Americas Archive

January 31, 2014

Swap dealer rule change could benefit buy-side

A revision of the swap dealer rule suggested by Commodity Futures Trading Commission commissioner Scott O’Malia could avoid a reduction in buy-side counterparties due to a lower threshold requirement, according to Sean Owens, director of fixed income for consultancy Woodbine Associates. read more>

January 31, 2014

FIA chief urges pragmatic approach to SEF trading

FIA chief urges pragmatic approach to SEF trading

Market participants and regulators should prepare for system errors and liquidity issues ahead of mandatory trading on swap execution facilities, Walt Lukken, CEO of derivatives industry body the Futures Industry Association, has told theTRADEnews.com. read more>

January 29, 2014

Nasdaq overhauls risk management platform

Market operator Nasdaq OMX has unveiled a new set of risk management tools within its access services business, which will come under the TradeGuard brand and forms an expansion of the firm’s risk offering from the 2010 acquisition of risk platform FTEN. read more>

January 29, 2014

Order routing, tech issues top ICI trading priorities

Order routing, tech issues top ICI trading priorities

US buy-side trade body the Investment Company Institute will in 2014 focus on addressing key conflicts of interest around order routing and supporting industry efforts to reduce the occurrence of disruptions in the US equity market, according to its senior counsel. read more>

January 29, 2014

TeraExchange links to Traiana’s risk management tool

Swap execution facility TeraExchange has connected to Traiana’s clearing risk management service CreditLink. read more>

January 28, 2014

Invesco selects Portware for multi-asset class EMS

Execution management system provider Portware will provide global asset manager Invesco with its platform to manage execution across asset classes. read more>

January 27, 2014

ITG dark pool tops daily volume record

Agency broker ITG’s POSIT dark pool executed a record US$1.74 billion in equity value traded on 23 January, replacing a record set earlier in the month. read more>

January 24, 2014

Buy-side considers swap futures to temper MAT concerns

Asset managers are actively considering using futures products and swaps not required to be traded on swap execution facilities, as the second made available to trade submission is passed by the Commodity Futures Trading Commission. read more>

January 24, 2014

Cross-border swaps fragmentation likely to continue

Cross-border swaps trading activity has dramatically reduced since October between US and European dealers as participants weather the impact of regulations defining a ‘US person’ and the introduction of new swaps trading venues, which will likely continue well into 2014, an analyst from consultancy Celent has said. read more>

January 20, 2014

Trading on combined BATS-Direct Edge set for February

Trading on combined BATS-Direct Edge set for February

Trading on the combined BATS-Direct Edge US exchange will commence from 3 February after expected Securities and Exchange Commission approval in January, sources close to the matter have said, with the group set to challenge the New York Stock Exchange’s dominance. read more>