House passes roll-back of Dodd-Frank
Legislation passes lower house but Senate is unlikely to approve.
Americas
ITG pays $24 million to settle despository receipt case
Broker failed to ensure receipts were backed by foreign shares.
Cowen makes senior hires for electronic trading
Hires of former Goldmans and Deutsche traders to boost Cowen’s electronic trading.
Trump appoints HFT trader to head up US Army
Founder of Virtu, who formerly served in the US Army, will join US government in January.
Deutsche Bank hit with $37 million fine for dark pool routing
Bank settles after failing to act to resolve faulty order router.
ETF surge in Canada sees asset managers step up
Asset managers launch swathe of new products to capitalise on ETF boom.
SEC fines former trading boss at Goldman Sachs for ‘abusing his duty’
Head trader in RMBS at Goldman Sachs found to have misled clients over pricing and is fined $400,000.
KBW appoints Grant to head equity trading
Grant will replace John Ragan, who retires after 23 years with the broker-dealer.
SEC looks to Equity Committee to refine circuit-breaker rules
Mary Jo White asked equity committee to consider refinements to circuit breakers, which could exacerbate volatility if triggered.
Brexit boosts US listed options volumes
US listed options volumes saw a 5% surge in June, as Brexit rocks the market.