A 15% two-day plunge in Chinese shares and a surprise rate cut rattled markets last week as global investors lost confidence in mainland authorities’ ability to manage the inevitable slowdown in the world’s second-biggest economy.
The evolution of electronic derivative trading has continued its stuttering progress in recent months, with swap execution facility volumes barely growing, according to data from Isda last week. However, little further growth can be expected until long-standing structural issues are resolved, market participants say.
Major US stock exchanges and Barclays have won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets to benefit high-frequency traders.
Indonesia said last Thursday it had “sanctioned” JP Morgan after the investment bank recommended smaller exposure to government bonds of South-East Asia’s biggest economy, but did not say what the sanctions entailed.
(Reuters) - Major US stock exchanges and Barclays Plc on Wednesday won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets at their expense to benefit high-frequency traders.