BNY Mellon Clearing, a division of US custodian and asset servicing bank BNY Mellon, has joined derivatives exchange CME Group to clear OTC interest rate swaps on behalf of its institutional clients.
Eurex Clearing, the central counterparty operated by German exchange Deutsche Börse, has announced further details of a new service that protects buy-side firms in the event of clearing member default.
Korean brokerage Samsung Securities has joined technology firm Orc Group's ExNet broker connectivity network, to meet demand from US and European high-frequency traders for access to the Korea Exchange.
Plans announced by French prime minister Nicolas Sarkozy and German chancellor Angela Merkel to form a proposal for a financial transaction tax (FTT) are scant on detail but could theoretically be applied successfully to equity trades, according to City sources.
Market operator Hong Kong Exchanges and Clearing has entered into talks with China's Shanghai and Shenzhen stock exchanges about a potential joint venture to develop index and equity derivative products.
Bonds.com has entered an exclusive agreement under which Red Kite Americas will market the firm's trading system to qualified Latin American institutional investors.
Reforms to the US and European OTC derivatives markets will cause data levels to surge as much as 400% above current levels, forcing market participants to spend US$3.4 billion in 2011 on clearing and back office technology, according to a report by TABB Group.
BondDesk, a provider of US fixed income trading technology and execution services, has appointed former Bloomberg Tradebook president and CEO Kim Bang as CEO.
Thomson Reuters is to debut an integrated suite of information and trading services for FX trading which leverages the London-based hosting capabilities of the firm's Elektron cross-asset trading platform.