Americas Archive

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>

Traiana's risk management service for swap clearing is set to go live with users after the post-trade solutions provider completed testing with its first futures commission merchant. read more>

Six years after implementation, Reg NMS's days may be numbered, with the Securities and Exchange Commission planning a wholesale review of US equity market structure and a respected analyst calling for market participants to make their views known. read more>

Execution and research broker ITG has released a new web-based tool that allows buy-side trading desks to monitor their execution performance in equity markets in real time. read more>

The first week of limited trading on alternative venue operator Chi-X Canada's second venue attracted liquidity in the ten stocks traded, while new electronic trading rules will have minimal impact on the market, according to Chi-X Canada CEO Dan Kessous. read more>