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47 Results from /regulation, "NEX Group"

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Icap sells Traiana stake to banks

Icap has sold a 12% stake in Traiana to a group of seven bank customers in a deal valuing the foreign exchange post-trade processing platform at $300 million.

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EBS test trade causes plunge in Swiss franc

A test trade that accidently sneaked into the live market on the EBS trading system was behind a mysterious plunge in the Swiss franc earlier this week, according to a Dow Jones news report.

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Icap names Deutsche Bank's Price COO

Interdealer broker Icap has appointed Deutsche Bank veteran Mark Price as group chief operating officer.

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Currency players combine to manage 'flash crash' risks

The world's leading foreign exchange dealers and trading platforms are collaborating on an industry-wide initiative to reduce the risk of an algorithmic-led 'flash crash' hitting the global currency markets.

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Icap launches fintech incubation vehicle

Interdealer broker Icap has launched a vehicle to provide seed funding to new companies developing technology for post-trade risk management, data and other financial market applications.

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LCH.Clearnet rejects ICE bid reports

LCH.Clearnet has refuted an unsourced report in UK broadsheet The Guardian that claimed it had rejected a $400 million bid from InterContinentalExchange.

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Icap to launch MTF for interest rate swaps

Inter-dealer broker Icap is to launch an electronic market for trading Euro interest rate swaps, with support from market makers Barclays Capital, Deutsche Bank and JPMorgan.

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Icap shares slump on profit warning; announces acquisition of TriOptima

Shares in Icap slumped Friday morning as the company cut its forecasts and warned that new businesses are struggling to attain profitability. The UK interdealer broker also announced an agreement to acquire the outstanding shares in Swedish post-trade fintech venture TriOptima for an initial EUR109 million in cash.

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Icap pays $25 million SEC penalty to cover fake trading charges

Interdealer broker Icap is to pay $25 million in settlement to the US Securities and Exchange Commission over charges that it displayed fake trades on its screens to encourage customer dealing.

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Icap hires Beeston to spearhead post-trade expansion

In line with its ambitions to expand into the trade processing arena, interdealer broker Icap has appointed Mark Beeston to the newly-created post of business development director for post-trade services.

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Three more banks join CLS/Icap FX joint venture

Bank of America, Credit Suisse and Morgan Stanley have joined four other founder banks in supporting the CLS/Icap joint venture to provide trade aggregation services in the over-the-counter FX market.

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Icap and CLS set up FX post-trade joint venture

Interdealer broker Icap and FX risk reduction network CLS are to create a new joint venture company offering post-trade aggregation services to participants in the over-the-counter currency markets.