In the game of contract bridge, partners are permitted to pass signals to each other through coded card play. On financial exchanges, such behaviour could amount to market abuse, which is forbidden.

When it comes to clearing US Treasuries and repo, the Fixed Income Clearing Corporation has an obvious huge head start. One potential rival has already claimed they don’t expect to make significant ...

The National Futures Association has approved CME Group’s long-desired request to have its own futures commission merchant (FCM), the firm has announced. The new entity does not appear in the most ...

The study of so-called market impact – how an investor’s trades move market prices – is a field Neil Chriss knows well. He ...

As the counting unfolds in the presidential election, it’s not just US-headquartered banks that are wondering about the fate ...

Fearing another round of rapid increases in inflation, several European corporates are hoping to hedge the inflation risk ...

Hedge funds that used exotic foreign exchange derivatives to buy cheap forward exposure to volatility around the US ...

As ailing US corporates have struggled to service post-crisis loans, the prevalence of cov-lite lending has helped let creditors carve up distressed debt and sometimes cut other lenders out of the ...

More banks are looking to offer sponsored access to European repo clearing at Eurex, even before repo trades become part of ...

TCA is more than a post-trade exercise for best execution requirements – it is also a pre-trade tool to inform on how to ...

Republican commissioner Hester Peirce has found plenty to disagree with in the agenda of the US Securities and Exchange ...