Americas Archive

Nasdaq OMX is set to implement operation performance monitoring (OPM) across its US platforms. read more>

OTC Markets Group has launched a data service providing comprehensive corporate action data for companies trading on its marketplaces. read more>

Brokerage and trading services provider ConvergEx has upgraded the infrastructure behind its US alternative trading system Millennium ATS, claiming to have reduced latency by 75%. read more>

The International Swaps and Derivatives Association has voiced disagreement with recent rules that dictate a minimum number of quotes market participants must seek when trading on new swap execution facilities. read more>

A 'mini flash crash' that wiped out the value of a US stock has again suggested US market structure distress, days after a roundtable saw captains of the finance industry agree that regulators should be careful not to interfere with a well-functioning system. read more>

Over half of asset managers do not agree that sales traders understand their business and how they generate alpha, according to research from US consultancy Woodbine Associates. read more>

Barclays has confirmed it will continue reporting monthly aggregate data from its US dark pool LX citing the industry benefits of greater transparency, a month after rival dark pool operator Credit Suisse ceased relaying similar data. read more>

Sell-side trade body the Securities Industry and Financial Markets Association has appointed former US senator Judd A. Gregg as CEO and former US representative Kenneth E. Bentsen, Jr. as president. read more>

Swap execution facilities have been given the go-ahead after the US Commodity Futures Trading Commission passed final rules on OTC derivatives trading, including dropping the number of bids buyers must request to three. read more>

Many buy-side firms will not be ready for the 10 June swaps clearing deadline under the Dodd-Frank Act, which will contribute to an estimated US$55 trillion notional shortfall, research has shown. read more>