SEC adopts landmark new clearing rules for US Treasury market
Overhaul of the $26 trillion market is designed to reduce the risks faced by a clearing agency and incentivise additional central clearing.
Overhaul of the $26 trillion market is designed to reduce the risks faced by a clearing agency and incentivise additional central clearing.
New rule will increase the public availability of short sale related data, supplementing short sale data that is currently offered.
Arrangement will allow eligible clearing members to gain increased margin efficiencies between US treasury securities and CME Group interest rate futures, with an expected launch in January 2024.
As the Securities and Exchange Commission undergoes its biggest equities shake up in 18 years to bolster best execution, Wesley Bray explores what the changes could mean for institutional investors.
Neither Bittrex nor its former chief executive have admitted any wrongdoing in response to the SEC’s allegations.
New rules are focused on tackling the way predictive data and similar technologies can allow firms to place their interests ahead of those of investors.
Europe and Asia Pacific firms are honing their focus in recent months amid mounting pressure surrounding the shift to T+1 in North America.
With the expiry of the SEC ‘no-action’ letter based on enforcement surrounding research services, industry experts provide insights on the impacts and possible solutions.
The SEC claims the records were requested as part of at least 12 regulatory investigations; findings follow two previous orders settled by JP Morgan for failure to preserve records.
Without admitting or denying the regulator’s findings, PIMCO has agreed to a cease-and-desist order and a censure; will pay a combined penalty of $9 million.