TRADING
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.
BNY Mellon clients with exposure to China's huge bond market can now use those holdings as collateral via Hong Kong's Bond Connect program.
Ines de Tremiolles was named global head of trading at BNP Paribas Asset Management.
The global research market has lost more than 7,500 years of experience in the U.S. and across Europe since January 2018.
More buy-side firms are looking at outsourced trading as COVID-19 shines a spotlight on costs, business continuity and remote working.
The clearinghouse that played a role in January's Reddit-fueled market frenzy is proposing that settlement times for stock trades be halved.
Nasdaq agreed to sell its U.S. fixed-income electronic trading platform to an affiliate of Tradeweb Markets.
