One observation I see made regularly by commentators on electronic markets is that liquidity can 'disappear in an instant' and is somehow ephemeral. Quotes, they say, tend to fade as soon as the market notices there's a seller around. I'm always rather bemused by this observation, because it implies that in more manual markets, liquidity is (or was) more stable.
CONTINUE READINGOn Feb. 11, the Securities and Exchange Commission issued an order approving the OCC’s plan to raise capital.
CONTINUE READINGThe European Energy Exchange, a unit of Deutsche Boerse, has expanded eastward.
CONTINUE READINGA year ago, the blockchain was a mysterious technology that somehow powered the equally mysterious Bitcoin. But people in financial services learn quickly when there’s money on the line.
CONTINUE READINGThe Bank of England has urged European policymakers to review the treatment of derivatives trades in the leverage ratio calculation used to determine the amount of capital required for banks.
CONTINUE READINGJanuary set a record for cross-border trading at the Tokyo Commodity Exchange.
CONTINUE READINGThe Bank of England on Jan. 15 released a staff working paper studying the impact of Dodd-Frank rules requiring that certain interest rate swaps be traded on swap execution facilities.
CONTINUE READINGFIA European Principal Traders Association (FIA EPTA) is pleased to announce the appointment of Piebe Teeboom as Secretary General.
CONTINUE READINGTwo key aspects of MiFID II and MiFIR – transaction reporting and the new position limits regime – are likely to have a wide-ranging impact on any person transacting in the European derivatives markets, including traders located in the United States.
CONTINUE READINGTrading volume on U.S. options exchanges totaled 4.14 billion contracts in 2015, a 2.9% decrease from 2014.
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