ESMA recognises US-based clearing houses OCC and FICC
In contrast, UK-CCPs have only been granted time limited equivalence of three years to reduce EU institutions reliance on them.
Tag: FICC
FICC to pay $8 million for inadequate risk management policies
Securities and Exchange Commission found that FICC’s risk failings could’ve resulted in significant costs for participants and the wider US financial system.
Execution algorithms unlikely to be ‘magic bullet’ for FICC
Report from FMSB emphasises limitations and challenges in adopting algorithmic trading in less liquid markets.
Traders see scarce FICC liquidity as biggest daily challenge in 2020
The latest e-trading survey from JP Morgan reveals that liquidity availability is considered the most challenging daily issue for traders this year.
DTCC wins approval to expand fixed income clearing for new sponsors
The expansion will also change how the service is used, with sponsors now able to let their clients trade with counterparties other than themselves.
RBC poaches BNY Mellon markets chief to lead FICC in the US
Highly regarded market structure expert to join RBC from BNY Mellon.
Front office headcount at top investment banks continues to decline
Index tracking top investment banks found headcount was down in the third quarter this year, with equities suffering the biggest decline.
Buy-Side
Yann Couellan: The path of the curious
Curiosity is the key to survival in the world of FICC (Fixed Income, Currency and Commodities) trading, and Yann Couellan, head of FICC trading at BNP Paribas Asset Management, knows this better than most. Couellan speaks to David Whitehouse about his career so far and what still excites him about the future.
Mosaic Smart Data partners with ESA for new frontier of FinTech
FICC data analytics firm to adopt ESA algorithms to improve market surveillance technology.
ESMA warns on FICC MiFID II research pricing
MiFID II research pricing war has seen price of fixed income research plummet as banks compete against each other.