House approves LIBOR transition bill within spending package
March 10, 2022 10:44:05 AMThe House passed a $1.5 trillion omnibus funding bill, including a replacement framework for outstanding financial contracts tied to LIBOR.
It's near zero hour to meet new margin rules
February 28, 2022 12:00:00 AMThe final phase for rules governing uncleared derivatives goes into effect soon, and institutions should be preparing, sources said.
TP ICAP partners with Fidelity unit for cryptoassets trading
June 29, 2021 03:00:55 PMBroker TP ICAP is set to launch a cryptoassets trading platform for institutional investors later this year.
Credit Suisse halts star trader’s fund on risk concern
April 21, 2021 03:02:05 PMCredit Suisse Group paused the launch of a credit fund run by star trader Hamza Lemssouguer as it dials back risk.
Outsourced trading becoming side effect of virus for managers
March 08, 2021 12:00:00 AMMore buy-side firms are looking at outsourced trading as COVID-19 shines a spotlight on costs, business continuity and remote working.
Nasdaq to sell U.S. fixed-income platform to Tradeweb Markets
February 03, 2021 02:00:55 PMNasdaq agreed to sell its U.S. fixed-income electronic trading platform to an affiliate of Tradeweb Markets.
Early LIBOR shift for derivatives is weighed by clearinghouses
January 15, 2021 12:20:25 PMClearinghouses are weighing whether to shift trillions of dollars of derivatives away from the LIBOR weeks before the benchmark expires.
CDPQ becomes lead investor in exchange operator IEX Group
December 03, 2020 09:00:00 AMCaisse de Depot et Placement du Québec is now a lead investor in exchange operator IEX Group.
LSEG strikes deal to divest Italian stock exchange unit
October 09, 2020 08:22:44 AMLondon Stock Exchange Group has agreed to sell its Italy-based stock exchange, paving the way for its planned acquisition of Refinitiv.
Trading powerhouses join exchanges in fighting N.J. tax plan
September 11, 2020 03:46:53 PMU.S. stock exchanges and market makers are joining forces to fight a proposed tax on financial transactions being weighed in New Jersey.
Robinhood, TD Ameritrade resolve client trading glitches
August 31, 2020 02:18:27 PMRobinhood Markets and TD Ameritrade resolved trading and other technical problems that were part of wider industry glitches Monday.
European exchanges warn against shorter trading hours
July 01, 2020 12:31:44 PMShortening the European trading day could be detrimental to markets and end investors, warned a trade group for the exchanges.
ICI Global: Changes needed to European trading rules
May 15, 2020 01:21:53 PMA number of changes to European trading rules are necessary to ensure best execution and to enhance pre- and post-trade transparency.
Bank traders save profits and maybe themselves in new crisis
April 16, 2020 03:48:35 PMWall Street trading desks notched the best quarter in eight years as clients rushed to change or hedge positions amid the COVID-19 outbreak.
China weighs merging its biggest brokers to take on Wall Street
April 14, 2020 11:46:41 AMChina is weighing merging its two biggest brokerage firms to create a company that can better compete with the global investment banks.
Traders dread getting sent home as markets move faster than Wi-Fi
March 21, 2020 10:06:19 AMAsset 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.
Ronin Capital assets auctioned
March 20, 2020 06:21:08 PMThe trading firm, which traded at CME, was unable to meet its capital requirements.
Institutional investors back IEX proposal to prevent unfair trading
February 26, 2020 03:43:42 PMInstitutional investors are backing a proposal from IEX Group that aims to help level the playing field on executing stock orders.
MiFID II unbundling review raises concerns
February 24, 2020 12:00:00 AMSuggestions to remedy perceived problems caused by the Markets in Financial Instruments Directive II could mean more upheaval for managers.
SEC approves Cboe market close pricing option
January 22, 2020 12:28:04 PMThe SEC approved a new pricing mechanism from Cboe that allows traders to bypass fees charged by other exchanges for closing auctions.
Northern Trust debuts machine-learning engine for securities lending
August 12, 2019 02:40:39 PMNorthern Trust Corp.'s capital markets division has developed a machine-learning based pricing engine for securities-lending clients.
IEX proposes lower cost exchange connection fee
August 09, 2019 12:14:02 PMIEX Group submitted a fee filing to the SEC aimed at providing transparency into the cost of connecting to exchanges.
Buy-side traders sink as commission pools drain – report
August 02, 2019 02:03:34 PMThe ongoing shift to passive from active management and the rising volatility of equities have challenged buy-side head and senior traders.
LSE's $27 billion Refinitiv deal creates trading powerhouse
August 01, 2019 09:11:39 AMLondon Stock Exchange Group agreed to snap up Refinitiv in a $27 billion blockbuster deal, betting on a future dominated by data.
LSE seeks to acquire Refinitiv in deal valued at $27 billion
July 29, 2019 10:37:34 AMLondon Stock Exchange Group is in talks to acquire financial data and trading platform provider Refinitiv in a possible $27 billion deal.