On Nov. 10, China’s vice minister of finance Zhu Guangyao announced several steps to further open up China's financial industry to foreign participation.
CONTINUE READINGOn Nov. 14, five U.S. financial associations including FIA asked the Securities and Exchange Commission to update its broker-dealer electronic retention Rule 17a-4 by eliminating an obsolete recordkeeping requirement known as WORM (write once, read many) that was first put in place more than 20 years ago.
CONTINUE READINGOn Oct. 27, Intercontinental Exchange and TMX Group announced a complex transaction under which ICE will swap Trayport, a trading platform widely used in European power and gas markets, for two energyrelated businesses owned by TMX plus £350 million ($459 million) in cash.
CONTINUE READINGOn Nov. 1, Euronext formally renewed its clearing agreement with the Paris-based branch of LCH after extensive negotiations with LSE Group, the owner of LCH, on the terms of their relationship.
CONTINUE READINGCQG, a leading independent provider of trading software, is introducing a new feature that is designed to allow a central trading desk at a futures broker to manage trades for multiple customers.
CONTINUE READINGOn Oct. 26, the Commodity Futures Trading Commission issued an order that will keep the swap dealer de minimis threshold at $8 billion until December 2019.
CONTINUE READINGOn Oct. 31, the Financial Stability Board, the official body that coordinates financial regulation among the G-20 nations, published a report on the growing use of artificial intelligence and machine learning in financial services.
CONTINUE READINGThe Alternative Reference Rate Commission, a group of industry representatives convened by the Federal Reserve Bank of New York, has established a timetable for transitioning away from the use of Libor in the U.S. derivatives markets.
CONTINUE READINGBeing a customer just wasn't enough. In September Deutsche Börse made a minority investment in Trifacta, a data processing firm founded in 2012.
CONTINUE READINGTrading Technologies International, a leading independent provider of software for trading futures, has acquired Neurensic, a compliance firm that uses artificial intelligence to sniff out trading irregularities in close to real time.
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