883 articles tagged with this keyword
News/Fixed income and OTC derivatives
US lawmakers have approved a bill that will place a 20% limit on collective bank ownership of derivatives clearing houses, despite fierce opposition from financial industry participants.
11 December 2009
After months of wrangling, The Chicago Mercantile Exchange has finally secured agreement with eight leading dealers to participate in its credit default swaps counterparty clearing initiative.
04 December 2009
The London Stock Exchange is to launch a new order-driven trading service for private investors in the bond markets.
18 November 2009
Spanish bourse Bolsas y Mercados Españoles (BME) has announced plans to create a trade repository for over-the-counter (OTC) financial instruments, in a move that will pit the European exchange operator against the US-based Depository Trust and Clearing Corporation (DTCC).
03 November 2009
Cantor Fitzgerlad has completed the UK implementation of SunGard's Phase 3 securities processing system, providing the interdealer broker with a consolidated TransAtlantic back office for equity and fixed income trading.
02 November 2009
In the midst of the global financial crisis, Canada's largest and most active institutional fixed-income traders led a long-awaited move into electronic trading, according to research from Greenwich Associates.
29 October 2009
New York-based fixed income broker dealer RW Pressprich & Co has taken an equity stake in software house CodeStreet.
13 October 2009
The Depository Trust and Clearing Corporation has called for legislative changes mandating the use of a trade repository for over-the-counter (OTC) credit derivatives contracts in testimony submitted to the House Financial Services Committee.
09 October 2009
Former Merrill Lynch chief John Thain says that the structured products created by his firm were so complex that it could take up to three hours to model one traunch of a single CDO correctly when using "one of the fastest computers in the United States".
08 October 2009
CME Group and Citadel have abandoned plans to launch a credit default swaps (CDS) trading platform and will instead focus on offering clearing services for the $27 trillion market.
21 September 2009
Barclays Capital has taken a minority equity stake in TradeWeb, a provider of online markets owned by Thomson Reuters and a group of dealer-brokers. The size of the stake, nor the amount paid, was disclosed.
11 September 2009
Under pressure from regulators, 15 of Wall Street's biggest banks have committed to significantly increase the use of central counterparties to clear over-the-counter (OTC) derivatives.
09 September 2009
Banks and brokers active in the derivatives markets have warned the European Commission to tread carefully in regulating the over-the-counter markets for fear of stifling innovation and increasing instability.
02 September 2009
Nyse Euronext subsidiary Liffe has suspended its European credit default swaps (CDS) clearing service after failing to attract a single trade since launching in December.
13 August 2009
The US Depository Trust & Clearing Corporation (DTCC) and UK-based Markit will launch their OTC derivatives processing services joint venture in September after getting the green light from regulators.
11 August 2009
The International Securities Association for Institutional Trade Communication (ISITC) has released a new market practice for over-the-counter derivatives based around the Financial products Mark-up Language (FpML).
29 July 2009
Chicago-based derivatives exchange operator CME Group has hired former LCH.Clearnet boss Andrew Lamb to head up its planned European clearing venture.
28 July 2009
Swiss-German derivatives exchange Eurex says it will launch a European counterparty clearing system for credit default swaps at the end of the month.
24 July 2009
IntercontinentalExchange (ICE) says it will introduce a solution that will enable buy-side participation in credit default swap clearing by October.
23 July 2009
The London Stock Exchange says revenue from its Information & Technology Services division delivered a "good" first quarter performance, despite a reduction in real-time data revenue.
17 July 2009
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