Nordic Growth Market NGM AB and Privanet Group Oyj announced that have signed a letter of intent which would make NGM a significant owner of Privanet Group. Provided the extraordinary general meeting accepts the proposal, and subject to the approval of the Swedish and Finnish FSA, the directed share issue will be conducted in two…
Read more
MTS, one of Europe’s premier fixed income trading venues, has unveiled new functionality that enables the trading of bilateral and centrally cleared Repo contracts between sell-side and buy-side participants for the first time, in collaboration with the launch of LCH’s Sponsored Clearing model from RepoClear. Sell-side dealers have long benefited from the efficiencies of electronic…
Read more
A Thomson Reuters (NYSE:TRI) special report, Projected 2018 Inflation-Adjusted Tax Brackets and Other Key Figures, demonstrates that tax brackets will be adjusted upward in 2018, easing the tax burden slightly for many taxpayers. The adjustments prevent the loss of tax benefits due solely to inflation. The report provides a detailed projection of inflation-adjusted income tax…
Read more
Derivatives marketplace operator CME Group Inc (NASDAQ:CME) has announced that it will exit the company's credit default swap (CDS) clearing business by mid-2018, freeing up $650 million in clearing member capital. Going forward, in order to meet customer needs in light of uncleared margin rules, CME will focus its over-the-counter (OTC) clearing services on interest rate…
Read more
The Hong Kong Securities and Futures Commission (SFC) today entered into an agreement with the Securities Commission Malaysia to establish a framework for cooperation on financial technology (Fintech). The SFC and Securities Commission Malaysia agreed to cooperate on information sharing and referrals of innovative firms seeking to enter one another’s markets. Cooperation between regulatory counterparts…
Read more
CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of August 2017. The average daily traded volume submitted to CLS was USD1.581 trillion down 1 percent from USD1.596 trillion in July 2017. August 2016 July 2017 August 2017 Average daily traded…
Read more
LCH, the global clearing house, announced today that its RepoClear service has introduced a new model to bring the benefits of clearing repos to the buy side. Insight Investment is the first asset manager to clear a trade, acting for a UK pension fund it manages, as a sponsored member, with NatWest Markets supporting Insight’s…
Read more
Smartkarma, Asia’s provider of independent research, and ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, have announced the immediate availability of the Smartkarma research platform via the NYFIX Portal. Targeting the growing need for transparent pricing and unconflicted research for the buy-side, driven by regulatory focus on unbundling research…
Read more
Deloitte to become an implementer for Thomson Reuters ONESOURCE Statutory Reporting software to help clients streamline statutory financial reporting process and increase automation Thomson Reuters (NYSE:TRI) unveiled a new collaboration which will see Deloitte become an implementer for Thomson Reuters' ONESOURCE Statutory Reporting software to assist finance departments streamline financial reporting processes, helping them to…
Read more
Otkritie Capital International Limited (OCIL) just announced that has joined the Derivatives Market as a Non-Resident Trading Member and plans to trade in SPIMEX Ural Crude Oil Futures (FOB Primorsk). The company’s membership allows OCIL to trade on its own account as well as on behalf of its clients, including foreign buyers of Russian crude…
Read more