HTG, Kottke to Form a ‘Strong Team’ HTG Capital Partners, a liquidity provider for listed and over-the-counter (OTC) derivatives instruments, is slated to acquire the introducing broker, money management and proprietary trading businesses of Kottke Associates, creating “a strong team” to take on the futures industry, say officials. HTG and Kottke Associates, which is a… Read More >>
Credit Suisse to Pay $665,000 for Futures Violation
U.S. commodities trading regulator the CFTC has ordered a payment of penalties totaling $665,000 from Credit Suisse International (CSI) for violating a speculative position limit for wheat futures and from Credit Suisse Securities (CSS-USA) for allegedly submitting misleading information to the regulator about the incident. The CFTC charged that the London-based CSI “exceeded the CFTC… Read More >>
National Stock Exchange Announces Its Resurrection
After closing for 17 months, the National Stock Exchange (NSX) is in the final stages of relaunching a national securities exchange for trading equity securities and exchange-traded fund (ETFs) with a strategy to become “the leader in low-fee market access,” say NSX officials. The low-fee strategy is intended to drive higher levels of activity than… Read More >>
EMIR Blesses CME Clearing Europe
CME Group, the derivatives exchanges operator, reports that its European clearinghouse, CME Clearing Europe, has received authorization under the European Market Infrastructure Regulation (EMIR) as a central counterparty clearing house (CCP). The authorization covers all over-the-counter (OTC) derivatives and futures products currently cleared by CME Clearing Europe, including interest rate swaps, energy and commodities, and… Read More >>
Demand Soars for Recs IT as SIFMA Pushes LEI Usage
Reconciliation Technology ‘Explosion’ in Europe & U.S., Says Aite No longer is reconciliation technology “solely applied” to reconciling cash accounts. That’s the word from market research firm Aite Group’s latest report, “Reconciliation Technology Solutions in 2014: Recs Get Ready to Rumble,” which also takes note of the “explosion in the number of different vendor solutions… Read More >>
