USA news Archive

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>

The former head of Knight Capital's algo business Joseph Wald has joined global trading services provider GAIN Capital. read more>

Investment firm Citadel has begun using Bloomberg's fixed income trading platform for electronic trading and clearing of interest rate swaps (IRS) ahead of new regulation in the US. read more>

The Securities and Exchange Commission has prevented Nasdaq OMX from offering benchmark algorithmic strategies, citing competition concerns and the potential for market risk. read more>

The proportion of equities traded off-exchange grew throughout 2012 despite a three-year decline in trading volumes of US shares, new data has revealed. read more>