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Although The TRADE USA has made every effort to ensure the accuracy of the stories on this website, neither it not any contributor can accept any legal responsibility whatsoever for consequences that may arise from errors or omissions or any opinions or advice given. This website is not a substitute for professional advice on a specific transaction.
The Commodity Futures Trading Commission has approved a rule in CME Group's rulebook that compels market participants to report the trades cleared through the US derivatives bourse to its data repository read more>
Wedge Partners, a provider of technology, media and telecoms research in the US and China, has signed a deal to use execution services from US agency brokerage Rosenblatt Securities. read more>
Trading volumes in interest rate swap futures will grow as investors seek more cost-effective ways to hedge risks, but the new contract type is unlikely to overshadow the growth of cleared OTC derivatives. read more>
Newedge has cleared its first OTC US dollar interest rate swap contract through CME Clearing, as the multi-asset broker accelerates its preparation for the new swaps trading era. read more>
Technology provider ConvergEx has released an algo designed for pre-market trading on US venues, a new strategy that it says will help buy-side traders execute large-sized trades before markets open. read more>
A shift in the competitive environment for options market making could lead to a drop in liquidity for lesser traded instruments, as technology continues to influence trading in the asset class. read more>
Citi has reshuffled its global equities management team and appointed Dan Keegan to lead the investment bank's US equities team. read more>
As a European financial transaction tax draws closer, calls for a similar levy in the US have been reignited. But the political will for a US FTT is limited, with industry experts warning a tax would dampen trading volumes and curtail economic growth. read more>
US buy-side traders are looking to new solutions to split commission payments between bulge-bracket brokers for execution and niche research providers, as smaller brokers refuse to sign commission sharing agreements. read more>
Interdealer brokers Tradition and ICAP have added US dollar interest rate swaps to their derivatives trading venues as both firms gear up to register as swap execution facilities under the Dodd-Frank Act. read more>