Derivatives trading activity has risen across a number of global exchanges during August, marking a rare uptick in volumes during this year and providing Eurex with its first year-on-year volumes increase of 2014.
US-based broker ConvergEx has upgrades its algorithms to be able to deploy strategies during opening and closing auctions.
Agency broker ITG plans to use its own version of the national best bid and offer (NBBO) system and apply it a part of its new fixed income dark pool.
FIA Europe, a derivatives industry trade body, is urging agreement by European Union and United States regulators on mutual recognition of central counterparties next month to avoid a major disruption to trading.
After three months of hard work by US exchange operators and the Financial Industry Regulatory Authority, the US Securities and Exchange Commission has released the details of the 12-month pilot project that will broaden the trading increments for certain small-cap stocks.
The New York Stock Exchange is taking no chances with next month’s IPO of Alibaba Group Holding and is offering exchange members a second weekend where they can test their internal trading systems with NYSE’s IPO trading logic.
The US Commodity Futures Trading Commission has settled charges against Bank of America Merrill Lynch related to the processing of futures exchange and clearing fees, resulting in a US$1.2 million fine.
The US Commodity Futures Trading Commission has appointed Christopher Kirkpatrick as the secretary of the CFTC, where he will head the Office of the Secretariat.
The International Swaps and Derivatives Association has called on global regulators to push back the date for the implementation of margin rules relating to uncleared OTC derivatives.