LONDON, Jan 18 (IFR) - The English Supreme Court has
delivered a blow to Italian local authorities seeking
compensation for soured derivatives trades after refusing to
grant Comune di Prato permission to appeal a 2017 decision in
favour of its swap counterparty, Dexia Crediop.
LONDON, Jan 12 (IFR) - European stock exchanges, including
Cboe Europe and Aquis Exchange, have aligned minimum pricing
increments for Swiss share trading with Zurich’s SIX Swiss
Exchange, which some believe may have been granted an unintended
competitive advantage by MiFID II.
LONDON, Jan 8 (IFR) - London-based LCH cleared a record
US$873trn of over-the-counter derivatives notional in 2017, as
the introduction of new products and the rising cost of
bilateral exposures overcame uncertainty around the
clearinghouse's future as the UK negotiates its departure from
the European Union.
LONDON, Dec 20 (IFR) - The Wholesale Markets Brokers’
Association (WMBA) has changed its name to the European Venues
and Intermediaries Association (EVIA), reflecting the changing
role of its members under MiFID II.
LONDON, Dec 19 (IFR) - Olivier Grimonpont has been appointed
CEO of GlobalCollateral, the joint venture between Euroclear and
the Depository Trust & Clearing Corporation.
LONDON, Dec 19 (IFR) - LCH has become the first
clearinghouse to begin clearing credit options, with the service
being offered on contracts referencing two key European credit
default swap indices.
LONDON, Dec 13 (IFR) - Electronic trading venue Liquidnet
has expanded beyond its dark pool roots in corporate bond
trading with additional protocols and smart execution tools that
direct different order types to the most appropriate execution
methods, from anonymous trading to fully lit markets.
LONDON, Dec 12 (IFR) - TruePTS, the post-trade processing
arm of swap execution facility trueEX, has signed Citigroup and
JP Morgan as its first clients. The agreement comes just days
after the start-up platform resolved a legal dispute with legacy
provider, IHS Markit.
LONDON, Dec 12 (IFR) - RJ O'Brien, the independent futures
broker, has signed an agreement to distribute Fidessa's futures
and options workstation to its institutional clients for
compliance with sweeping MiFID II reforms that are set to take
effect on January 3.
LONDON, Dec 5 (IFR) - Overbond, a Toronto-based digital bond
origination and execution platform, has appointed George
Harrington to lead the firm's expansion into the US.