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A US budget proposal that would change how derivatives are taxed could, if agreed, increase portfolio risk and damage both the derivatives and underlying markets, investor bodies and analysts claim. read more>
Euroclear has added Hong Kong-focused bank Standard Chartered to global initiative to streamline collateral provisions for tri-party repo transactions, ahead of regulation expected to create a strain on collateral demand. 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>
Tuesday's Twitter-inspired mini-crash confirmed the US equity market's vulnerability to misinformation in the social media age, but a rapid rebound suggested the resilience of trading systems, industry experts have stated. read more>
The UK's legal challenge to the proposed European financial transaction tax may lead to delays, but asset managers must keep up to speed to respond quickly when implementation details emerge, an expert has warned. read more>
Asia-focused bank Standard Chartered is partnering with Clearstream to allow mutual clients to place holdings into a single collateral pool, ahead of OTC derivatives rule changes. read more>
The overseas banks that dominate Asian OTC derivatives markets could be forced to rein in their activities by the cost of complying with diverse new regulatory regimes, according to a report commissioned by the International Swaps and Derivatives Association published this week. read more>
Nomura Asset Management, one of Japan's largest investment managers, is now using post-trade solutions firm Omgeo's central matching service. read more>
Global custodian bank BNP Paribas Securities Services has adjusted its operations in Australia to drive closer engagement with buy-side firms, as it seeks to expand its share of the country's custody market. read more>
GETMatched Europe, the European dark pool owned by global market maker GETCO, is to offer interoperable central counterparty clearing via pan-European clearer EuroCCP, subject to regulatory approval. read more>