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Managed funds group calls for market reforms
trueManaged Funds Association is calling on federal regulators to consider further structural reforms in equity markets.
TMX names new CEO
trueLou Eccleston was named CEO of TMX Group, operator of the Toronto and Montreal stock exchanges among other Canadian equity, fixed-income and energy trading venues.
Fed: One more month of tapering, funds rate stays low
trueMembers of the Federal Open Market Committee voted to finish tapering their bond-buying program with a final $15 billion in purchases in October.
U.K. to issue bond in renminbi
trueThe U.K. government intends for Britain to become the first Western country to issue a bond in China's currency, the renminbi, said U.K. Chancellor of the Exchequer George Osborne.
Canadian provinces agree to uniform capital markets regulations
trueAn agreement on forming a cooperative capital markets regulatory system was announced this week by Canadian Finance Minister Joe Oliver and ministers of four Canadian provinces.
European Commission names financial supervisory commissioner
trueLord Jonathan Hill of Oareford was named commissioner for financial stability, financial service and capital markets union at the European Commission.
CFTC says it has evidence of price-rigging on ISDAfix benchmark
trueDerivatives regulators told the Justice Department they've found evidence of criminal behavior following an investigation into banks' alleged manipulation of ISDAfix, a benchmark used to set rates for trillions of dollars of financial products.
Draghi calls for almost $1 trillion of stimulus, delays fight over quantitative easing
trueMario Draghi signaled at least €700 billion ($906 billion) of fresh aid for the eurozone's moribund economy and left a fight with Germany over sovereign bond purchases for another day.
ITG plans to start dark pool for bonds under Posit brand
trueInvestment Technology Group, operator of one of the oldest U.S. equity dark pools, is expanding into corporate bonds.
Dark-pool operator IEX Group raises $75 million round of funding
trueIEX Group has completed a $75 million round of funding led by boutique venture capital firm Spark Capital.
SEC announces pilot program to expand tick sizes for small-cap trades
trueThe SEC on Tuesday announced a one-year pilot program to widen minimum tick sizes for small-cap stocks.
Moody's: Market gains lead to positive growth for pure-play managers
trueThe aggregate assets under management of 14 pure-play money managers reviewed by Moody's Investors Service totaled $10.13 trillion as of June 30, up 3.6% from March 31, said Moody's quarterly update.
CFTC appoints new secretary
trueChristopher J. Kirkpatrick was named secretary of the Commodity Futures Trading Commission.
Yellen facing hard call on when labor market has healed
trueFederal Reserve Chairwoman Janet Yellen said she still isn't satisfied with the U.S. labor market. Deciding when she is won't be easy.
High-speed traders enlist former CFTC commissioner to improve image
trueFormer U.S. Commodity Futures Trading Commission member Bart Chilton, an outspoken critic of some high-speed trading practices while at the agency, has been enlisted in a Washington-based effort to improve the image of an industry beset by regulatory and legislative scrutiny.