The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that the U.S. Securities and Exchange Commission (SEC) has approved the DTCC Data Repository (U.S.) LLC (DDR) application to operate as a registered security-based swap data repository (SBSDR).
Average daily volume (ADV) for the month was $896.8 billion (bn)1, an increase of 17.5 percent (%) year over year (YoY). Average daily trades for the month totaled 57,837.
Glue42 nd Cloud9 Technologies ("Cloud9") have partnered to deliver a full suite of voice trading capabilities to the institutional marketplace, providing users remote access to all trading floor connectivity and services.
Barclays and LCH’s ForexClear process the first FX client clearing trade under the international clearing broker model
Tradeweb Markets Inc. (Nasdaq: TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, has reported record total trading volume for March 2021 of $24.7 trillion (tn).
EBS, the leading global provider of electronic trading platforms and technology services in foreign exchange markets, has announced a collaboration with TORA
A research report from SDL, part of RWS Holdings plc, highlights the immense pressure that major financial services organizations are under to ensure they are ready to transition away from the London Inter-bank Offered Rate (LIBOR)
The transitional period ended on 31 December with no relief for European Union (EU) firms on the derivatives trading obligation (DTO) from the European Commission (EC) and only limited adjustments from the United Kingdom (UK).
Choices for FX traders have been between the simplicity of exchange traded options and the flexibility of OTC options with a gap between the two. CME have provided listed options for some time, but have moved to decrease or eliminate the differences to bring the best of both worlds.
Euronext has entered into a binding agreement with London Stock Exchange Group to acquire 100% of Borsa Italiana Group for €4.3 billion.
This purchase significantly enhances the scale of Euronext, diversifies its business mix into new asset classes and strengthens its post-trade activities.
The transaction is conditional upon the divestment of the Borsa Italiana Group (or a material part), which is a condition of the European Commission's clearance decision for LSEG's proposed acquisition of Refinitiv.
UBS Group is experimenting with virtual reality headsets to simulate the trading floor, according to the Financial Times. Microsoft HoloLens headsets are being tested by the bank.
At a time when COVID cases are increasing, banks are struggling to bring their employees back into a trading environment, and are looking at alternative technology solutions.
"If people really can't come to the office, can we create a virtual presence?...We are thinking about experimenting with the tools that are out there," Beatriz Martin, head of UBS in the UK head, is cited as saying.