It seems as though trading volumes on Swap Execution Facilities, or SEFs, are not what regulators initially anticipated.
Banks identified as systemically important to the global economy face tighter rules on how much business they can do with each other as part of a push to limit the chance a single failure would drag down multiple lenders.
The board members of JPMorgan Chase had a pressing question earlier this week when they met to approve $1 billion in fines: are we done yet? The answer, in short, was no.
Royal Bank of Canada, left out of a banking group that bought the Toronto Stock Exchange last year, is betting a new exchange will take business from Canada’s largest bourse.
Some of Canada’s top financial firms are forming a new stock exchange that will bar high-frequency trading strategies and the maker-taker pricing model.