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It allows for faster and safer settlement than the current monopolistic clearing houses
US asset manager to help power Pure Digital venue as financial firms inch into market
Latest ‘deal’ between EU and UK offers little in the way of progress
Instinet and Credit Suisse skip main US clearing house and settle deals on digital ledger
The implosion of Bill Hwang’s investment firm has focused attention on a pool of capital almost twice the size of hedge funds
Heath Tarbert appointed chief legal officer at Ken Griffin’s market making firm
Transatlantic listings envy should not overshadow FCA’s consultation on blank-cheque acquisition vehicles
Derivatives that blew up Hwang family office were growing source of revenue for Wall Street
Financial Conduct Authority’s move comes as government seeks to make London more competitive in booming market
EU is increasingly worried about London’s dominance over the €81tn industry
Replacing Esma’s Steven Maijoor has been complicated by revolving doors at EU agencies
Move aims to create benchmark to rival other regional players including Dubai and Oman
Prospects for supervisory ‘equivalence’ fade as each side pursues differing rules
Transfer to Brussels of securities deposits follows shift of share trading away from UK
Investors worry over higher-than-expected expenses to integrate Refinitiv purchase
UK regulators want to smooth shift to alternative benchmarks
Former BoE deputy governor Paul Tucker urges greater scrutiny of clearers and brokers
DTCC sets out plan to cut settlement times to one day after calls from brokerage Robinhood
Joanna Coles and Jonathan Ledecky prepare $4.7bn NYSE launch of Apex Clearing via special-purpose vehicle
Market makers’ relationship with online brokers has come under scrutiny
UK’s departure from the EU prompts shift in dealing of stocks and derivatives
€1bn-a-day market is latest to move away from UK in wake of Brexit
UK exchanges hope new pact will help offset loss of EU business caused by Brexit
Volatility prompts firms with crucial settlement role to increase collateral demands
David Schwimmer’s intervention comes ahead of release of review of listings regime
Swedish regulators issue $36m penalty after investigation uncovered ‘serious deficiencies’
Flip-flops on delisting of Chinese telecoms groups have drawn scrutiny over exchange’s decision-making
Interdealer broker intends to boost its revenue growth and margins with acquisition
UK has given up about €6bn of daily volume since Brexit transition ended
Nearly €6bn of dealing rerouted to newly created European hubs and primary exchanges
A handful of groups are pushing beyond operating exchanges into financial data and analytics
Regulator in bipartisan agreement to toughen rules and introduce competition
Esma says it will not tweak requirements, setting up clash with UK rules from January
Companies and regulators adapt despite lack of clarity on post-December market access
Stakeholder scheme aims to reboot specialist market aimed at smaller companies
Reform of lending rate embedded in everything from mortgages to derivatives poses huge challenges
ASX says problem will be resolved in time for trading to resume on Tuesday
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