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  • O'Malia signs off with warnings to correct roadblocks to liquidity

    Last week, the Commodity Futures Trading Commission's soon departing commissioner Scott O'Malia gave a frank assessment of the obstacles to robust liquidity that the newly electronic swaps market faces. Speaking to an audience of financial lawyers, he warned about fracturing of liquidity between US and non-US markets, and the lowered liquidity in some commodities markets that is making hedging costly.

     

Firms increasingly tap big data analytics for a macro view over potential insider trading or fraud

For years now, the purchase of large quantities of stock right before an event that makes the stock price rise--or the reverse, the sale or shorting of a stock right before a plunge--has triggered alarms among regulators and firms alike. While situations like those focus on a specific event, in the current regulatory environment, firms are increasingly casting a wider net.

Investor sues the silver bullion banks for benchmark manipulation

An investor has filed suit against the three firms that set the price of silver, accusing them of manipulation. The lawsuit, filed in the US District Court in the Southern District of New York, is noteworthy because similar accusations have been levied in the gold market and the process by which commodities prices are set has increasingly come under scrutiny.

In fintech, Silicon Valley faces growing competition from New York and London

Two separate reports this summer indicate that when it comes to financial technology, Silicon Valley either has been or is about to be surpassed as the world's leader. Deals and investments in...

Credit Suisse to move more rates, FX trading to electronic platform and exit commodities

Credit Suisse announced it will move more of its foreign exchange and rates trading to its electronic platform as a way of trimming expenses. The firm also announced its plans to exit commodities as it posted a large quarterly loss, which was attributed mainly to its payment of the U.S. tax evasion settlement.

BATS president O'Brien departs firm

BATS Global Markets, the second largest exchange operator in the US, has announced that its president, William O'Brien, has left the company. CEO Joseph Ratterman will now take on the president's duties, returning to the dual role of president and CEO that he held before the BATS merger with Direct Edge earlier this year.

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Low interest rates discourage companies from efforts to improve working capital management.

FierceCFO

In the U.S., $3.78 trillion of corporate debt is due to mature in the next five years, S&P reports. Higher-yield companies may want to guard against surprises by refinancing while the getting is good, the rating agency suggests.

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