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The InterContinental Exchange (ICE) will launch its first US credit futures contracts next month, which will offer an alternative to credit default swaps that are due to migrate to new electronic trading facilities, subject to rules being finalised. read more>
US exchange operator Direct Edge has released its latest incentive for high-frequency trading by offering active market participants a reduced fee to remove and route shares. read more>
MarketAxess has said its deal with BlackRock's Aladdin Trading Network to develop a platform for the US$14 trillion US credit market will increase the market's focus on a single set of open-platform solutions despite a likely increase in competing venues. read more>
Bloomberg today qualified its earlier announcement that it would set up a futures exchange if the Commodity Futures Trading Commission failed to amend an "arbitrary and capricious" rule it says penalises OTC swaps at the expense of futures trades. read more>
Deutsche Börse-owned International Securities Exchange will launch its second US options exchange before the end of Q2, the company said yesterday. read more>
The New York Stock Exchange on Monday complied with an SEC requirement that it partly decommission volatility-dampening liquidity refreshment points after claiming their removal threatened to force markets into a single mould. read more>
US market operator BATS Global Markets will launch mini options for five of the most actively traded securities on its options market, as it standardises processes for both mini and regular options contracts. read more>
US market operators are preparing for new rules that will reform trading of credit default swaps indices, including MarketAxess, which is seeking temporary exemption from swap execution facility registration due to the associated cost burden. read more>
US exchange operator Nasdaq OMX has entered into a joint venture with SharesPost, a private shares market, to create a new platform for non-listed, high-growth companies. 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>