USA news Archive

Interactive Data will offer hosted services to trueEX, a US designated contract market for interest rate swaps, through its 7ticks platform, as preparations for the impending OTC derivatives legislation accelerates. read more>

Bank of America Merrill Lynch has launched new functionality within its US alternative trading system, Instinct X, that aims to offer the buy-side greater block trading opportunities. read more>

Market participants have raised concerns with the Commodity Trading Futures Commission that the potential growth of swap futures could create an uneven playing field between swap execution facilities and futures exchanges. read more>

A significant proportion of buy-side traders expect a reduction in the OTC derivatives volumes following the introduction of swaps rules, with many also expecting a substantial shift to equivalent futures, according to research from UBS. read more>

Commissioner Scott O'Malia said the US Commodity Futures Trading Commission's final rules governing swap execution facilities would be released by mid-February. read more>

Buy-side firms must prioritise the selection of clearing houses they want to use as part of preparation for new OTC derivatives legislation, or risk falling behind, according to new research. read more>

President Barack Obama has chosen a former federal prosecutor to replace Mary Schapiro as chairperson of the Securities and Exchange Commission. read more>

Knight Capital has revealed plans to combine its sales trading and electronic execution businesses. read more>

Trading technology vendor ConvergEx Group has hired Craig Reilly to join its LiquidPoint options team. read more>

Citi plans to offer a wider range of emerging market instruments on its new fixed income trading platform but will not extend the offering to corporate bonds due to fears of liquidity fragmentation. read more>