Asset Classes Archive

August 28, 2014

SEC slips trade-at into tick pilot

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. read more>

August 28, 2014

NYSE extends system testing for Alibaba IPO

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. read more>

August 25, 2014

Goldman Sachs to repurchase US$3.15 billion of RMBS

Global investment banker Goldman Sachs will repurchase US$3.15 billion of private-label residential mortgage-backed securities (RMBS) as part of a settlement with the US Federal Housing Finance Agency, which is the conservator for Fannie Mae and Freddie Mac. read more>

August 19, 2014

SEFs receive a 12-month documentation reprieve

Swap execution facility operators are breathing a little easier as the Commodity Futures Trading Commission has given the venues conditional relief from certain recordkeeping requirements relating to confirmations of uncleared swaps. read more>

August 12, 2014

US Justice Department charges former brokerage head

A former senior executive and an ex-trader at brokerage firm ConvergEx have been charged with securities fraud by the US Justice Department for their part in a scheme that illegally increased execution fees paid by institutional clients. read more>

August 07, 2014

“Flow monsters” eat greater share of fixed income market

As financial regulators try to reduce systemic risk in the financial markets further, industry analyst firm Greenwich Associates finds that the top five fixed income dealers have increased their share of the interest rate and US Treasuries market. read more>

August 04, 2014

ICE pledges to implement market-based swaps benchmark

Intercontinental Exchange has taken over the administration of the ISDAFIX benchmark, a key rate for the pricing and settlement of swaps. read more>

July 29, 2014

DTCC-SWIFT LEI licence extended

A temporary legal entity identifier service provided by the Depository Trust & Clearing Corporation and interbank payments provider SWIFT has had its approval extended by regulators to ensure a smooth transition to a permanent system. read more>

July 24, 2014

Hard times for commodity and currency ETFs

The year-over-year growth numbers for US exchange-traded funds are up approximately 19%, but their average daily volumes has fallen 15% over the same period, according to recent finding published by Société Générale. read more>

July 17, 2014

Franklin Templeton appoints Stephenson to head trading ops

Franklin Templeton appoints Stephenson to head trading ops

Franklin Templeton Investments has promoted Bill Stephenson to head of global trading following an internal reshuffle. read more>