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Central clearing for OTC derivatives does not make for a safer market and may increase costs for end-investors, Barry Hadingham, head of derivatives and counterparty risk, Aviva Investors, has warned. read more>
Interdealer broker Tradition has launched traFXpure, a new electronic trading platform for spot FX that aims to level the playing field among market participants by eliminating the advantages of technology. read more>
Hong Kong Exchanges and Clearing has received regulatory approval to launch the first exchange-traded currency futures settled in renminbi. read more>
US institutional broker and market maker Knight Capital has acquired the assets and liabilities of the futures brokerage arm of Penson Financial Services for US$5 million in cash from parent Penson Worldwide. read more>
Uncertainty over how clearers will handle issues related to segregation and insolvency are hampering preparation for new OTC derivatives rules, UK-based buy-side trade body the Investment Management Association has warned. read more>
Financial technology provider SunGard has updated its Protegent market surveillance solution to help regulators, trading venues and brokers meet European Securities and Markets Authority guidelines on market abuse. read more>
FIX Protocol Limited, the organisation responsible for the FIX messaging standard, has published recommended trade reporting practices to give buy-side firms more clarity on how brokers execute their orders. read more>
BATS Chi-X Europe intends to set a new benchmark for market data pricing in Europe, after unveiling plans to become the first multilateral trading facility to charge for its data. read more>
Readers of theTRADEnews.com have overwhelmingly identified the cost of clearing and collateral as the primary concern for institutional investors in light of the impending shake-up of the OTC derivatives market. read more>
The Singapore Exchange will begin trading the first offshore Indonesian equity futures contract from 11 June. read more>
