Within the next few weeks, the Depository Trust and Clearing Corporation’s subsidiary Fixed Income Clearing Corporation intends to officially file a rule with the US Securities and Exchange Commission and Federal Reserve to provide central clearing for the institutional tri-party repo market.
Cinnober will upgrade the Australian Securities Exchange’s trading technology for its equity and derivatives markets in a bid to cut connection costs for clients and bring new products to the market quicker.
The Investment Association will launch its long-awaited discussion paper on transaction cost best practice in ‘the coming weeks’, the trade body’s chief executive said today.
Interdealer broker Tradition has hired three senior executives to bolster its expansion drive in 2015.
Deutsche Bank has declared a 19.5% rise in net revenue from its Corporate Banking & Securities business for the fourth quarter of 2014, up from €2.5 billion to just under €3 billion compared to 2013.
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.
Citi’s head of EMEA execution sales (electronic trading) has left the group after five and a half years, The TRADE understands.
In the final part of our series on product innovation we look at the emergence of exchange-traded funds and developments in stock indices.
Last night saw the very best in the industry honoured at The TRADE’s annual Leaders in Trading awards ceremony at the Savoy Hotel in London.
ICAP’s revenue for the first half of the financial year dropped by 14% compared to 2013, however the interdealer broker’s CEO has seen signs of a resurgence in recent weeks.