A recent proposal in the U.S. Senate to force banks to shed their derivatives-trading desks is seeing significant opposition.
Critics as varied as the Obama administration to industry lobbying groups have attacked the measure. Banks don't want to lose the lucrative business, while those angling for more regulation contend the requirement would make it even more difficult to keep tabs on the practice.
ISE loses appeal; index exclusivity holds
The Illinois Appellate Court has ruled in favor of CBOE, McGraw-Hill and CME Group Index Services, in index options litigation against the ISE.
ProShares launches ETF that targets highly rated corporate bonds
The ETF invests in covered bonds, a type of collateralized corporate debt typically issued by non-U.S. financial institutions.
Euro falls to 22-month low as German business confidence slides
The euro traded close to the weakest level since July 2010 versus the dollar as German business confidence slid and manufacturing shrank, stoking concern fallout from the debt crisis is spreading.
Crude options volatility rises as futures near $90 a barrel
Crude-oil options volatility rose for the first time in three days as underlying futures slipped below $90 a barrel.
