The House passed a $1.5 trillion omnibus funding bill, including a replacement framework for outstanding financial contracts tied to LIBOR.
The final phase for rules governing uncleared derivatives goes into effect soon, and institutions should be preparing, sources said.
Broker TP ICAP is set to launch a cryptoassets trading platform for institutional investors later this year.
Credit Suisse Group paused the launch of a credit fund run by star trader Hamza Lemssouguer as it dials back risk.
More buy-side firms are looking at outsourced trading as COVID-19 shines a spotlight on costs, business continuity and remote working.
Nasdaq agreed to sell its U.S. fixed-income electronic trading platform to an affiliate of Tradeweb Markets.
Clearinghouses are weighing whether to shift trillions of dollars of derivatives away from the LIBOR weeks before the benchmark expires.
Caisse de Depot et Placement du Québec is now a lead investor in exchange operator IEX Group.
London Stock Exchange Group has agreed to sell its Italy-based stock exchange, paving the way for its planned acquisition of Refinitiv.
U.S. stock exchanges and market makers are joining forces to fight a proposed tax on financial transactions being weighed in New Jersey.
Robinhood Markets and TD Ameritrade resolved trading and other technical problems that were part of wider industry glitches Monday.
Shortening the European trading day could be detrimental to markets and end investors, warned a trade group for the exchanges.
A number of changes to European trading rules are necessary to ensure best execution and to enhance pre- and post-trade transparency.
Wall Street trading desks notched the best quarter in eight years as clients rushed to change or hedge positions amid the COVID-19 outbreak.
China is weighing merging its two biggest brokerage firms to create a company that can better compete with the global investment banks.
Asset managers find "it's bad to be slow in a fast market," while they live the worst of both as Wall Street traders work from home.
The trading firm, which traded at CME, was unable to meet its capital requirements.
Institutional investors are backing a proposal from IEX Group that aims to help level the playing field on executing stock orders.
Suggestions to remedy perceived problems caused by the Markets in Financial Instruments Directive II could mean more upheaval for managers.
The SEC approved a new pricing mechanism from Cboe that allows traders to bypass fees charged by other exchanges for closing auctions.
Northern Trust Corp.'s capital markets division has developed a machine-learning based pricing engine for securities-lending clients.
IEX Group submitted a fee filing to the SEC aimed at providing transparency into the cost of connecting to exchanges.
The ongoing shift to passive from active management and the rising volatility of equities have challenged buy-side head and senior traders.
London Stock Exchange Group agreed to snap up Refinitiv in a $27 billion blockbuster deal, betting on a future dominated by data.
London Stock Exchange Group is in talks to acquire financial data and trading platform provider Refinitiv in a possible $27 billion deal.