CME CEO Terry Duffy pressed CFTC Chair Michael Selig to do more to police manipulation in prediction markets as Kalshi and Polymarket expand under the agency's watch. The exchange boss highlighted rising tensions between traditional derivatives venues and newer platforms over market surveillance on Thursday at a meeting with the CFTC and industry executives, flagging issues with insider trading risks and the CFTC's support for products such as event contracts and crypto perps,

Intercontinental Exchange is considering participating in Polymarket's new funding round after investing over $1.6 billion in the prediction market platform. ICE CEO Jeff Sprecher emphasized that the firm's investment aims to facilitate information exchange rather than venture capital activity. Sprecher also clarified that the firm is not currently interested in offering perpetual futures, emphasizing that they do not align with ICE's hedging-focused client base, as these products lack a forward pricing curve and are primarily speculative in nature.

Goldman Sachs' rates trading desk has cemented itself as a core profit engine for the bank, despite enduring a $1 billion loss during March 2026's bond market turmoil. The rates business, which accounts for over a third of Goldman's fixed income revenues, rebounded strongly in the second quarter, contributing to the firm's best first half in fixed income trading in more than 15 years.

Miami International Holdings has reported significant growth since its IPO a year ago, with market share in US equity options nearing 19%. CEO Thomas Gallagher attributes this to structural tailwinds and strategic initiatives such as enhancing the MIAX Sapphire trading floor and partnering with Bloomberg Index Services to develop index futures.

The National Stock Exchange of India is considering allowing its shares to trade on its platform after listing on BSE, a move discussed during recent IPO roadshows. This would require approval from the Securities and Exchange Board of India, as current regulations do not allow self-listing by stock exchanges. The "permitted to trade" framework would enable this, potentially increasing liquidity and paving the way for the stock's inclusion in NSE indexes.

Virtu Financial is considering a sale of its agency brokerage and technology division for up to $4 billion to invest in its market-making operations. The move would mark a strategic shift under CEO Aaron Simons to focus more on risk-driven market making.

The Jakarta Futures Exchange has expressed interest in participating in the development of Indonesia's proposed commodities exchange, including by allowing the government to take a stake or by merging with other exchanges. "It's workable if it's done with an existing exchange that has shown success," says Suresh Mookiah, deputy CEO of JFX. President Prabowo Subianto announced last week that the bourse would begin operation in January to help create reference prices for key exports, including coal, nickel, palm oil, tin and coffee.

Top US banks are expanding across OTC derivatives after years of dealer specialization, according to buy-side filings in the 2026 rankings. The shift is squeezing European rivals and suggests the largest US houses are gaining share across a broader range of instruments.

CFTC Chair Michael Selig said the agency will move to set crypto market-structure rules even if Congress fails to pass the Clarity Act. The regulator is weighing new frameworks for leveraged crypto trading, event contracts, onchain platforms and AI compute futures, signaling a broader agency-led push to bring novel derivatives activity under federal oversight.

European regulators have proposed amendments to the non-cleared margin rules to exempt firms with less than €8 billion in derivatives exposures from initial margin requirements, aligning with the UK and US. The move clarifies an ambiguity that forced firms to post margin on legacy trades. The European Banking Authority also is consulting on a new reporting framework for the International Swaps and Derivatives Association's Standard Initial Margin Model.