Trading

77% of financial execs expect blockchain for post-trade use within 5 years

77% of financial execs expect blockchain for post-trade use within 5 years

Forty-eight percent of executives at banks, financial services firms, traders and government agencies said blockchain technology will be adopted for post-trade use in the next three to five years...

February 13, 2017 | 12:27 pm

IOSCO: Bond trading innovations meet challenges

Corporate bond market illiquidity and the suitability of platform design are key challenges in institutional fixed-income trading, said the International Organization of Securities Commissions.

February 08, 2017 | 01:41 pm
Royal Bank of Scotland to pay $85 million to settle ISDAFIX manipulation charges

Royal Bank of Scotland to pay $85 million to settle ISDAFIX manipulation charges

Royal Bank of Scotland will pay $85 million to settle CFTC charges that it tried to manipulate a benchmark for global interest-rate swaps and related derivatives.

February 03, 2017 | 11:31 am
Lazard banker wrangles with activists empowered by ETF flows

Lazard banker wrangles with activists empowered by ETF flows

On the 61st floor of the iconic 30 Rock building in Midtown Manhattan, Jim Rossman's team is embarking on a big data project this year. Its mission: analyzing shareholder ownership in a way that...

February 01, 2017 | 11:46 am
The evolution of the ETF industry

The evolution of the ETF industry

The explosion in ETF assets is evidence of a broad shift in the way investors approach asset allocation, looking for any edge they can find to increase performance and lower volatility.

January 31, 2017 | 11:02 am
Deutsche Bank to pay $627 million to settle Russian money laundering charges

Deutsche Bank to pay $627 million to settle Russian money laundering charges

Deutsche Bank will pay a combined $627 million in penalties to U.K. and New York state regulators to settle charges that the bank did not monitor money laundering of $10 billion out of Russia in a...

January 31, 2017 | 10:20 am
Overlay managers offer small funds help on external trading

Overlay managers offer small funds help on external trading

Overlay managers are looking to expand their business by targeting smaller endowments and foundations — not just by managing a portfolio, but also by allowing those funds to use their trading...

January 23, 2017
CFTC extends comment period on Reg AT proposal

CFTC extends comment period on Reg AT proposal

The Commodity Futures Trading Commission on Monday extended to May 1 the comment period for its supplemental Regulation Automated Trading proposal.

January 23, 2017 | 03:28 pm
Ex-Visium manager found guilty of fraud in about 90 minutes

Ex-Visium manager found guilty of fraud in about 90 minutes

Stefan Lumiere, a onetime portfolio manager for hedge fund firm Visium Asset Management, was convicted of federal securities fraud charges in the culmination of a three-year case that included the...

January 19, 2017 | 05:28 pm
CFTC enforcement division director to leave Feb. 3

CFTC enforcement division director to leave Feb. 3

Aitan Goelman, director of the CFTC's enforcement division, will step down from his post Feb. 3, the regulatory agency says.

January 19, 2017 | 01:24 pm
Citigroup Global Markets to pay $25 million to settle spoofing charges

Citigroup Global Markets to pay $25 million to settle spoofing charges

Citigroup Global Markets will pay the CFTC $25 million to settle charges it engaged in spoofing by placing orders to trade U.S. Treasury futures and then canceling them before execution.

January 19, 2017 | 12:49 pm
DOL's Borzi on the fiduciary rule: There is no going back

DOL's Borzi on the fiduciary rule: There is no going back

In her eight years serving in the Obama administration, Phyllis Borzi says her proudest accomplishment is the conflict-of-interest rule, which many Republicans in Congress now hope to repeal.

January 18, 2017 | 12:25 pm
Banks rejected by Supreme Court, lose bid to derail LIBOR suits

Banks rejected by Supreme Court, lose bid to derail LIBOR suits

The U.S. Supreme Court turned away an appeal by Bank of America, Citigroup and J.P. Morgan Chase, refusing to stop antitrust lawsuits that accuse some of the world's largest banks of conspiring to...

January 17, 2017 | 03:00 pm
Citadel Securities to pay $22.5 million to settle SEC algorithm case

Citadel Securities to pay $22.5 million to settle SEC algorithm case

Citadel Securities will pay $22.6 million to settle charges that its retail customer orders unit misled other brokerage firms about how it priced trades.

January 13, 2017 | 01:13 pm
BlackRock reports $41 billion in institutional net inflows in quarter; net income falls 3%

BlackRock reports $41 billion in institutional net inflows in quarter; net income falls 3%

BlackRock says assets under management reached $5.15 trillion as of Dec. 31, up 1% from three months earlier and up 11% from a year earlier.

January 13, 2017 | 11:51 am