FCA fines three broker firms £4.7 million market abuse failures
The Financial Conduct Authority (FCA) has fined interdealer brokers BGC Brokers, GFI Brokers and GFI Securities £4,775,200 for failing to ensure they had appropriate...
Declaration of dependence
US president to oversee financial institution regulation amid deregulation drive.
Executive orders signed by US president, Donald Trump, have given him oversight of all US...
Strazzella joins Clear Street
Rocco Strazzella has joined Clear Street as managing director of trading. He is based in New York.
Last month, clearing and custody provider Clear Street...
Fenwick joins HSBC
David Fenwick has joined HSBC as an investment grade credit sales trader, swapping the buy side for the sell side.
HSBC reported US$6.7 billion in...
Rules & Ratings: Italy in “strong position” to weather tariffs, S&P says
S&P Global Ratings has raised its unsolicited long-term foreign and local currency sovereign credit ratings for Italy to BBB+, with a stable outlook. Short-term...
Industry viewpoint : Mike du Plessis : UBS
COMING TO TERMS WITH THE NEXT PHASE OF MARKET TRANSFORMATION.
By Mike du Plessis, Managing Director, UBS Global Head of FX, Rates & Credit Execution...
Risk of fiscal crisis in US from growing federal debt
A new report from the Congressional Budget Office (CBO) has found that if current laws governing taxes and spending generally remained unchanged, the federal...
Derivatives Forum Frankfurt: Efficiency drives towards multi-asset trading
One of the primary reasons for the adoption of multi-asset trading is to improve efficiency, agreed ‘Trends in Multi-asset Trading’ panellists at this year’s...
Research shows increasing demand for voice and e-trading data integration across TCA and surveillance
Demand for integrated trade and communications surveillance among financial institutions has surged by 100% this year following heightened regulatory scrutiny across the financial markets,...
Lothian joins SMBC Nikko Securities America; BNP Paribas poaches Guglieri
Andrew Lothian, a veteran of the credit trading markets, has joined SMBC Nikko Securities America’s credit trading desk. Lothian, whose career as a trader...
Focus on China’s property sector
The charts we focus on this week are from CreditSights, and look at the issuance and outstanding bonds for Evergrande, the Chinese property developer...
Quarterly European fixed income market analysis
Leveraging Trax’s vast market data set, the Trax Facts quarterly review provides a detailed analysis of activity across fixed income markets, including: Corporates, Agencies,...
