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Both traditional and digital exchanges are offering crypto futures trading, as professional investors show a preference for derivatives. Plus: the EU seeks to unify its fragmented trading venues using live databases, known as a ‘consolidated tape’
Cryptocurrency exchange would replace intermediaries with automated risk management
Value of unsettled transactions has doubled since invasion of Ukraine in February and imposition of sanctions
Deal paves way for financial institutions to approve and settle digital securities trades using a distributed ledger
BoE governor sees no need for time limit to temporary extensions on intermediary rules
Brussels to begin consultation on ways of making bloc an attractive destination for clearing
Risks of shifting business to bloc outweigh benefits, Esma concludes
Trading and clearing may be flowing across the water but investors prefer companies to stay in Britain
Investment is essential in order to keep up with cyber attacks and competing technologies
European Commission seeks to avoid ‘cliff edge’ that could have posed risk to financial stability
Exchanges group activates break clause 6 years early as it tilts operations away from London
Financial services commissioner says there will be no ‘sudden twists and turns’ over licence
Banks and investors have warned over impact of ‘buy-in’ regime for trade slip-ups
A negotiation that largely ignored financial services has given way to an unhappy stalemate
Banks and asset managers warn of ‘major’ market disruption when licence expires next year
Systemic problems around the use of collateral in trading remain
Glitch in key part of market infrastructure caused central bank to push back bond sale
Exchanges chase data deals; London claws back losses to Amsterdam; taking trading tech into new markets
Cost of trading derivatives likely to be critical factor if current arrangement expires
Regulation of swaps used by Bill Hwang was pushed back once again by Covid
It’s easy to be profitable if your real unique selling point is being a beneficiary of regulatory arbitrage.
Instinet and Credit Suisse skip main US clearing house and settle deals on digital ledger
Transfer to Brussels of securities deposits follows shift of share trading away from UK
Former BoE deputy governor Paul Tucker urges greater scrutiny of clearers and brokers
Andrew Bailey says tensions will escalate if banks are forced to cut ties with City
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