Financial Business Recap: CME Wants London-Based EXCHANGE, Barclays’ Likely New CEO

CME Group Inc. (NASDAQ:CME) announces that it is applying to the United Kingdom’s Financial Services Authority for the creation of a London-based derivatives exchange, since more that 20 percent of its volume comes from Europe. Upon approval as a Recognized Investment Exchange, the firm will initially start the trading of foreign exchange futures, expected in mid-2013.

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The board of JPMorgan Chase & Co. (NYSE:JPM) has named the former Exxon Mobil Corporation (NYSE:XOM) Chief Executive Lee Raymond as the chairman of a panel that’s looking into a possible involvement of JPM’s current Chief Executive Jamie Dimon in the bank’s multi-billion dollar “London-whale” trading fiasco, according to the Wall Street Journal. Former JPMorgan Director John Biggs says of Raymond that, “He won’t whitewash anything”, and a source agrees, remarking that he was “tough as nails” when at Exxon.

The next chief executive of Barclays PLC’s (NYSE:BCS) might be Anthony Jenkins, who is currently the head of retail operations, according to The Telegraph, as he has emerged as the top candidate for the spot. It was previously thought that The Royal Bank of Scotland chief Stephen Hester was likely in line for the position, but the board worries that his selection would not “signal the right politics.”

TICC Capital Corp. (NASDAQ:TICC) has completed its secondary from last week, with the underwriters exercising their option to purchase 450,000 additional shares, which brings the total amount of the offering to 3.45 million. The shares were priced at $9.65, providing gross proceeds at $33.3 million, and have rebounded to $9.95, which is above their pre-offering price.

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