Broker-dealer
Interdealer rankings 2009: Brokers
The top interdealer brokers remain largely unchanged from last year, despite the unprecedented market conditions. But a push towards central clearing and exchange trading by regulators could lead to a shake-up in the industry. By Alexander Campbell, with…
Agency brokers: Back in vogue
In the old days, before the advent of the all-singing, all-dancing full service investment banks, agency brokers used to represent an important, if niche part of the credit trading business. Now, after a period in the wilderness, these agency brokerages…
In the beginning...
Some aspects of the energy markets are unrecognisable from 1994, while other issues remain remarkably similar. Stella Farrington looks at the landscape of 15 years ago and how it has moved on
Changing landscape
Not a year has passed since Energy Risk's 1994 launch without M&A activity between energy companies, banks or brokers. Roderick Bruce & Pauline McCallion chart the M&A history that forms today's players
Japanese brokers face testing times
Plummeting volumes in Japan's commodity futures markets have forced many Japanese commodity brokerages out of business. Katie Holliday reports
Brokers consider breaking Mifid laws
Daily news headlines
Cantor to merge eSpeed and BGC
New York financial services provider Cantor Fitzgerald has announced that it will combine its electronic brokerage eSpeed, also based in New York, with its BGC Partners inter-dealer broker, to create BGC Partners Inc.
Shake-up for brokers
Broking
SEC approves alternative method of capital measurements for broker-dealers
The Securities and Exchange Commission (SEC) has approved a rule that allows certain broker dealers to use internal models to determine their capital requirements. The Commission believes the rule would improve its oversight of broker-dealers.
SEC rule on broker-dealers must be equivalent to the EU Directive on Financial Conglomerates, says SIA
The Securities Industry Association (SIA) has urged the Securities and Exchange Commission (SEC) and the US Department of Treasury to ensure that the proposed rule on the Alternative Net Capital Requirements for Broker-Dealers that are part of…
SIA defends revenue sharing between broker-dealers and mutual funds
The Securities Industry Association (SIA) has defended revenue sharing, a practice in which a mutual fund adviser pays additional compensation to a broker-dealer or other financial intermediary for additional administrative services, such as marketing…
US brokers spending less than expected on Basel II-related IT infrastructure, says TowerGroup
US brokers will only be spending between $6 million and $8 million on IT infrastructure for Basel II compliance, according to research by TowerGroup, a Massachusetts-based financial services research and advisory firm.
Basel II Accord will reshape global banking, says Mercer Oliver Wyman
The implementation of the new Basel Accord, also called Basel II, will reshape the global banking industry, according to a report to be released this week by Mercer Oliver Wyman, a New York-based financial services strategy and risk management consulting…
SEC produces maverick Basel II framework, redefines op risk
Throughout the Basel Accord revision process, US regulators have had a reputation for going their own way on key issues, and the Securities and Exchange Commission (SEC) is no exception.
SEC publishes its own Basel II framework
The US Securities and Exchange Commission (SEC) has finally posted its proposals for its own Basel II framework for broker-dealers and investment bank holding companies on its website.
The SEC's E-mail Crackdown
Broker-dealers say vague wording in SEC rule 17a-4 will make compliance with the rule unnecessarily costly and burdensome.
Blurring the lines
A turf war between Atlanta’s IntercontinentalExchange and the New York Mercantile Exchange reveals a shift in the traditional role of over-the-counter brokers and exchanges, finds Catherine Lacoursière
