Jon S. Corzine

Jon Corzine, the former chairman and CEO of MF Global, is attempting a comeback with a new hedge fund called the JDC-JSC Opportunity Fund, but  faces SEC restrictions against trading his own money in a separate pool at the firm. These limits stem from the role of prop...

INTL FCStone Inc.

INTL FCStone Inc. announced that it has executed a sale and purchase agreement to acquire the outsourced trading firm Fillmore Advisors. This news follows the earlier announcement that INTL FCStone launched a prime brokerage division in April. Fillmore Advisors is now...

1MDB

1MDB, Malaysia’s state-owned investment fund, was supposed to promote development but is being investigated by agencies around the world for alleged embezzling, money laundering and political patronage involving former Prime Minister Najib Razak, who led its advisory...

Tradeweb

Chinese bond trading volumes reached a record high of $1.1 billion ADV in June at Tradeweb after it became the first firm to provide offshore investors with access to the Bond Connect trading link. This represents a 406% increase since the first month of trading on...

Deutsche Bank

Deutsche Bank plans to cut 18,000 people from its trading desks in a huge restructuring that will see the bank  scrap its global equities business, scale back its investment bank and cut some of its fixed income operations.

ErisX

ErisX was granted a second license earlier this week from the CFTC allowing it to clear futures in addition to trading them; the company has now acquired both DCM and DCO licenses.

Value at Risk

Both ICE Clear Europe and CME Group are planning to roll out new Value at Risk (VaR)-based margin methodology for listed derivatives in early 2020, subject to regulatory approval. ICE plans to use the model for its interest rate futures complex, including its flagship...

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