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US exchange group hopes MarketAxess can help solve its fixed income puzzle but new ownership will not automatically draw liquidity
The tightest dollar SSA benchmark on record carried a second distinction: its paperwork never left one platform
Some evidence of green price advantage in secondary market, but not primary
Allowing machines to process loan information on a single standard would increase resilience, streamline workflows and support AI
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The average daily volume total for over-the-counter fx instruments in the US was down by 0.6% in April versus October 2013, however, volumes in the UK were up 7% for the same period. -
Open interest in interest rate swap futures on the Chicago-based futures bourse Eris Exchange has increased 401% year over year, with the second quarter of this year setting a new record.
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Royal Bank of Scotland caught the market off guard on Friday by releasing early preliminary first half results that showed progress in its turnaround programme, but its recently gutted investment bank saw revenues fall and chief executive Ross McEwan warned of “significant” drags on capital generation to come.
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US money market fund providers were faced with arguably the worst of all worlds this week when the Securities and Exchange Commission opted to impose not only redemption gates and liquidity fees — largely unopposed by the industry — but also floating net asset values. But for eurozone banks — many of which used to rely on US money funds to finance their US operations — the changes are likely to be inconsequential, after new evidence suggested their reliance on these investors has fallen.
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Kim Stolz, vp in equity derivatives sales at Citigroup in New York, has left the firm and will join Bank of America Merrill Lynch as a director, Americas equity derivatives flow sales.
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Barclays has roundly rejected the New York attorney general’s complaint about its dark pool, saying that it is based on “clear and substantial factual errors” and that the very documents that the suit is based on “along with the complaint’s other fatal flaws” should get it thrown out.
