The entire fixed income complex, from corporates to mortgage backed to benchmark Treasuries, went through a shock in 2008 and has not recovered. What will it take to fix the broken bond market?
Mutual funds and exchange-traded funds will be required to create new programs to better manage their liquidity, under a plan unveiled by U.S. securities regulators on Tuesday.
The U.S. Securities and Exchange Commission is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages.
Stock exchanges must show they can prevent technology disruptions under new rules intended to limit the frequency of malfunctions that have undermined investor confidence.
Athena is the regulator’s first market manipulation case against a firm engaged in high-frequency trading, an industry besieged by accusations that it cheats slower investors.
ICE completed its acquisition of SuperDerivatives; the CFTC is considering whether to require that contracts for non-deliverable forwards be guaranteed at clearinghouses that accept collateral from buyers and sellers.
Chicago Mercentile Exchange will reduce livestock trading hours from the current schedule of 23 hours to as few as six hours a day on Fridays, Bloomberg reported. The change is expected to be implemented later in October, pending CFTC approval.
Federal Reserve Bank of Boston President Eric Rosengren said brokerage regulation needs a “major re-examination” to prevent funding shortfalls during a crisis.
The settlement talks follow a U.S. Securities and Exchange Commission inquiry begun more than two years ago into key facets of modern markets, including order types -- or instructions for handling transactions that traders can send to exchanges.
“Eliminating maker-taker pricing would improve confidence in U.S. equity markets,” Levin, a Michigan Democrat, wrote in the letter released yesterday.