Citibank and Deutsche Bank are throwing their weight behind the Neptune open-standard network for bond pre-trade, real-time “axe” indications of interest by joining the network and taking two seats on the Neptune board. The Neptune network offers a venue for dealers to share information with investors on the bonds that may be bought or sold,… Read More >>
MiFID II Group Grows, Readies IT Roadmap
The Project Sentinel collaboration of banks to mutualize MiFID II costs completes the first round of assessments of potential technology partners, the initiative has seen an increase in consortium numbers from the original four to seven banks to eight to 10 in the current phase. “At this stage, our sleeves are rolled up and the… Read More >>
CFTC Approvals Raise Number of SEFs to 21
CFTC Finalizes Registration for GTX, Tera and FTSEF The CFTC has given its stamp of approval to three swap execution facilities (SEFs): the GTX SEF (GTX) of Bedminster, N.J.; TeraExchange, (Tera) of Summit, N.J.; and FTSEF (FTSEF) of Great Neck, N.Y., bringing the number of fully CFTC-registered SEFs to 21. The regulatory action finalizes approval… Read More >>
ISDA Pushes for a Derivatives Product ID Standard
Derivatives trading advocate the International Swaps and Derivatives Association (ISDA) has launched a symbology project intended to provide an industry-wide, open-source standard to help all derivatives facilities such as trading venues, clearinghouses, repositories and other infrastructures meet regulatory needs. The new industry data project is charged with developing an open-source standard derivatives product identification system… Read More >>
