US options trading slowed in the third quarter of 2026 after reaching record levels in the previous quarter, although zero-day options, FLEX contracts and overnight trading continued to set new highs, according to a report from Cboe Global Markets.
Patricia (Patty) Koetzner, the incoming 2027 Chair of the Security Traders Association (STA), plans to focus on strengthening the organization’s regional affiliates, attracting younger professionals and ensuring the trading industry’s voice is heard as U.S. market structure continues to evolve.
Ben Steen has joined Wells Fargo’s Municipals Trading team as Vice President in New York, according to a LinkedIn post. Steen joins from Barclays Investment Bank, where he spent more than five years, most recently serving as Vice President in Municipals Trading from September 2024 to November 2026.
A recent pilot involving Uber, HSBC, Franklin Templeton, Tradeweb and Fireblocks demonstrated how a corporate treasury could invest in tokenized money market funds and access liquidity outside traditional market hours, including over a weekend.
Exchanges are facing growing pressure to modernize their trading infrastructure as longer trading hours, rising message traffic and competition from alternative trading platforms challenge traditional market models, according to speakers at a World Federation of Exchanges (WFE) webinar.
