Americas Archive

January 09, 2014

IEX data shows December jump

Buy-side-owned dark pool IEX, which launched in October, nearly doubled its average daily trading volume to over 10 million shares in December, according to its own figures. read more>

January 09, 2014

Exchange figures show tough environment for equity derivatives

Equity derivatives volumes, particularly options contracts, faltered in 2013 but some exchange groups registered increased activity in other products, pushing volume figures into positive territory. read more>

January 08, 2014

JP Morgan becomes co-owner of Chi-X Global

Chi-X Global Holdings has announced that JP Morgan is to become the eighth financial institution to take a stake in the firm. read more>

January 08, 2014

Numerous SEF challenges predicted in 2014

Numerous SEF challenges predicted in 2014

The absence of harmonised cross-border rules is just one of a number of problems facing operators and users of swap execution facilities when mandated trading begins, a report from research consultancy Aite has found. read more>

January 07, 2014

BATS-Direct Edge markets increase share in December

The four exchanges that will operate under the BATS Global Markets brand increased their overall monthly market share in December, but the New York Stock Exchange’s two markets held the dominant position for the month, closing out a strong year of market performance. read more>

January 06, 2014

Algo trading systems in FINRA sights

The Financial Industry Regulatory Authority will investigate market participants’ algorithmic trading systems to ensure adequate monitoring is taking place and help the industry avoid algo-related trading errors, the organisation has stated. read more>

January 02, 2014

Instinet fined US$800,000 over soft dollar payments

Agency brokerage Instinet, part of Nomura, has had to pay US$800,000 to the US Securities and Exchange Commission (SEC) for ignoring red flags and paying soft dollars for improper expenses from a client. read more>

December 20, 2013

ConvergEx routing fraud and deception trigger major fine

Execution broker ConvergEx engaged in fraudulent order routing practices, including executing at inflated prices through an offshore affiliate and providing clients with falsified trade data, the Securities and Exchange Commission has found, and faces fines totaling over US$150 million. read more>

December 19, 2013

CFTC registers LCH.Clearnet as DCO

US derivatives regulator the Commodity Futures Trading Commission has authorised global central counterparty LCH.Clearnet to clear instruments as a derivatives clearing organisation. read more>

December 13, 2013

ICE details plans for Liffe transition

IntercontinentalExchange Group plans to have separated the Liffe London derivatives market from Euronext in Q1 2014 and said it will be fully integrated into the group by the end of next year. read more>