Regulations News

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  • Q&A: Market Surveillance Demands 20-20 Vision
    By Phil Albinus | June 14, 2013
    Just because regulators are gaining an IT advantage in market surveillance it doesn't mean that broker-dealers can relax. If they want to avoid fines and keep their trading license, remaining vigilant against suspicious trades and compliance infractions is still Job One.
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  • SEC Fines CBOE $6M for "Systemic Breakdowns" in Oversight
    By Ivy Schmerken | June 12, 2013
    The U.S. options exchange operator agreed to pay $6 million for failure to police short selling abuses and for interfering in the investigation of a member firm.
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  • Clearing Connectivity Standard Wins Support from Large Brokers
    By Zarna Patel- Staff Writer | June 11, 2013
    BofA Merrill Lynch, J.P. Morgan, UBS, and Barclays confirmed their support for the new OTC derivatives reporting standard.
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  • Tradeweb Completes Electronic Pre-Trade Credit Check on Buy-Side Swaps Trade
    By Ivy Schmerken | June 07, 2013
    The derivatives platform demonstrated electronic pre-trade credit checking with an FCM for cleared swaps, using both ping and push protocols.
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  • The Dark Pools’ Choice: Go Into the Light or Down the Drain
    By Phil Albinus | June 07, 2013
    In a letter to the operators of 15 dark pools, Finra asked for more detail about who knows what happens in these unlit exchanges.
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  • Eris Exchange Reduces Contract Size to $100k to Broaden Access to Asset Managers
    By Ivy Schmerken | June 03, 2013
    The notional size of the Eris swap futures contracts were modified by a factor of 10 in response to user demand from buy side firms in advance of the June 10 clearing deadline.
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  • NasdaqOMX, LCH.Clearnet Gain Regulatory Approval to Launch NLX
    By Ivy Schmerken | May 29, 2013
    NLX will offer a range of both short- and long-term interest rate euro- and sterling-based listed derivative products with clearing on LCH.Clearnet.
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  • EU Dark Pools Regs Blast Buy Side
    By Phil Albinus | May 28, 2013
    The proposed 5 percent cap on dark pool trading could have a sharp impact on asset managers who need the anonymity of unlit trading venues, say critics.
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  • Prosecutors Circling, SAC Hedge Fund May Shut Down
    By Phil Albinus | May 21, 2013
    After several high-profile arrests for insider trading, the head of the rich yet beleaguered SAC hedge fund may call it quits to avoid jail time.
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  • The Rich Past and Uncertain Future of the NYSE
    By Phil Albinus | May 17, 2013
    On the anniversary of its founding, the New York Stock Exchange shows signs of strength in an uncertain world.
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  • HFT Firms Flood DC with Donor Dollars
    By Phil Albinus | May 17, 2013
    While lawmakers and regulators take a long hard look at high-frequency trading, the firms that trade near the speed of light are donating money like never before.
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  • New Regulations Rank as Top Risk — DTCC Survey
    By Ivy Schmerken | May 10, 2013
    82 percent of financial firms responding to a DTCC survey ranked new regulations and the time and resources required to implement new regulations as a top 10 risk facing the industry.
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  • DataArt Launches Free Form PF Software for Hedge Funds
    By Ivy Schmerken | May 09, 2013
    As an alternative to licensing expensive software, DataArt is offering free Form PF software that simplifies the implementation of automated filings for hedge funds/investment advisers.
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  • 60 Percent of Derivatives Users Unprepared for Dodd Frank and EMIR —Study
    By Ivy Schmerken | May 08, 2013
    The vast majority of corporate end users of derivatives are underprepared for compliance with both rule sets due to regulatory uncertainty, over cross-border swaps, according to a survey by Chatham Financial.
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  • Susquehanna Renews with SunGard for Compliance
    By Ivy Schmerken | May 07, 2013
    Institutional broker dealer Susquehanna Financial Group extended its relationship with SunGard's Protegent as the firm’s platform for trading compliance of its institutional equities trading business.
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  • Finect Launches Network for Financial Industry's Social Media Needs
    By Ivy Schmerken | April 30, 2013
    Enables financial advisors, asset managers and other professionals to create an online presence by using Twitter, LinkedIn and Facebook, while including tools to ensure compliance with the SEC/FINRA's guidelines.
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  • TradingScreen Adds FX Functionality for Dodd Frank Compliance
    By Ivy Schmerken | April 29, 2013
    The firm's EMS now offers midpoint pricing on FX pre-spot, forwards, NDFs and swap deal types, ahead of the regulation's deadline on May 1st.
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  • Westport Capital Partners Files Form PF via Northpoint
    By Ivy Schmerken | April 25, 2013
    A hedge fund manager focusing on real estate picked Northpoint's Form PF filing services to deal with all operational aspects from data collection to electronic submission.
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  • Regulators vs HFT Firms Debate: Who Blinks First?
    By Phil Albinus | April 19, 2013
    The confusion around high frequency trading and algorithmic trading is not helping the discussion of new regulations.
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  • Paulson Eyes New Hedge Fund for Tax Exiles
    By Phil Albinus | April 12, 2013
    Wounded by huge losses and some staggering tax bills, Paulson eyes new fund to help other tax victims. Plus, funds attract $11B in February and the SEC seeks a hedge fund budget boost.
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  • New Limit Up/Limit Down Rules Start Today
    By Michael J. Levas | April 08, 2013
    New limit up/limit down rules will add additional complexities to the markets in an attempt to curb volatility. Let's see how they actually work.
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  • Corzine Lit Matches for MF Global Meltdown: Report
    By Phil Albinus | April 04, 2013
    Former G man Louis Freeh’s report on the spectacular meltdown of MF Global is out - and Jon Corzine does not get off easy.
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  • Spurred By Bonuses, Hedge Fund Traders Feel Pressure to Break Rules
    By Phil Albinus | April 02, 2013
    A survey reveals the depressing state of a hedge fund trader’s mind: They’ve seen misconduct, would break rules to get ahead and doubt the SEC can do anything to fix the industry.
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  • Cyprus Says Threat Contained, No Plan to Leave Euro
    By Michele Kambas, Reuters | March 29, 2013
    The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island's fate.

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  • Commission Considers Good and Bad of British Banking
    By Matt Scuffham, Reuters | March 29, 2013
    The Archbishop of Canterbury has spent the run up to Easter contemplating the ethics of the trading floor and ways to curb greed in the City of London.

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