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JPMorgan creates credit index trading unit to meet new bond trading demands

JPMorgan Chase is creating a new Global Credit Index group focused on trading credit index products like exchange-traded funds and credit default swaps benchmarks. The bank says the new 12-member group is being formed in response to increasing customer preferences for trading index-based fixed income products instead of individual bonds.

 

Wall Street cites growth potential in record-setting funding for bitcoin firm

A string of Wall Street players from the New York Stock Exchange to BBVA Ventures took part in the $75 million Series C funding for Coinbase, the largest ever funding round for a bitcoin startup. In crossing over from traditional finance to digital currency, the finance players cited reasons ranging from interest in the blockchain to the growth potential of the new asset class to explain their investments.

Data sovereignty, access rights key regulatory issues for cloud services users, provider says

Financial firms of all sizes grapple with the challenge of demonstrating to regulators that they have appropriate controls in place to mitigate risks to their businesses. For financial firms operating from cloud-based platforms, data sovereignty and data access rights are increasingly emerging as key issues of regulatory compliance, one provider says.

Russell Investments, Integral launch buy-side only FX trading platform

Global asset manager Russell Investments has partnered with FX technology company Integral Development Corp. to launch an FX trading platform for buy side firms. Called the Russell FX (RFX) Network, the platform helps buy-side firms internally net trades and externally match trades among the buy-side community.

 

Credit union regulator pays fine for accidental examiner breach

What happens when the regulator causes the data breach? The National Credit Union Administration has agreed to pay $50,000 to cover costs for a lost thumb drive that had been handed over to one of...
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