Derivs - People and Markets

The US Commodity Futures Trading Commission (CFTC) has ordered Tullett Prebon Americas to pay a total of $13m in relation to alleged supervisory failures and making false or misleading statements.

Hong Kong Exchanges and Clearing has made an unsolicited £32bn bid for the London Stock Exchange Group, a move that could torpedo the LSE’s acquisition of Refinitiv.

Citadel has cut its operation investing in European high yield, with the departure of one senior portfolio manager who first worked at the firm in 2003.

Arié Boleslawski has joined Natixis to run its equities business.

The Options Clearing Corporation (OCC) is to pay $20m in penalties and undertake remedial efforts as part of a settlement with the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC).

TP ICAP has named Amir Zaidi, a respected former senior figure at the US Commodity Futures Trading Commission (CFTC), as its global head of compliance.

The Financial Stability Board has appointed Ryozo Himino as chair of its standing committee on supervisory and regulatory cooperation.

Buy and sell-side firms have rejected suggestions that they should have to post additional margin or participate in default funds in the aftermath of last year’s default at Nasdaq clearing.

The World Federation of Exchanges has warned that the European regulator’s proposals for EMIR 2.2 risk fragmenting global markets, raising costs for end users and damaging international relations.

Drew Shields, the chief technology officer at derivatives technology company Trading Technologies, has stood down.

LiquidityEdge, which operates an electronic marketplace for US Treasuries, could now look at offering a similar service in the European government bond market after its purchase by MarketAxess. The latter’s president, Chris Concannon, sees the pressure European banks face to cut costs as a boon for trading automation in the region.

TP ICAP has appointed Michel Planquart as regional CEO for EMEA, giving him oversight of risk and governance for the region.