ICI calls on SEC to ‘raise the bar’ on liquidity risk regulation
US trade association says the FSOC has no basis for financial stability concerns over liquidity management.
Americas
Broker-dealers to carry costs of US CAT NMS rules
SIFMA has questioned the justification for broker-dealers bearing financial burden of CAT NMS plans in the US.
US equities trading volumes in June highest in 5 years
Equities trading volumes soared on day of Brexit result, as June volumes climb to highest number in 5 years.
SEC rules to make US brokers reveal where they sent client orders
The SEC has proposed new disclosure rules to provide investors with more transparency and to monitor routing decisions.
Large institutions in US shift to algo trading
Study reveals shift towards algorithmic and smart order routing trading, amongst larger institutions in the US.
First women-owned bond platform to launch in US
Following a large investment, OpenDoor Trading are set to launch the first women-owned bond trading platform.
Bats ramps up surveillance with US policing programme
Bats set to launch a policing programme for equities and options in the US to “enrich” its surveillance capabilities.
Ex-Rabobank derivatives boss pleads guilty to Libor rigging
A fourth Rabobank trader has pleaded guilty in a US court this week for his role in Libor rate manipulation – sentencing expected in November.
BBVA aiming straight for the top
With $112 billion in assets, BBVA Asset Management is aiming to become one of the top 100 asset management groups in the world. Joe McGrath speaks to the man responsible for co-ordinating trading activities globally.
US regulators issue blockchain technology warning
FSOC says market participants don't know enough about distributed ledger technology and the risks it poses.