European central counterparty clearers LCH.Clearnet Limited and SIX x-clear have published a summary of their linking agreement, which came into force in December 2008, as a template for interoperability between other clearing houses in the continent.
Pan-European central counterparty EuroCCP will start offering clearing services for exchange-traded currencies (ETCs) from 5 February, with multilateral trading facility Turquoise the first to take advantage.
US bourse BATS Exchange has received regulatory approval from the US Securities and Exchange Commission (SEC) to launch its proposed options platform and plans to go live before the end of February.
US agency broker and block crossing system operator Pipeline has added a block equity options crossing capability to its order control system for the buy-side.
The Singaporean subsidiary of Japanese broker Mizuho Securities has connected to European derivatives exchange Eurex via the bourse’s Singapore access point. The exchange said Mizuho is the first Japanese broker to connect to the exchange via Singapore.
Broking house Crédit Agricole Cheuvreux has started offering clients the ability to gain exposure to the Saudi Arabian equities market using proprietary notes (p-notes).
The Advanced Execution Services (AES) division of investment bank Credit Suisse has added its options algorithms to data vendor and technology supplier Bloomberg’s execution management system, EMSX.
OTC derivatives will be easier to price and trade by the buy-side following sweeping legislative reforms, but the sell-side’s appetite to supply them may decrease, according to industry observers.
The Securities and Exchange Board of India (SEBI), India’s securities regulator, has ordered Société Générale to stop issuing participatory notes for Indian securities and threatened to withdraw the French bank’s Foreign Institutional Investor (FII) licence after it violated the ‘know your client’ requirements of India’s FII regulations.