NYSE Euronext hasn’t yet decided on how to separate its Euronext unit, as interest in that division increases from other players. The CFTC is looking for confirmation that a large number of metals and energy trades by major traders over the past two years were legitimate. Financial service company INTL FCStone announces a 90 percent acquisition of Cleartrade Exchange.
ClearTrade ExchangeEverything tagged with: ClearTrade Exchange
May 14, 2013: NYSE Keeps Options Open to Exit Euronext; Watchdog probes 1m US swap contracts; INTL FCStone Inc. to Acquire Control of Cleartrade Exchange
March 1, 2013: Mexican Exchange to buy stake in Lima Exchange; US watchdog set to weaken derivatives rules; Cleartrade puts majority stake up for sale
The Mexican Stock Exchange forms a strategic agreement with the exchange in Peru, and takes a stake in the shares of that exchange. The CFTC prepares to “pull a Maker’s Mark” and water down its upcoming rules for swap execution facilities; but unlike the whisky manufacturer, the CFTC’s customers may not all fly into a rage. Cleartrade Exchange in Singapore puts just over half of itself up for sale via a share offering. In First Read today, check out the very thorough article, “Interest Rate Swap Futures: Finally the Right Time” penned by Sean Owens of Woodbine Associates, and featured in MarketsReformWiki.
August 13, 2012: Australia clamps down on ‘algo’ trading; Short-Selling Bans During Financial Crisis Did Little To Stabilize Stocks; Swiss banks accused over tax evasion
Australia reveals new, big plans to rein in the risk of algo trading systems, including requirements for periodic testing (in addition to the every-minute-of-every-day testing that happens when they trade) and controls against abnormal behavior. A new study by the New York Federal Reserve discovers that short-selling bans don’t stabilize stock prices, nor do they prevent prices from falling, suggesting that stock prices may actually be dependent on other things like discovered value and investor confidence. A German politician accuses Swiss banks of helping Germans to avoid taxes, and calls for possible criminal charges against them.