Americas Archive

February 26, 2014

US venues must avoid “carbon copy” effect

New US equity trading venues must bring innovation to the market and ensure they do not replicate existing functionality to avoid unnecessary liquidity fragmentation and complexity, the head of markets from recently launched dark pool IEX has said. read more>

February 25, 2014

IEX eyes Q2 lit market transition

A dark pool launched in November could become a lit market by July as it continues to gain market share, crossing its billionth share last week and setting a daily trading record. read more>

February 24, 2014

Volcker compliance “monumental task”, says report

Banking entities subject to the Volcker rule, which seeks to reduce systemic risk by limiting banks’ proprietary trading activity, will face significant compliance challenges, a report from Woodbine Associates has found. read more>

February 21, 2014

Mandated SEF rates trading “chaotic” as credit deadline approaches

Mandated SEF rates trading “chaotic” as credit deadline approaches

Market participants saw a shaky start to swap execution facility trading this week, while mandated credit trading next week poses new challenges. read more>

February 20, 2014

US tick size pilot may boost dark trading, says SocGen

A pilot programme to widen tick sizes in small- and mid-cap US equities would increase dark activity and passive trading strategies, research from Societe Generale has found. read more>

February 19, 2014

Eze pushes into Latin America with Rio asset manager

Brazilian asset manager Dynamo Administração de Recursos has begun using Eze Software Group’s order management system. read more>

February 19, 2014

ITG launches hedge fund OMS and EMS

Research and execution broker ITG has expanded its offering for hedge funds with the launch of an order management system and execution management system. read more>

February 18, 2014

Execution heads urge Reg SCI re-think

Execution heads urge Reg SCI re-think

Despite a spate of exchange system trading malfunctions, regulators must be wary of overreach when finalising Regulation Systems Compliance and Integrity, two US bulge bracket execution heads have said. read more>

February 14, 2014

Buy-side yet to trade on SEFs ahead of MAT deadline

Buy-side yet to trade on SEFs ahead of MAT deadline

Despite months of lead time, many US asset managers will next week execute their first swap execution facility trades when mandatory trading begins, although the key test for buy-side firms will be the transition to central limit order book trading, a New York conference heard yesterday. read more>

February 13, 2014

EU-US deal reached on derivatives trading venues

The European Commission and the Commodity Futures Trading Commission (CFTC) have agreed a deal that allows European OTC derivatives trading venues exemption from US regulations until equivalent European rules come into force. read more>