Market participants have expressed their dismay at the direction in which the MiFID review is heading, arguing many of the directive's current proposals ignore the workings of the financial markets and their role in the wider economy.
The Osaka Securities Exchange has widened the investor base of its Nikkei volatility index futures after gaining permission from US watchdog, the Commodity Futures Trading Commission, to market the instruments to US citizens.
China’s Shanghai Stock Exchange has revealed it will impose new measures to counter speculation on its exchange, including imposing trading limits on high-frequency trading firms that cancel a high proportion of their orders.
US watchdog the Commodity Futures Trading Commission has slapped a major American buy-sider with fines for setting up a prearranged trade on the Chicago Board of Trade and executing fictitious sales.
A new service from the French arm of central securities depository Euroclear will help the buy-side post collateral to support OTC derivatives trading, but a leading bank has stressed that sell-side expertise should not be ignored.
In a world where thinking big is no longer the solution, brokers are beginning to understand that the buy-side is seeking alpha in the small stuff.
The Alpha Trader Forum, a buy-side-focused event claiming to provide an opportunity for institutional investors to lead industry discussions, is holding its first Nordic event in Stockholm, Sweden, on 15 March.
Canadian dark trading reached US$11 billion in February, the highest total ever recorded and over double the amount recorded in the same period last year, according to figures provided by Thomson Reuters.
The purchase of a majority stake in Anglo-French multi-asset clearing house LCH.Clearnet by the London Stock Exchange could eventually lead to lower clearing costs for members through synergies with the exchange’s existing clearing facilities
A leading financial services lawyer has warned MF Global clients not to pin too many hopes on a UK Supreme Court decision which extends the definition of segregated client money beyond segregated accounts.