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OTC markets

  • Monday, 23 September, 2024
    BGC Partners Inc
    BGC’s Howard Lutnick takes on CME with interest rate futures debut

    Bank of England’s credibility under fire from Chicago in battle with New York

    Howard Lutnick alongside Donald Trump
  • Thursday, 21 March, 2024
    LexTP ICAP
    Brexit isn’t working for this City broker Premium content

    A spin-off of data division Parameta might make sense for company whose core brokerage services are under pressure

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  • Friday, 14 July, 2023
    Quant investing
    Quant funds move into unfettered pink sheet stock trading

    Computer-driven hedge funds and proprietary traders attracted by off-exchange market’s improved liquidity

    A Bed Bath & Beyond store in San Francisco, California
  • Tuesday, 11 July, 2023
    News in-depthCryptocurrencies
    Hong Kong’s crypto grey zones lure Chinese visitors

    The city has tightened online regulation but physical stores have less oversight

    A sticker advertising Dogecoin on a cryptocurrency ATM at a laundromat in Hong Kong, China
  • Tuesday, 16 May, 2023
    Derivatives
    US grabs majority of euro swaps trading after Brexit rift

    European traders turn to New York during March market jitters

    The Bank of England in the City of London
  • Tuesday, 10 January, 2023
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    Review urges LME to toughen standards on market distortions

    Independent report criticises exchange for lack of circuit breakers in March nickel crisis

    A worker mans a furnace during the nickel smelting process at Indonesian mining company PT Vale’s smelting plant in Soroako, South Sulawesi
  • Thursday, 27 October, 2022
    Bank for International Settlements
    London’s hold on global currency market weakens, BIS survey shows

    UK capital remains the most important hub for global interest rate derivatives trading

    A man walks by the plaque for the Bank for International Settlements
  • Monday, 27 June, 2022
    News in-depthSouthwest Airlines Co
    ‘We will humble them’: four fuel traders took on Wall Street and saved $1.2bn

    Few airlines hedge against surging oil prices but Southwest’s small team has shown the benefit

    Southwest Airlines jet descends towards an airport
  • Wednesday, 23 February, 2022
    Retail trading
    Traders leave US penny stocks in sign speculative fever is cooling

    Volume on over-the-counter market was 70% below last February’s all-time high

  • Wednesday, 15 December, 2021
    US financial regulation
    SEC proposes greater transparency for swaps at centre of Archegos collapse

    US regulator weighs additional disclosures for security-based swaps as well as new rules for money market funds

  • Tuesday, 2 November, 2021
    Avis Budget Group Inc
    New York hedge fund stands to make over $5bn on Avis Budget share surge

    SRS Investment Management holds 27.7 per cent stake in car rental company

  • Tuesday, 18 May, 2021
    Special ReportExchanges, Trading and Clearing: The New Landscape
    Brexit rift pushes swaps market trading out of London

    New York and Amsterdam are the main beneficiaries of UK-EU divide on regulation

    New York has been a big winner as swaps moved from the UK in the first quarter
  • Thursday, 25 March, 2021
    Renewable energy
    Financing for Texas wind power in disarray after winter storm

    Debacle calls into question ‘tax equity’ funding favoured by investors from Warren Buffett to JPMorgan Chase

  • Thursday, 11 February, 2021
    London fights for its future
    Fresh blow for London as euro derivatives trading floods out

    Share of euro-denominated swaps market tumbles from 40% in July to 10% last month

  • Monday, 25 January, 2021
    LexFinancial services
    TP ICAP/Brexit: broker Britain Premium content

    The interdealer broker must say ‘au revoir’ to some of its EU clients

  • Thursday, 21 January, 2021
    London fights for its future
    US emerges as early winner of shift in derivatives trading from London

    Netherlands also picks up business as Brexit pushes dealing away from UK

  • Thursday, 14 January, 2021
    Credit default swaps
    Europcar debt investors left empty-handed after CDS ‘squeeze’

    Derivatives designed to insure against default prove worthless

    Europcar defaulted on its debt as part of a financial restructuring struck at the end of last year
  • Thursday, 7 January, 2021
    TP ICAP
    TP ICAP seeks rights issue to pay for $575m Liquidnet purchase

    Interdealer broker intends to boost its revenue growth and margins with acquisition

  • Saturday, 12 December, 2020
    FT CollectionsData rich: the numbers behind corporate news
    How exchange operators have grown bigger and bigger

    A handful of groups are pushing beyond operating exchanges into financial data and analytics

    Montage of London Stock Exchange logo and chart
  • Tuesday, 1 December, 2020
    Clearing & Settlement
    Friction hampers EU drive to switch clearing from the UK

    Eurozone sovereign debt and repo market work has shifted but other targets have met resistance

    Change call: Mairead McGuiness
  • Tuesday, 24 November, 2020
    Brexit
    City of London makes late scramble to limit Brexit disruption

    Companies and regulators adapt despite lack of clarity on post-December market access

    View of the Paris business district
  • Monday, 23 November, 2020
    UK financial regulation
    Forex broker TFS-ICAP fined £3.4m for misleading clients

    FCA imposes penalty for encouraging trading with fake reports over 7-year period

  • Monday, 16 November, 2020
    EU financial regulation
    EU regulators seek solution to post-Brexit derivatives rule clash

    Overlapping requirements risk leaving banks having to trade on other continents

  • Monday, 9 November, 2020
    TP ICAP
    TP ICAP cautions on flat revenue growth as trading dries up

    Statement comes as UK interdealer broker seeks to convince investors to back $425m rights issue

    Pedestrians walk past the TP ICAP and NEX Group offices on Broadgate Circle in London
  • Friday, 6 November, 2020
    London Stock Exchange Group
    LSE and Refinitiv make commitments on trading to secure EU approval for deal

    London Stock Exchange also offers to strengthen governance and oversight

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