Given the interconnectedness of global capital markets and the multinational nature of financial institutions and transactions, firms have come to accept regulatory arbitrage as a fact of life.
The thrust of current regulations is to provide regulators, and by extension investors, with greater transparency into the inner workings of systemically-important financial institutions.
Looming regulations are testing the ability of capital markets firms to maximize operating efficiency, as the weight of requirements spanning trade execution, clearing and reporting makes itself felt.
As the race to zero latency hots up across the Atlantic Ocean, some market participants believe this scramble to be a futile, and costly, process—as other, newer, technologies begin to appear on the trading scene..
The Spanish stock exchange is the latest European bourse to open up its data center to third-party co-location service providers in a bid to attract more high-frequency traders and shore up falling volumes..
The broker-dealer arm of Getco, the global electronic trading and market-making firm, is opening up its European dark pool to more market participants in what it says is a “unique opportunity”..
The fixed income market may never be as electronic as the equity market, but bonds are headed in that direction thanks partly to Dodd-Frank and technological advances..
With European regulation that will push over-the-counter derivatives trades on to exchanges starting to appear on the horizon, a handful of the region’s leading clearing houses are battling it out to become market leader in one of the three main OTC asset classes—credit default swaps (CDS)..
While Canadian markets continue to splutter amid ongoing European sovereign debt concerns, solid fundamentals are likely to drive any future turnaround..
Development of a global system for uniquely identifying counterparties to financial transactions is taking place through a coalition of industry service providers and international standard-setting bodies..
Despite a difficult business climate that has cut into staffing levels and resources, hedge funds have managed to stay largely trouble-free in the few years since the financial crisis of 2008-2009..
Cloud infrastructure and hosting firm Savvis is opening a new data center in London’s Docklands, adding much-needed extra low latency trading capacity to the UK’s capital..
Falling volumes and extra competition in the exchange space have been mooted as reasons for the winding down of Plus Markets, London’s stock market for small and fledgling companies..
Firms are being warned that their legacy surveillance systems will not be able to cope with the avalanche of new regulations set to descend on Europe..
This Saturday, May 19, the 18th annual Taste of Tribeca festival celebrates the booming food scene in lower Manhattan, with more than 70 of the neighborhood’s premiere restaurants and chefs serving up delicious samples of their food to over 7,000 event goers..
Despite the current monetary policy of the Federal Reserve and its chairman Ben Bernanke's arsenal of dollar-depreciation weapons, it seems that the greenback is making a comeback..
This Sagaponack, Long Island winery's red, made of 85% Cabernet Franc and 15% Merlot, shows off a full-fledged personality that is a perfect complement for a steak, a rich pasta, or anything that can match its warm vibrance (we enjoyed ours with a porterhouse)..
Nine of Europe’s larger central securities depositories (CSDs), including Deutsche Börse’s Clearstream Banking, have now signed up to the European Central Bank’s (ECB) long-running Target2Securities (T2S) scheme, which is intended to streamline settlement across the region—but 22 have still to commit as the final deadline approaches..
Burgundy, the Nordic multilateral trading facility, has become the latest venue to open up to full interoperability as the ‘vertical silo’ clearing model comes under renewed attack in Europe..
Broker-dealers are struggling to retain control of advisors who are increasingly empowered to make their own decisions and trade securities in client portfolios, following a trend towards fee-based relationships and away from brokerage or commission-based relationships..
With equity and options trading volume mostly languid this year, exchanges and broker-dealers that rely on order flow are doing what they can to boost their own businesses..
Europe’s main financial services regulator is looking to step up cross-border surveillance methods to better monitor trading strategies that can now stretch across multiple venues and asset classes in a bid to crack down on market abuse and insider trading..
Two years on from the May 2010 ‘flash crash’ on Wall Street, in which high-frequency traders were blamed for exacerbating the situation, and politicians and regulators across the pond in Europe are continuing to grapple with ways to curtail the practice..
New York's Long Island is loaded with wineries, but not many of those wineries can say that they've got a distillery and a bed & breakfast (with a professional chef) on the premises..
While the global macroeconomic environment continues to bring uncertainty to the marketplace, Allianz’s NFJ Investment Group is building an equity portfolio to combat the volatility..
Following Francois Hollande’s recent presidential victory in France, it appears that there is a groundswell of support building from some European policymakers to re-assert plans for a continent-wide financial transaction tax..
Six Securities Services continues to expand its post-trade business in Europe as it looks to tap into the potential of one of the region’s fastest growing emerging markets..
Over the next seven days, several marquee names are descending upon New York and Chicago, and it is your responsibility to catch at least one of them (and bring a date)..
The world’s second largest exchange operator by market value will look toward aggressive global expansion, starting with the potential acquisition of the London Metal Exchange..
You know the feeling: springtime rains abound, the cold won't go away (and it's May), and you're absolutely ravenous for comfort food, and in this rain no sandwich, salad, or artfully arranged trendy dish will do..
The UK is digging its heels in over the European Union’s interpretation of banking rules designed to harden the defenses of banks against a repeat of the global financial crisis—as one survey suggests that banks have some way to go until they can meet the requirements..
High-frequency traders are making a push into one of the last bastion’s of traditional trading, the London Metal Exchange (LME), which maintains Europe’s last open outcry trading pit..
As we raise a glass to this old Trappist brewery's 150th birthday, let's remember a few facts: namely, that all proceeds from beer and cheese sales--over $50 million in 2007--go toward support of the monastery in Chimay, Belgium and largely toward charitable works and community development..
Communications provider BT has selected Equinix, the global data center operator, to roll out its cloud-based suite of services, which provide low latency proximity hosting for traders worldwide..
Six Financial Information, formerly Six Telekurs, continues to overhaul its data service provision as it looks to make better sense of the ever growing financial information that is churned out by global markets..
This Saturday marks the 137th Kentucky Derby, the most prized and historic of horse races, and as "The Run of The Roses" kicks off at Churchill Downs, so too will its many traditions: the University of Louisville's marching band playing "My Old Kentucky Home", high society mingling with the merely wealthy on Millionaire's Row, men and women in all of their finery (and elaborate, wide-brimmed hats), and, of course, that highly treasured and most widely exported of all the race's traditions--the mint julep..
Clearing organizations are rolling out portfolio margining services that enable clearing firms and their customers to reduce the collateral they are required to maintain against open positions, paving the way for capital efficiencies..
Nordic Growth Market (NGM), a Swedish exchange, is expanding its reach to a wider trading community after signing deals with both TMX Atrium and Neonet..
The European Securities and Markets Authority (Esma) is facing an alphabet soup of new financial regulations to deal with and market participants are worried that the pan-European regulator will not be able to spend enough time on each one—bringing new dangers to the market..
On Saturday, June 2, New York's young and beautiful will descend upon Liberty State Park to cheer on Nacho Figueras and his Black Watch polo team, bask in the sun, and sip on Veuve Clicquot, the event's sponsor, all the while..
