Archive

May 24, 2013

ISDA casts doubt on SEF quote rules

The International Swaps and Derivatives Association has voiced disagreement with recent rules that dictate a minimum number of quotes market participants must seek when trading on new swap execution facilities. read more>

May 24, 2013

ConvergEx upgrade reduces latency for Millennium ATS

Brokerage and trading services provider ConvergEx has upgraded the infrastructure behind its US alternative trading system (ATS) Millennium ATS, claiming to have reduced latency by 75%. read more>

May 22, 2013

Abide Financial, SunGard, Rate Validation Services and more...

Regulatory compliance services firm Abide Financial has released a new service to help firms comply with the European market infrastructure regulation alongside the firm's existing reporting tool. read more>

May 21, 2013

Buy-side firms concerned over sales trader knowledge

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>

May 21, 2013

Mini crash fuels calls for market structure overhaul

Mini crash fuels calls for market structure overhaul

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>

May 21, 2013

Barclays sees value in dark pool reporting

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>

May 20, 2013

SIFMA appoints new CEO and president

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>

May 20, 2013

SIFMA appoints new CEO and president

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>

May 20, 2013

FPL updates post-trade guidelines

Reducing settlement times and streamlining post-trade processes were key issues in new FIX Protocol Limited global post-trade processing guidelines released today, according to a senior member of FPL's post-trade team. read more>

May 20, 2013

Rule-makers caught out in the dark

New rules introduced by MiFID II and a pan-European transaction tax could have far-reaching implications for dark trading in Europe, while US authorities are expected to review critical regulations that impact alternative trading venues. read more>