Americas

CFTC gets results from Asia tripJanuary 23, 2015 4:08 PM GMT

CFTC gets results from Asia trip

US derivatives regulators have been active in approving Asian exchanges for US-based traders to access this week, striking deals in Tokyo, Singapore and Malaysia.

January 23, 2015 2:45 PM GMT

State Street's FX income rockets 34% in Q4

State Street witnessed income from its foreign exchange trading unit rocket by more than a third in the last quarter of 2014, compared to the previous year, it announced today.

Interest rate futures prop up volumes in 2014January 23, 2015 10:51 AM GMT

Interest rate futures prop up volumes in 2014

Trading activity in US futures contracts increased 3.7% in 2014 due to a surge in interest rate trading, which was in stark contrast to other asset classes, according to research from TABB Group.

January 16, 2015 3:07 PM GMT

Currency volatility hits brokers and banks

FXCM – one of the world’s largest currency brokers - had its shares suspended today following significant losses resulting from an announcement from the Swiss National Bank.

January 15, 2015 5:14 PM GMT

UBS fined $14.4m by SEC

UBS is to pay a fine of more than $14.4 million after the US Securities and Exchange Commission found “disclosure failures” and legal violations from the operation and marketing of its dark pool.

Swap futures battle to hinge on capital efficienciesJanuary 15, 2015 4:35 PM GMT

Swap futures battle to hinge on capital efficiencies

The success of new swap futures products could be decided by their ability to provide capital efficiencies, according to industry experts, after a recent spate of growth in the market’s offerings.

January 15, 2015 2:00 PM GMT

Bank of America's trading income down 20% in Q4

Bank of America’s Global Markets division saw sales and trading income fall by a fifth in the fourth quarter of 2014, according to results today, excluding accounting adjustments.

JP Morgan sees Fixed Income revenue drop 23%January 14, 2015 3:02 PM GMT

JP Morgan sees Fixed Income revenue drop 23%

JP Morgan saw revenue from its fixed income markets operation plummet by 23% in the fourth quarter of 2014, compared to Q4 2013 because of lower income from credit and securitised products and the sale of two business units.

Buy-siders up in arms over new ISDA derivatives protocolJanuary 08, 2015 5:14 PM GMT

Buy-siders up in arms over new ISDA derivatives protocol

A derivatives protocol published by the International Swaps and Derivatives Association is causing consternation among buy-side participants who fear that it could disrupt their ability to unwind positions with banks that are on the cusp of failure.

Non-cleared derivatives margin rules worry marketJanuary 06, 2015 2:01 PM GMT

Non-cleared derivatives margin rules worry market

Banks and broker-dealers are uncertain whether they will be able to meet new collateral requirements for non-cleared derivatives, according to a survey from the International Swaps and Derivatives Association.