William Von Hoene
William Von Hoene, a 19-year veteran of Exelon and the company s leading strategist over the past decade, is leaving at the end of this month.
Von Hoene, 67, senior executive vice president and chief strategy officer, has been battling health issues for much of the past year. Last summer, he arranged with the company to retire at the end of 2022, but both parties left the timetable open.
Von Hoene came to Exelon in 2002 after two decades as a litigator at Jenner & Block. He quickly became a key lieutenant of former CEO John Rowe. When CEO Chris Crane succeeded Rowe in 2012, Von Hoene rose even higher. He’s been either the company’s second or third highest paid executive for years.
This change could help keep the GameStop fiasco from happening again wraltechwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wraltechwire.com Daily Mail and Mail on Sunday newspapers.
Traders Magazine
DTCC Proposes Approach to Shortening U.S. Settlement Cycle to T+1 Within 2 Years
New white paper highlights the benefits of moving to a T+1 settlement cycle, and details plan to continue building industry support
Paper also provides updates on efforts already underway to increase settlement efficiency and reduce risk
New York/London/Hong Kong/Singapore/Sydney, 24 February 2021 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today released a two-year industry roadmap for shortening the settlement cycle for U.S. equities to one business day after the trade is executed (T+1). In its latest paper,
This change could help keep the GameStop fiasco from happening again
Part of what made last month’s GameStop trading frenzy such a mess: Right as the stock was hitting its peak, Robinhood and other brokerages placed restrictions on traders’ ability to buy it (and other surging “meme” stocks like AMC).
Many said the episode demonstrated that individual retail investors are at a disadvantage compared to hedge funds and other large Wall Street institutions.
Now, clearing firm The Depository Trust and Clearing Corporation (DTCC) which provides, basically, underlying infrastructure for equities markets has proposed shortening the settlement cycle for stock trades, which would reduce the likelihood of brokerages having to restrict trading during future periods of volatility.
Former Democratic lawmaker, two sons hit with tax charges in ComEd lobbying probe chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.