Multi-dealer trading platform from Citi and Bank of America will initially support CLOs and syndicated loans as both banks look to address challenges in fixed income markets.
The FIX API will provide Bank of America with an electronic workflow between its OMS and ETF issuers’ platforms via the ICE ETF Hub.
LCH continues to expand membership of CDSClear and its client clearing franchise with Bank of America the latest institution to go live as a clearing broker.
Jefferies, Morgan Stanley, Goldman Sachs, JP Morgan, Citi and Bank of America were considered ‘standout dealers’ by US buy-side traders.
Four major institutions are the first authorised participants to use the ICE ETF ecosystem, according to chief executive Jeff Sprecher.
CME Group’s EBS platform has expanded available NDFs with launch of African currency pairs following increased client demand.
Industry veteran Sabet Elias has been chief technology officer for sales and trading at Bank of America for the past seven years.
The charges against Bank of America marks the ninth CFTC enforcement action against major investment banks related to ISDAFIX rigging.
Bank of America Merrill Lynch admits masking millions of orders and will pay $42 million for the second time this year.