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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>
The decision from four federal US agencies to extend the comment period for the Volcker rule, a prohibition on proprietary trading activity by banks, has been welcomed by trade body the Securities Industry and Financial Markets Association. read more>
Plans to set up a new national securities regulator in Canada have come unstuck, following a decision by the country’s supreme court that such an organisation would be unconstitutional. read more>
The proposed merger between NYSE Euronext and Deutsche Börse has taken another small step towards completion with the approval of the antitrust division of the United States Department of Justice. read more>
KPMG, special administrators to the UK arm of failed futures brokerage MF Global, has warned there may not be enough money to cover all assets owed to former customers. read more>
US-based market operator BATS Global Markets has filed a proposal with regulators to establish a market making programme designed to support its recently-launched primary listings business. read more>
A planned merger between Argentina’s Rosario Futures Exchange (ROFEX) and Rosario Stock Exchange will pave the way for competition with the Buenos Aires Stock Exchange in equity derivatives products. read more>
Plans by the London Stock Exchange to open a trade repository for OTC derivatives suggest intensifying competition between infrastructure providers ahead of new swap clearing requirements, but indemnification disputes have also prompted fears of equity-style data fragmentation. read more>
Technology vendor Fidessa has teamed up with Chilean brokerage IM Trust to help the firm enhance its electronic trading offering for international clients. read more>
Virtu Financial, an electronic market making firm, has established a presence as a floor-based market maker in the US, following the purchase of Cohen Capital Group’s designated market making slots at NYSE and NYSE Amex. read more>