Proprietary trading
Learning to share the swap market
Asset managers, hedge funds and proprietary trading shops all want access to platforms that currently serve dealers only - a test for rules on impartial access and, potentially, the start of a long-awaited revolution in over-the-counter markets. By…
Meet the new OTC market-makers
New swap trading platforms are often seen as a way of levering open the OTC market for a range of non-dealer market-makers – from opportunistic buy-side firms to aggressive Chicago prop shops. But how many of these firms are serious, and what difference…
Regulators “don’t give a damn” about Volcker impact, claim Republicans
A bad-tempered congressional committee hearing sees US regulators quizzed over Volcker rule costs
Volcker rule start date could be delayed
Final rule could provide blanket relief of up to 12 months, says source
Prop trading no longer an option for dealers, says Masters
Commodity businesses must have broad client base to absorb increased regulatory costs, says JP Morgan commodities head
Derivatives trader 2.0: Sun is setting on old-school risk-takers
Traders of the lost art
Risk 25 firms of the future: Citadel
OTC market-maker in waiting
CFTC's Chilton: accept Volcker rule or get out of the way
Chilton warns banks to either co-operate with regulators on the Volcker rule or get out of its way, as it is definitely happening
Volcker compliance-responsibility aspect splits legal opinion
Volcker rule requirements for chief executive compliance responsibility called into question
Head of prop trading leaves JP Morgan
Stewart leaves before prop trading division is abolished
Volcker rule will not be ready for July, Fed chair admits
Expert predictions of delayed start date proven correct
Banks are retreating from market-making, managers warn
Forex investment has became more challenging, as market-making banks facing new regulation have become less willing to take risk, say buy-side firms
CFTC's Sommers and O'Malia attack 'unworkable' Volcker rule
Republicans dismiss prop trading ban as overly complex, unworkable and unenforceable
July deadline in question for Volcker implementation
Industry experts divided over Volcker deadline of July 2012
Volcker rule delays likely as opposition grows
Rule may slip up to two years before full implementation, following criticism
Non-US banks stunned by Volcker compliance regime
Non-US banks stunned by Volcker compliance regime
US banks at a disadvantage in face of Volcker rule
Non-US banks will have an advantage over US counterparts when it comes to prop trading, according to one legal expert
Prop trading ban set to crimp market-making and hedging activities
Putting a stop to prop
Wave of new regulation brings inconsistencies and loopholes
Divergent paths
Finding Volcker rule metrics will be tough, dealers warn
Crop of the props
Foreign banks get temporary respite from China’s new ‘Volcker rule’
Foreign banks in China, particularly thinly capitalised branches that are not locally incorporated in the country, greeted a decision by China’s banking regulator to postpone rules aimed at limiting non-hedging business onshore with relief this month…