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George Canellos has been appointed the Securities Exchange Commission’s deputy director of the Division of the Enforcement after serving as director of the agency’s New York regional office. read more>
Cetip, the Brazilian fixed income central securities depository, has signed an agreement with the IntercontinentalExchange to develop a new fixed income trading platform for Brazilian corporate and government bonds.
Citadel Automated Trading Services, a division of Citadel Securities, has hired Tony Huck as a senior sales person focused on selling the firm’s suite of algorithms, including the Mercury and Mercury Dark algos. read more>
A commission recapture solution developed by agency broker Bloomberg Tradebook and technology vendor UAT aims to enhance trader productivity – and investment performance – by automating a process that has long been hindered by inefficiency. read more>
The costly swap dealer label has been avoided by all but the largest financial players – estimated by the Commodity Futures Trading Commission to be around 125 firms – and the vast majority of buy-siders will avoid the branding due to a significantly raised bar and a number of extra exemptions for hedging. read more>
Interdealer broker ICAP is revamping the technology platform which supports its BrokerTec trading system for US fixed income instruments as electronic trading of the asset class continues to grow. read more>
The board of directors of the Depository Trust & Clearing Corporation has elected Michael C. Bodson, currently COO, as president and CEO of the company effective 1 July. read more>
Canadian financial watchdogs have set out a new regulatory framework for dark trading, giving execution priority to lit orders, requiring meaningful price improvement and giving themselves the power to impose a minimum size for dark orders. read more>
As mounting regulation continues to pile more pressure on institutional investors, unrest has broken out on Wall Street, with a number of buy-side-led lawsuits filed against the Commodity Futures Trading Commission. read more>
Fixed income trading may have boosted US institutional broking revenues in Q1 2011, but new legislation impacting bond trading will cause banks to adapt their business models to maintain returns. read more>