Middle East & Africa

Clearstream has said it is in discussions with Indian and Saudi Arabian authorities to expand its services to these new internationalising markets.

Saudi Arabia opened its doors to foreign investment yesterday, giving investors direct access to the country’s largest stocks.

Traders are bracing themselves for continued increased volatility in the bond markets, following warnings from numerous buy-siders in recent weeks.

Bloomberg terminals have been down worldwide this morning, sparking a wave of Twitter activity from frustrated traders throughout the City.

The Johannesburg Stock Exchange has signed a multi-year licensing agreement with Eris Exchange to list swap futures contracts.

As JP Morgan Asset Management seeks to minimise trader discretion in execution, Kristian West explains the thinking behind the big idea.

Turkish stock exchange Borsa Istanbul has acquired the London Metals Exchange’s stake in pan-European clearing house LCH.Clearnet, a move that could strengthen its ties with London Stock Exchange Group.

A former managing director at Goldman Sachs is to join the foreign exchange trading business founded by BarCap’s former e-FX trading boss, David Cooney.

Interdealer broker Tradition has hired three senior executives to bolster its expansion drive in 2015.

Bank of America’s Global Markets division saw sales and trading income fall by a fifth in the fourth quarter of 2014, according to results today, excluding accounting adjustments.