As dark pools move into the regulatory light, the real money is in aggregation, not in equity fragmentation.
Conversations over clearing costs are migrating to the forefront of the ongoing debate over OTC derivative clearing, even changing how the buyside looks at these instruments.
Clearinghouses meant to reduce swaps market risk must face greater oversight to ensure they dont threaten the financial system, according to a member of the U.S. Commodity Futures Trading Commission.
State Street Corp. is closing down its swaps business after clients said new regulations steered them away for using the products.
A guide to correspondent clearing firms as presented by Clearing Quarterly & Directory.
Commissioner Scott O'Malia of the Commodity Futures Trading Commission (CFTC) is on a mission. He says the process of writing new over-the-counter derivative contract rules needs more transparency. Over the past year he has repeatedly called for more roundtables and public comment on how rules are written. Why is this important? Because these rules, among other things, will determine which OTC derivative contracts must go through a clearing process and which ones can continue to use the old bilateral, dealer-to-dealer model.
The Chicago-based Options Clearing Corp., the largest equities derivative clearing firm, saw record clearing volumes in the first month of 2014.
Longtime Omgeo CEO and president Marianne Brown has stepped down from the Depository Trust & Clearing Corp. subsidiary and will be replaced by Paula Sausville Arthus.
Hedge fund managers, private equity firms and fund administrators looking to manage incoming and outgoing alternative investment data now have a cloud-based choice from SunGard.
IntercontinentalExchange Group's Trade Vault Europe, its European trade repository, processed roughly 4.5 million trades across energy, agricultural commodities, metals, credit, interest rates and equity derivatives its first day.