UPDATED: BlackRock reduces trade cost as it looks for tech scale
BlackRock's Larry Fink said the asset manager has reduced the cost of trading by 80%, and plans to spend $1 billion on technology.
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Vela continues expansion with Object Trading takeover
Vela plans to use the acquisition to boost its market data products and enhance its electronic trading solutions.
Exchange data revenues increased nearly a third in 2016
Exchange data and index fees brought in $5.4 billion globally last year, as exchanges look to move away from depending on transactional businesses.
US and Europe review derivatives reporting frameworks
Regulators hope to streamline and improve the quality of derivatives data being reported.
NEX goes live with US electronic swaps platform
NEX SEF will facilitate electronic trading of non-deliverable forwards, and plans to expand into more FX products.
CME gets go-ahead for OTC FX options clearing
The Commodity Futures Trading Commission approves CME’s application to clear OTC FX options.
Buy-side forced to find new methods of financing
Asset managers will have to find new sources of funding and liquidity as balance sheet pressures continue to hit banks.
Follow the leader
After Amundi became the first buy-side member of LCH’s credit default swap (CDS) clearing house in March, will this encourage other asset managers to follow suit? Writes Sarfraz Thind.
No phase-in for MiFID II derivatives trading obligation
From 3 January 2018 banks and asset managers will be required to trade certain OTC derivatives on electronic platforms.
Costs of moving euro-clearing 'are not theoretical' – Carney
The Governor for the Bank of England warned of higher costs but welcomed the European Commission’s proposal on tighter CCP supervision across the EU.