Fixed income and OTC derivatives

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/Fixed income and OTC derivatives

ICE to acquire Nyse Euronext for $8.2bn; LSE/LCH.Clearnet talks rumble on

IntercontinentalExchange (ICE) has agreed an $8.2 billion deal to acquire Nyse Euronext in a stock-and-cash transaction.

/Fixed income and OTC derivatives

MarketAxess to acquire Xtrakter

Fixed income exchange MarketAxess has agreed to acquire European post-trade services group Xtrakter from Euroclear for £26 million in cash.

/Fixed income and OTC derivatives

Finance firms exiting businesses over capital requirements - survey

A quarter of financial institutions around the world are exiting businesses because of the impact of increased capital requirements, according to a survey by the Professional Risk Managers' International Association (Prmia).

/Fixed income and OTC derivatives

CBOE to set up London derivatives hub

The CBOE Futures Exchange (CFE) is to establish a London hub and expand trading of its popular VIX contract to 24-hours in 2013.

/Fixed income and OTC derivatives

DTCC and Swift launch CFTC LEI portal

A Web portal for assigning Commodity Futures Trading Commission (CFTC) identifiers to firms involved in OTC derivatives trading has gone live.

/Fixed income and OTC derivatives

EU pushes through OTC regulation

The Council of the European Union has adopted a regulation requiring financial firms to clear over-the-counter derivatives contracts through a central clearing counterparty and report them to trade repositories.

/Fixed income and OTC derivatives

Isda enlists Markit for OTC documentation Dodd-Frank compliance

The International Swaps and Derivatives Association (Isda) has called in Markit to help it develop a system enabling counterparties to amend their over-the-counter derivatives documentation for Dodd-Frank compliance.

/Fixed income and OTC derivatives

Goldman bond platform launch delayed by glitches - FT

Goldman Sachs has pushed back the launch of an electronic corporate bond trading platform because of technical problems, according to the Financial Times.

/Fixed income and OTC derivatives

Regulators release new market infrastructure standards

International banking and securities regulators have set out new and more demanding standards for operators of payments, clearing and settlement systems as part of an international effort to boost the resiliency of the financial markets.

/Fixed income and OTC derivatives

London Stock Exchange agrees deal to take control of LCH.Clearnet

The London Stock Exchange is to acquire a majority 60% stake in LCH.Clearnet in a deal valuing the clearing house at EUR813 million.

/Fixed income and OTC derivatives

Regulators demand action on Legal Entity Identifiers

International regulatory authorities have called for the urgent creation of a universal Legal Entity Identifier (LEI) in their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs).

/Fixed income and OTC derivatives

Ffastfill posts H1 pre-tax loss; agrees WTD Consulting acquisition

Ffastfill has posted a pre-tax loss of £107,000 for the first half on flat revenues of £7.3 million. The UK derivatives trading vendor has also agreed to buy the business and assets of Chicago-based WTD Consulting for up to £7.6 million.

/Fixed income and OTC derivatives

Deutsche Börse and Nyse Euronext to shed businesses to win EU approval for merger

Deutsche Börse and Nyse Euronext are proposing to divest their overlapping equity options business across Europe and open up third party access to Eurex Clearing in an effort to win EU approval for their $9 billion merger deal.

/Fixed income and OTC derivatives

Sapient wins European DataWarehouse contract

Sapient Global Markets has won a contract to design and build a European central data repository for asset-backed securities (ABSs).

/Fixed income and OTC derivatives

BofE's Tucker calls for CCP reform

Paul Tucker, deputy governor of the Bank of England, says effective resolution regimes need to be put in place to help deal with the "mayhem" that would result if a central counterparty went bust.

/Fixed income and OTC derivatives

European exchanges voice concern over HFT consultation's scope

Europe's exchanges have voiced their concerns that broker crossing networks are not being subjected to the same level of scrutiny as traditional bourses in the current debate on regulating automated trading.

/Fixed income and OTC derivatives

SEC proposes swaps registration rules

The Securities and Exchange Commission (SEC) has voted to push for a rule making security-based swap entities electronically file their registration with regulators.

/Fixed income and OTC derivatives

The shadow of OTC derivatives reform

Chris Ekonomidis, director at Sapient, talks about how reform will affect trade finance and workflows at Sibos 2011.

/Fixed income and OTC derivatives

OTC clearing rules to spur big tech spending - Tabb

The global regulatory push to centrally clear over-the-counter derivatives has started a "technological revolution" that provides a big opportunity for vendors, according to a report from Tabb Group.

/Fixed income and OTC derivatives

MarkitServ to buy Logicscope

OTC derivatives processing services firm MarkitServ has agreed to buy UK post-trade software vendor Logicscope. Financial terms of the deal were not disclosed.