Trading

Clayton rejects request to delay start of consolidated audit trail

TRADING -

TRADING -

SEC Chairman Jay Clayton rejected a last-minute attempt by stock exchanges to delay implementation of the consolidated audit trail.
MiFID II research rules concern bond managers

Investing -

Investing -

Money managers are split on the effect of the MiFID II rules on fixed-income research, its quality and availability.
London Stock Exchange to hold meeting for votes to keep CEO on board, remove chairman

Governance -

Governance -

The London Stock Exchange Group will hold a general meeting of shareholders to consider resolutions related to its chairman and CEO.
NBIM urges improvements in foreign-exchange markets

Trading -

Trading -

Norges Bank Investment Management has called for improvements to three areas of the foreign-exchange market.
China makes historic move to open market for financial firms

MARKETS -

MARKETS -

China said it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures and fund managers.
ICMA: Most money managers plan to unbundle research costs globally as a result of MiFID II

REGULATION -

REGULATION -

The majority of money managers with business across the globe plan to unbundle research costs globally because of MiFID II.
MSCI to temporarily block new companies with unequal voting structures from 2 indexes

GOVERNANCE -

GOVERNANCE -

MSCI announced it will temporarily block new companies with unequal voting structures from two of its indexes.
Commentary: Riding the Korean wave

Industry voice -

Industry voice -

South Korea's ability to respond quickly to the potential in export markets makes the economic giant hard to ignore.
Canyon Bridge Capital Partners managing director charged with insider trading

REGULATIONS -

REGULATIONS -

Canyon Bridge Capital Partners managing director Benjamin Chow was charged Monday with insider trading.
Deutsche Bourse CEO to step down at end of year

TRADING -

TRADING -

Carsten Kengeter will step down as CEO of Deutsche Bourse at the end of the year.
SEC gives acting director permanent job at office of compliance inspections and examinations

REGULATION -

REGULATION -

Peter Driscoll was named director of the Securities and Exchange Commission's office of compliance inspections and examinations.
SEC issues guidance on unbundling of research, execution costs

REGULATION -

REGULATION -

U.S. managers will be allowed to unbundle research and execution costs and not violate their fiduciary duty under guidance issued by the SEC.
Intercontinental Exchange buys electronic trading venue BondPoint

Trading -

Trading -

Intercontinental Exchange agreed to acquire electronic fixed-income trading venue BondPoint for $400 million in an all-cash deal.
Traders have long way to go in use of AI, panelists say

TRADING -

TRADING -

Digging through data makes the use of artificial intelligence in derivatives trading a work in progress, say speakers at an FIA conference.
Former HSBC trader found guilty in front-running scheme

TRADING -

TRADING -

The former global head of FX cash trading at HSBC was found guilty of assisting in a front-running scheme involving $3.5 billion in trades.