OCC clears record volumes for US exchange listed options in 2020
The OCC cleared 7.52 billion total contracts and 7.47 billion in options contracts, beating the previous record set in 2018 by a landslide.
Americas
FINRA asks participants how to improve US Treasury securities TRACE reporting
The US watchdog has asked market participants to submit comments on how they would enhance the way the data is collected for FINRA’s TRACE for US Treasury securities.
Natixis veteran jumps ship to head up Societe Generale Americas business
Stephane About joins Societe Generale as chief executive of the Americas business after nearly ten years at Natixis.
Cboe completes acquisition of BIDS Trading
Cboe said the deal will give it a competitive advantage in off-exchange trading, which accounts for 40% of US equities trading volumes.
Citi joins American Financial Exchange as market maker for AMERIBOR interest rate swaps
The bank will offer position hedging of AMERIBOR futures and provide market making for AMERIBOR interest rate swaps.
SEC denies Cboe stock exchange speed bump proposal
The controversial speed bump was opposed by some of the markets most active participants and industry lobby groups.
Market structure changes to shake up repo trading
Recent rule changes in the US during the past two years have to a major rise in aggregate cleared repo and reverse repo volumes.
US asset managers reaching ‘tipping point’ to outsource front-office, says Northern Trust
Custodians are aiming to evolve their outsourcing business model and leverage new technology to accommodate front-office solutions.
Research unbundling crosses the Atlantic as US asset managers embrace change
TABB Group report finds large US equity asset managers are increasingly turning to research unbundling for cost savings and focus on best execution.
Citi’s co-head of Americas prime finance departs
The co-head of Citi’s Americas prime finance business has left after two years with the US bank.