Chicago Mercantile will tighten floor surveillance.
The exchange’s move is an attempt to mollify critics who have complained of trading abuses. The exchange also announced that it had hired Paul B. O’Kelly, an assistant regional administrator in the Chicago office of the Securities and Exchange Commission, to become the exchange’s new president for compliance. Plans call for hiring eight investigators for the exchange’s compliance department, increasing the total number to 44. The new workers would include three floor investigators, the first permanent investigators assigned exclusively to the trading floor.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.