Week Beginning 16th June 2013
Singapore Raps Banks over Fixings
16th June 2013
The Monetary Authority of Singapore has completed its investigations into benchmark rate fixings in the island state and has released a proposed regulatory framework to govern the process going forward. As part of the process, the MAS says that 20 banks and 133 traders have been found in breach of best practice and that it has taken “supervisory actions” against institutions and individuals
US Muddies the Extraterritorial Waters
16th June 2013
The progress of US efforts to enforce cross border regulations recently imposed by the Commodity Futures Trading Commission hit a stumbling block last week when the US House of Representatives voted to block the legislation through the passing of a Bill, H.R. 1256, the Swap Jurisdiction Certainty Act
Clearing Brokers Support ISDA CCS Initiative for OTC Derivative Reporting
16th June 2013
The International Swaps and Derivatives Association (ISDA), and Sapient Global Markets, a division of financial services provider, Sapient, last week announced that four over-the-counter derivatives clearing brokers – Futures Commission Merchants (FCMs) – have confirmed their support for the Clearing Connectivity Standard (CCS) initiative to standardise reporting for cleared OTC derivatives
Tradition Launches Volatility Futures Platform
16th June 2013
Interdealer broker, Tradition, has launched Volatis, a hybrid platform created to facilitate the negotiation and subsequent trading of, realised volatility futures with a variance pay-off listed and cleared on CME Group exchanges
Ritossa to Join Icap Board
16th June 2013
Ivan Ritossa will be appointed to Icap’s board as a non-executive director, following the firms’ annual general meeting in July
Tibco Acquires StreamBase
16th June 2013
Infrastructure software provider, Tibco, Software has acquired high performance event processing and real-time analytics software provider, StreamBase Systems
Deutsche Launches Autobahn Mobile
16th June 2013
Deutsche Bank has launched Autobahn Mobile, a new initiative to make its Autobahn sales, trading and research platform available via mobile devices
Progress to Sell Apama
16th June 2013
Progress Software says it has signed an agreement to see its Apama complex event processing solution to Software AG
Traiana Expands Harmony ClientLink Capabilities
16th June 2013
Post-trade and risk services provider, Traiana, has expanded Harmony ClientLink’s cross-asset capabilities to include the cash equities and fixed income markets with a number of brokers
Report Identifies PB Technology and Services Trends
16th June 2013
Software and IT Services provider, SunGard, in association with financial research firm, Finadium, has identified five key trends in prime brokerage technology and services that are helping to create new approaches for companies
ISDA Publishes 2013 SCSA
16th June 2013
The International Swaps and Derivatives Association (ISDA) has published the 2013 Standard Credit Support Annex
EACH Calls for CCP Exemption
16th June 2013
The European Association of CCP Clearing Houses (EACH) last week urged regulators to exempt central counterparties (CCPs) from the bail-in provisions of the banking recovery and resolution framework proposal
On the Move
16th June 2013
The National Futures Association, Bank of America Merrill Lynch, The Alternative Investment Management Association, Leverate, Misys
Tech Corner
16th June 2013
A round up of the latest technology news...
And Finally...
16th June 2013
There is a paradox in the FX industry that is highlighted in the top two stories in
Squawkbox this week
