Infrastructure
Markit and Calypso join forces to speed up trade confirmations
London-based data provider Markit and San Francisco capital markets trading software company Calypso have announced that the US-based company will integrate Markit Trade Processing into its software platform.
No merger for FPL Group and Constellation
FPL Group and Constellation Energy have terminated their plans to merge.
Abbey launches its first commercial property bond
Abbey in the UK has launched the first capital guaranteed commercial property-linked bond. The bond has a five-year or seven-and-a half-year investment term, offering 100% or 125% of any growth of the FTSE All UK Property Index (NAV).
CESR sets out work programme and consultations for Mifid
The EU securities regulators have outlined their programme to implement Mifid requirements, marking the end of the legislative phase for the directive.
The correlation debate
In response to an article on asset value correlations for retail banking portfolios, published in the July issue of Risk, Ashish Dev of KeyCorp argues that the current Basel II rules are slightly too liberal for high-quality credit cards and overly…
The MiFID Threat
Thanks to compliance, many of the European Union’s smaller exchanges now face fresh competition.
CME, CBOT to merge
The Chicago Mercantile Exchange is to merge with the Chicago Board of Trade in a move the exchanges say is “expected to transform global derivatives markets.”
Merrill Lynch launches its first retail structured note in Singapore
Merrill Lynch has launched its first equity-linked structured note for the retail market in Singapore. The Citrine Giant Booster Notes, provide investors with a fixed coupon linked to the performance of a basket of eight global blue chips.
Barclays bullish on oil
Crude oil's recent slide is set to reverse with prices returning to over $70 by the end of the year, Barclays Capital says in its latest commodity research.
Dark Pools, Clear Results
As the markets continue to fragment, firms are looking to algorithms to help them seek out dark pools of liquidity.
DME reveals trading platform details
Energy futures exchange the Dubai Mercantile Exchange (DME), due to launch in the fourth quarter of this year, has unveiled details of its trading platform.
Nine Banks Organize to Build Mifid Utility
LONDON—Nine global securities firms have gone public with plans to create a trade data and market data dissemination platform to take advantage of the EU’s Markets in Financial Instruments Directive (Mifid) market structure reforms.
EU must lead global effort to integrate financial markets, says EC commissioner
Mifid and the EU’s clearing and settlement policies will play a vital role in achieving integrated global financial markets, according to a top regulator.
European regulators state concern over supervisory review process for mergers and acquisitions
CEBS, CESR and CEIOPS’ letter to the EC outline problems with the current draft of cross-border consolidation proposals.
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