FCA details CTP tender process
The FCA has outlined its next steps in the consolidated tape provider (CTP) selection process, from initial applications to final authorisation.
Applications must be submitted...
BlackRock loses senior market structure team as Winnike departs
BlackRock has lost its second senior market structure specialist in a few weeks as Michael Winnike, director, market structure at BlackRock, left the firm...
MAS fines JP Morgan over fee misconduct
The Monetary Authority of Singapore (MAS) has fined JP Morgan S2.4 million (US$1.79 million) over relationship manager misconduct, which resulted in clients being overcharged.
For...
ESMA clarifies CTP exclusion criteria documents
ESMA has clarified the documents that firms bidding to be consolidated tape providers (CTP) must provide during the application process.
In the first stage of...
LTX and TransFICC partner for enhanced onboarding
Broadridge’s fixed income trading platform LTX has partnered with e-trading technology provider TransFICC to improve the venue onboarding process.
Through the partnership, corporate bond dealers...
SEC: Leech charged with cherry picking trades for WAMCO funds
The SEC has charged Ken Leech with fraud. The bond trader was former co-chief investment officer at Western Asset Management (WAMCO), which holds US$336.1...
Falsified trades prompt Macquarie FCA fine
The FCA has fined Macquarie Bank’s London branch £13 million over poor systems and controls after non-existent recorded trades cost the firm approximately US$57.8...
Oppenheimer veteran joins Dinosaur Financial
Dinosaur Financial Group has appointed Robert Rahman as global head of credit within its newly-launched global corporate credit securities (GCCS) division.
GCCS aims to be...
SEC rule defining all market makers as ‘dealers’ thrown out
The US Securities and Exchange Commission (SEC) has had its rule, that would have defined electronic market makers as ‘dealers’, vacated in case tried...
Gensler confirmed to depart SEC
The Securities and Exchange Commission has announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on...
