economy, driven by the rise of real-time payments, is transforming the global financial system. Banks must invest in a continuous operating model that integrates payments, treasury and working capital into a seamless ecosystem to thrive in this environment, writes BNY's Carl Slabicki. APIs, tokenization and AI are critical enablers of this transition, allowing banks to manage liquidity more efficiently and scale operations in real-time.
Full Story: American Banker (7/8)
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Coinbase advances ‘everything exchange' vision with UK license
Coinbase is leveraging its newly obtained UK investment services license as a cornerstone in its 'Everything Exchange' strategy. The company is using the UK as a test case, aiming to merge banking, brokerage, savings, and crypto services into one seamless platform and login. With the new authorization, UK users will soon access equities, derivatives, stablecoin payments, savings, borrowing, and tokenized real-world assets from a single app, eliminating the need for multiple financial accounts.
Full Story: Bitcoin (7/8)
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EU equity plan raises liquidity concerns
EU lawmakers are considering tighter rules on equity market dealers as part of a broader push to strengthen primary exchanges and make Europe's stock markets more competitive. Industry participants warn the changes could instead reduce dealer activity and liquidity, undermining the goal of building deeper, more attractive European equity markets.
Full Story: Risk (subscription required) (7/9)
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Susquehanna backs World Cup hedges
Susquehanna has set aside $500 million to help institutions use prediction markets to hedge economic exposure tied to World Cup outcomes. The firm said sponsors, broadcasters, hospitality providers and consumer brands could use regulated event contracts to manage risks linked to promotions, rebates and other team-performance incentives.
Full Story: Bloomberg (7/8)
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Mixture model targets fat-tail risk
Risk (subscription required) (7/9)
 
 
BoE: Gilt, repo markets show resilience amid structural changes
Futures & Options World (7/8)
 
 
CME's IR portfolio margining hits $12B in daily savings
Finadium (7/8)
 
 
NSE to start trading natural gas derivatives this month
Futures & Options World (7/9)
 
 
Brent options levels may fuel rally
Bloomberg (7/8)
 
 
India clears FPI index derivatives
Business Standard (India) (tiered subscription model) (7/8), Bloomberg (7/8)
 
 
Former CFTC commissioner Quintenz joins prediction market advocacy group
CDC Gaming Reports (7/8)
 
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Regulation & Enforcement
 
ESMA sets new standards for CCP admission criteria