EU probing CDS market for collusion — full statement [updated]
Friday’s stunning announcement from the EU Commission below: The European Commission has opened two antitrust investigations concerning the Credit Default Swaps market. CDS are financial instruments...
View ArticleNasdaq, ICE confirm NYSE bid
Nasdaq OMX and IntercontinentalExchange have moved closer to making a hostile bid for NYSE Euronext, confirming they would launch an offer for the exchange this month as the pair attempt to derail the...
View ArticleNasdaq, ICE announce NYSE bid
Nasdaq OMX and IntercontinentalExchange approved a direct offer to acquire NYSE Euronext late on Tuesday, formalising their hostile bid for the biggest US market operator and taking it to shareholders,...
View ArticleWaiting game for NYSE investors
Investors looking to profit from competing bids for NYSE Euronext are hesitant to build large positions until closer to a July shareholder vote on its agreed tie-up with Deutsche Börse, according to...
View ArticleNasdaq in offer to Paris over NYSE bid
Nasdaq OMX, the US exchange group, has offered to restore the name “Paris Bourse” to France’s stock market, if it wins the battle for control of NYSE Euronext, current operator of the Paris exchange,...
View ArticleNasdaq and ICE withdraw bid for NYSE
Nasdaq OMX and the IntercontinentalExchange have abandoned their $11.3bn break-up bid for NYSE Euronext after a US competition regulator threatened to sue the companies to block the potential deal,...
View ArticleNasdaq, ICE withdraw bid for NYSE on antitrust concerns
Nasdaq OMX and the IntercontinentalExchange have abandoned their $11.3bn break-up bid for NYSE Euronext after a US competition regulator threatened to sue the companies to block the potential deal, the...
View ArticleMove to boost Brent trading transparency
ICE Futures Europe, home of the Brent oil benchmark, has started to publish detailed information about the different types of traders and speculators buying and selling Brent and gasoil futures and...
View ArticleTabb: HFT makes up a third of OTC energy swap trading
Attention over-the-counter (OTC) energy traders who think there’s no prominent high frequency trading (HFT) presence in their section of the market. A Tabb Group research piece on how HFT practices are...
View ArticleShould Michael Coscia have been fined, or medicated?
Much hoopla on Monday from the FCA, Britain’s newly-fashioned regulator, as it meted out a $903,176 fine to Michael Coscia, a dirty HFT operator caught manipulating crude oil futures back during the...
View ArticleLibor: Do you get what you pay for? [Updated]
As brands go, the London Interbank Offered Rate – Libor – is right up there with Enron and Lehman Brothers. So it might come as a surprise to the poor souls forced to track the level of Libor on a...
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A right oil hotchpotch
Just a few developments to update oil watchers on. Plus one conspiracy theory. First, John Kemp of Reuters observes on Thursday that gasoline demand is now at multi-year seasonal highs: Continue...
View ArticleOn the ongoing incarceration of Trader Sarao…
For the eighth time in eight weeks, futures day trader Navinder Singh Sarao was driven from London’s Wandsworth prison to appear in court on Tuesday and hear that his latest application to vary his...
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