ICAP in November entered into an £1.1 billion ($1.63 USD) agreement to sell its brokerage business to Tullett Prebon. Although ICAP will retain some ownership of the combined company, the move marks a decisive shift away from ICAP's origins as a voice broker. Going forward, the company will focus primarily on two main lines of business: post-trade services and electronic markets.
CONTINUE READINGIn a move to expand services to Europe's energy markets, Intercontinental Exchange announced on Nov. 16 that it reached an agreement to acquire Trayport for $650 million.
CONTINUE READINGOn Dec. 1, the European Commission finalized the dates for implementing the first set of mandatory clearing requirements for over-the-counter derivatives.
CONTINUE READINGOn Dec. 4, President Obama signed into law a transportation bill that includes a provision removing a barrier to the sharing of data on swap trading.
CONTINUE READINGEfforts are underway in Europe and the U.S. to strengthen industry protections against attacks on computer systems.
CONTINUE READINGThe European Securities and Markets Authority issued a consultation on Dec. 14 proposing amendments to the European Market Infrastructure Regulation that would permit a "one-day gross" approach to calculating margin requirements for exchange-traded futures and options.
CONTINUE READINGTrading Shanghai versus London in the copper market? Sucden Financial wants to help.
CONTINUE READINGCME Group has expanded the range of products covered by its “Basis Trade at Index Close” facility, a move aimed at addressing the needs of institutional investors.
CONTINUE READINGEurex Clearing in November launched its Prisma Margin Estimator, a free service that allows clearing members and their clients to estimate initial margins for futures, options and swaps.
CONTINUE READINGIn October, Intercontinental Exchange agreed to acquire Interactive Data for $5.2 billion, making it the third-largest data provider in global markets.
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