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...
Liquidnet

Liquidnet

Liquidnet’s Europe subsidiary became the second trading participant to join SIX Swiss Exchange so far this year, after Barclays Bank Ireland became the first new 2019 trading participant in March.
American Financial Exchange (AFX)

American Financial Exchange (AFX)

The AMERIBOR benchmark, disseminated by the American Financial Exchange (AFX),  will be the underlying for a new futures contract to be launched August 16 at the Cboe Futures Exchange.  CFE will offer two AMERIBOR futures products: three-month and seven-day contracts,...
Singapore Exchange Limited

Singapore Exchange Limited

Singapore Exchange Limited (SGX) will undergo a large-scale reorganization in an attempt to grow by attracting more fixed income, forex and international investors. The shake-up will include the retirement of President Muthukrishnan Ramaswami after 12 years at the...

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