Americas Archive

May 02, 2013

Direct Edge offers new incentive to high-volume users

US exchange operator Direct Edge has released its latest incentive for high-frequency trading by offering active market participants a reduced fee to remove and route shares. read more>

May 02, 2013

SEC plans ‘robust and workable’ roadmap for cross-border swaps

SEC plans ‘robust and workable’ roadmap for cross-border swaps

The US Securities and Exchange Commission yesterday unveiled its new framework for cross-border swaps, with chairman Mary Jo White claiming that its ‘substituted compliance’ approach would reduce the regulatory complexity faced by global market participants. read more>

May 01, 2013

CFTC to address systemic risks, moots ‘guidebook’ on swaps data

CFTC to address systemic risks, moots ‘guidebook’ on swaps data

The Commodity Futures Trading Commission (CFTC) is to lay out its plans to bolster the stability of US derivatives markets with the publication of a concept release before the end of June. read more>

April 25, 2013

Investors support call for Dodd-Frank extraterritoriality changes

Buy-side associations have backed the substance of a letter from nine governments warning of damage to derivatives markets unless the US abandons its plan to subject overseas subsidiaries of US entities to Dodd-Frank. read more>

April 25, 2013

Derivatives tax proposal ‘would punish risk management’

A US budget proposal that would change how derivatives are taxed could, if agreed, increase portfolio risk and damage both the derivatives and underlying markets, investor bodies and analysts claim. read more>

April 25, 2013

Aladdin deal shifts credit market towards open platform

MarketAxess has said its deal with BlackRock's Aladdin Trading Network to develop a platform for the US$14 trillion US credit market will increase the market's focus on a single set of open-platform solutions despite a likely increase in competing venues. read more>

April 24, 2013

Twitter Tuesday shows US equity market resilience

Twitter Tuesday shows US equity market resilience

Tuesday's Twitter-inspired mini-crash confirmed the US equity market's vulnerability to misinformation in the social media age, but a rapid rebound suggested the resilience of trading systems, industry experts have stated. read more>

April 19, 2013

Bloomberg lawsuit will not stem swap futures

Bloomberg's legal action against the Commodity Futures Trading Commission this week will not constrain the growth of swap futures, experts have warned. read more>

April 18, 2013

Inertia ‘to blame for near-savage markets’

A breakdown in the consensus over market structure has left investors confused in conditions of “near savagery” as they scour the margins for advantage, according to California-based Jones Trading. read more>

April 16, 2013

Barclays sees shift towards trading hybrids

Barclays claims the automated capital commitment feature launched this week for its US clients will "shift the industry" towards hybrid alternatives to electronic trading. read more>