Americas Archive

The direction of travel for market structure rules has finally been given greater clarity as the Commodity Futures Trading Commission, the US derivatives regulator, has outlined its thinking on Dodd-Frank’s market participant requirements and how prop trading restrictions would affect markets. read more>

A dramatic increase in equity options trading at NYSE Euronext’s US-based NYSE Arca and NYSE Amex platforms suggests that institutional investors are increasing their use of other asset classes as they look for other ways to find returns.  read more>

US exchange Direct Edge will launch a market-making programme on 17 January as it seeks to improve the quality of liquidity on its market. read more>

US regulator, the Commodity Futures Trading Commission, will next week propose its version of the so-called Volcker rule, which aims to ban prop trading by deposit-taking institutions in the US. read more>

The so-called Volcker rule, which aims to ban prop trading by deposit-taking institutions in the US, could substantially reduce liquidity and cause significant mark-to-market loss of value for investors, according to a new report from research firm Oliver Wyman. read more>

The Securities and Exchange Commission is reviewing market-wide circuit-breakers and individual ‘limit up-limit down’ mechanisms designed to prevent future ‘flash crashes’ to ensure the two measures do not interact adversely together. read more>

The US Securities and Exchange Commission has pushed back approval of global exchange group NYSE Euronext’s proposed one-year pilot retail liquidity programme, which is aimed at attracting more retail flow to its New York Stock Exchange and NYSE Amex trading platforms. read more>

James Giddens, the US liquidation trustee for bankrupt futures broker MF Global, is in dispute with KPMG, the administrators of MF Global UK, over the classification under UK law of US$600 to US$700 million in US commodities claimant funds purportedly held as segregated assets for US customers dealing in foreign futures. read more>

The Financial Industry Regulatory Authority has fined Credit Suisse Securities for failing to properly supervise its short selling activities. read more>

Exchange groups NYSE Euronext and Deutsche Börse have extended the deadline for completing their merger to ensure they can clear the necessary regulatory hurdles. read more>