ON THE MOVE: MEMX appoints John Barreiro; Northern Trust Wealth Management expands New York team. August 31, 2026 MEMX has hired John Barreiro as a Relationship Manager, according to an email sent to Traders Magazine. Barreiro brings more than 15 years of experience in electronic trading and equities market structure. Prior to MEMX, he spent over a decade at Cboe Global Markets, most recently as Senior Director and Head of U.S. Equities Sales, where he led sales strategy and client relationships across multiple U.S. equities exchanges, market data products, and connectivity services. He has extensive experience working with banks, asset managers, broker-dealers, and proprietary trading firms, helping clients navigate market structure and adopt high-performance trading infrastructure. At MEMX, Barreiro will be focusing on member engagement across numerous strategic initiatives, with particular focus on the equities exchange where his extensive insights and relationships can be an impact to all areas of its member base. Northern Trust Wealth Management has expanded its New York team with Senior Lead Relationship Manager Gloria Fieldcamp and Senior Relationship Manager James Le Rose, according to a press release. Fieldcamp advises founders, entrepreneurs, business owners, executives and multigenerational and cross-border families on integrated wealth strategies. Before joining Northern Trust, she spent 14 years at Fiduciary Trust International where she was a Managing Director and Senior Wealth Director. Le Rose develops personalized wealth strategies for high-net-worth families, drawing on more than 30 years of experience in wealth management, private banking and financial services. Before joining Northern Trust, he spent 13 years at Fiduciary Trust International where he was a Managing Director. BMO Capital Markets has hired Bill Bors in New York as it continues to build out its equities sales and trading franchise, according to The TabbFORUM. Bors joins from Barclays, where he spent five years and most recently served as head of New York cash sales trading, following a 32-year career at Credit Suisse. The appointment adds another senior equities hire to BMO's roster this year, following the additions of Christopher Limentani to its cash equities team and Joe Kostandoff in an equities leadership role Joe Russo has returned to Tradition as an equity dealer, Global Trading reported. He is based in London, where Michael Anderson is CEO of the firm. Russo has more than 20 years of industry experience, and was an equity trader at Tradition between 2005 and 2008. He later went on to work as an equity trader at ETX Capital and Zodiac Partners, and was an electronic equity trader at TP ICAP until 2023. If you have a new job or promotion to report, let me know at [email protected]

MEMX files with SEC to launch prediction contracts tied to corporate earnings. The upstart exchange wants to let traders bet on whether companies beat or miss their numbers, putting it in direct competition with Kalshi and Polymarket. an hour ago KODAK DC240 ZOOM DIGITAL CAMERA (via snoqap.com) MEMX, the exchange built by Wall Street to challenge Wall Street, just filed a proposed rule change with the SEC to offer prediction contracts tied to public company performance. The filing, submitted on August 11, positions the exchange to launch a product that lets traders place binary bets on corporate earnings, revenue, and other financial metrics. The products are called Equities Based Exchange Prediction Contracts, or EPCs. Each contract is priced between $0.01 and $0.99, functioning like a simple yes-or-no wager on whether a company hits a specific financial target. If you're right, the contract settles at $1. If you're wrong, it goes to zero. How EPCs actually work. That $0.01 to $0.99 price range means the maximum risk on any single contract is less than a dollar. MEMX plans to make these contracts accessible through established brokerages, with Interactive Brokers among the initial distribution partners. The target launch window is early 2027, assuming the SEC gives its blessing. Taking aim at Kalshi and Polymarket. MEMX is walking into a prediction market space that already has two prominent inhabitants. Kalshi, a CFTC-regulated exchange, has been offering event contracts on everything from economic data releases to weather events. Polymarket, which operates as a crypto-native prediction market, gained massive attention during the 2024 US presidential election cycle. Where MEMX sees its edge is in the regulatory wrapper. As a fully registered national securities exchange operating under SEC oversight, MEMX can offer something neither competitor currently provides: prediction contracts that live inside the same infrastructure where stocks and options already trade. MEMX isn't the only legacy exchange eyeing this territory. CME Group and Cboe Global Markets have both explored event-contract products. The bigger MEMX picture. Founded in 2019 by a consortium of major financial firms, MEMX was originally designed to inject more competition into US equity trading. The exchange has since expanded into options trading, operating both MEMX Equities and MEMX Options as separate platforms. On July 30, TMX Group announced a strategic combination with MEMX that would merge it with BOX, creating a combined entity valued at $2.3 billion. Disclosure: This article was edited by Editorial Team. For more information on how Crypto Briefing create and review content, see its Editorial Policy.