Korean regulator the Financial Services Commission has banned Deutsche Bank's Korean broker-dealer business from operating for six months, following allegations of market manipulation in KOPSI 200 options.
Turquoise, the multilateral trading facility owned by the London Stock Exchange, has confirmed the details of its derivatives trading strategy, which will be based on the exchange group's existing EDX London derivatives market.
HSBC Futures Singapore has signed a software licensing agreement with CQG, a supplier of trade execution and analytics, to allow the broker to supply CQG trading front-ends to clients and internal trading desks.
Central counterparty LCH.Clearnet has been granted regulatory approval to launch its SwapClear service in the US on 8 March, giving buy-side clients another avenue for clearing interest rate swaps.
The technical committee of the International Organisation of Securities Commissions has outlined seven principles for the platforms that will be established following regulations to migrate OTC derivatives to exchange-based trading.
The Singapore Exchange has broadened the range of American depository receipts offered on its GlobalQuote platform, with Citigroup joining the service as a depository bank.
The planned merger between exchange operators NYSE Euronext and Deutsche Börse will create a derivatives powerhouse, as the cash equities market declines in importance as a revenue stream.
The extent to which capital requirements will be used to encourage central clearing of European derivatives contracts remains unclear following European Commission proposals issued last week, according to brokerage industry body.