USA news Archive

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>

Goldman Sachs has confirmed it will combine two separate broking entities in a bid to offer more streamlined equity trading services to clients. read more>

Nasdaq OMX will join the other main US exchanges in offering a new segment on its market designed specifically for retail flow after receiving regulatory approval for its Retail Price Improvement plan. read more>

Large banks that act as futures commission merchants in the US could struggle to maintain profitability as a swathe of new regulations threaten to reduce the profitability of derivatives trading. read more>

US interdealer broker representative body the Wholesale Markets Brokers' Association, Americas has elected a number of key executives as part of its bi-annual reshuffle and has targeted the development of swap execution facilities as one of its key priorities. read more>

Agency broker ITG has released a new algo that targets the point at which US exchanges release imbalance information to better tap into closing auction liquidity. read more>

Nasdaq OMX has partnered with custodian bank BNY Mellon to introduce new derivatives based on US treasury securities, which it claims will help investors hedge interest rates more efficiently. read more>

Interactive Data will offer hosted services to trueEX, a US designated contract market for interest rate swaps, through its 7ticks platform, as preparations for the impending OTC derivatives legislation accelerates. read more>

Bank of America Merrill Lynch has launched new functionality within its US alternative trading system, Instinct X, that aims to offer the buy-side greater block trading opportunities. read more>

Market participants have raised concerns with the Commodity Trading Futures Commission that the potential growth of swap futures could create an uneven playing field between swap execution facilities and futures exchanges. read more>