Despite mounting criticism of new derivatives rules, the US Commodity Futures Trading Commission will not be deterred from implementing the Dodd-Frank Act before the year is out, according to Sean Owens, director, fixed income and derivatives at US financial consultancy Woodbine Associates.
Olivetree, a London-based boutique agency brokerage, is developing a suite of tools to help buy-side dealing desks add greater value to the investment process.
Although the last few weeks will be remembered for extreme levels of market volatility, this is not the only current cause of concern for market participants.
The European Commission has conducted a second round of market feedback about the proposed merger of NYSE Euronext and Deutsche Börse, confirming that the potential creation of a listed derivatives monopoly in Europe is a major concern for regulators and market participants.
Technology vendor SunGard has completed the acquisition of Finace, a provider of securities lending and collateral management software, from SwissCom IT Services, part of the Swiss telecoms group.
The London Stock Exchange has reignited its interest in buying LCH.Clearnet, the Anglo-French clearing house, barely six weeks after abandoning its bid for TMX Group, the Canadian exchange operator.
Expansion plans by low-latency trading solutions provider Quanthouse, including two senior hires and the relocation of its London premises, will also encompass Asian ambitions in due course.
UK regulator the Financial Services Authority will fine Canada-based Swift Trade £8 million for a “particularly serious case of market abuse”, subject to the outcome of an appeal.
Barclays Capital is bringing its dark liquidity offering, LX Liquidity Cross, and smart router technology to Japan and plans to roll out its LMX next-generation trading platform in Asia starting from Q4, said Michael Kim, head of equity electronic trading, Asia Pacific.