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Largest Broker TP ICAP Will Launch Crypto Exchange With Fidelity, Standard Chartered
Tuesday, June 29, 2021 - 9:27am | 371Read More...What Happened: The world’s largest interdealer broker TP ICAP Group PLC (LON: TCAP), plans to launch a digital asset exchange after partnering with Standard Chartered PLC (LON: STAN) and Fidelity Investments. According to a report from Reuters, the platform will allow...
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Banks Prepare For 'Big Bang' Switch From LIBOR
Friday, October 16, 2020 - 7:29am | 398Read More...The debt markets and derivates segments are gearing up for an enormous change called the “Big Bang,” i.e. switching over from the old interest rate benchmark -- the London Interbank Offered Rate (LIBOR) to the new Secured Overnight Financing Rate (SOFR), reports Bloomberg. The new...
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How Dealer Profitability Will Improve, Not Shrink, Under New Derivatives Regulation
Thursday, November 17, 2011 - 1:44pm | 931Read More...By Satyajit Das The key element of derivative market reform is a central clearinghouse, the central counter party ("CCP"). Standardized derivative transactions must be cleared through the CCP that guarantees performance, reducing the risk of market participants defaulting on obligations. The CCP...
