Trading

U.K.'s Labour Party wants financial transaction tax on bonds and derivatives

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Britain's Labour Party pledged to more than double what the government raises from taxes on financial transactions by extending stamp duty to cover derivatives and bonds, and removing an exemption...
AXA to take U.S. operations, AllianceBernstein stake public

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AXA says it is planning an initial public offering for its U.S. insurance operations.
European funds could get more time to comply with new clearing rules for derivatives

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European pension funds could save up to €1.6 billion if granted a proposed three-year exemption from compliance with new central clearing rules for derivative trades.
BlackRock, PIMCO said to plan new front in bank FX-rigging cases

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Some of the world's biggest investors are working with a U.S. law firm to prepare a fresh wave of litigation against banks accused of rigging foreign-exchange markets.
CFTC seeks comment for simplifying rules

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The Commodity Futures Trading Commission on Wednesday voted to seek public comment on simplifying and modernizing the commission's overall rules.
Trump's first 100 days — what has changed?

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With the new administration hitting its first 100 days, P&I goes back to sources to gauge opinions about President Donald Trump's policies.
Institutions at odds with retail over SEC's Order Protection Rule

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Many traders think the Order Protection Rule should go, but some see value in directing trades to exchanges based on the best price.
New ETF index charts growth of thriving financial sector

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A first-of-its-kind tracker exposes investors to the companies driving and participating in the growth of the ETF industry and its $2.7 trillion in assets under management.
Saudi stock exchange completes switch to T+2 settlement cycle

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Tadawul, the Saudi stock exchange, on Wednesday announced it had successfully completed its transition to a two-day settlement cycle for listed securities.
How institutions caught gold fever last year

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ETFs that specialize in precious metals netted close to $10 billion in 2016 with much of the interest coming from institutions — not small investors.
European markets rally amid French first-round election results

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European markets rallied early Monday following the first round of presidential elections in France, with money management executives largely positive on region's outlook.
Virtu Financial agrees to buy KCG Holdings

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High-frequency trading firm Virtu Financial agrees to acquire securities trading company KCG Holdings for $1.4 billion, both companies announced Thursday.
Markets mixed after Theresa May announces June U.K. election

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Market reaction was mixed to U.K. Prime Minister Theresa May's announcement that she would call for an early general election to take place June 8.
Research could be next for trading floor

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Pending regulations and calls for fee transparency could result in research being bought and sold on an exchange.
Bond problems possible over South Africa woes

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Institutional investors and money managers could become forced sellers of South African bonds, as the reality of the country's downgrade by credit rating agencies sets in.