Risk1h
Crossed signals: row over collusion pits scholars against traders
The bombshell claims were published last month in a paper titled ‘Anonymity, signalling and collusion in limit order books’, ...
Risk10h
Hedge funds could look to bypass UST clearing mandate
New paper argues that repo users might relocate offshore or use other means to avoid US Treasury clearing dragnet ...
Risk10h
UBS’s FCM allocates record-low own funds relative to client margin
In November, UBS Securities reported the lowest targeted residual interest (TRI) – the minimum amount of own funds futures ...
Risk21h
EU bond-futures basis flip spells curtains for netting
There has long been a cross-Atlantic balance to the government bond versus futures basis trade, with the US version requiring selling futures and the European version doing the opposite. But dealers ...
Risk22h
US MMFs clear record one-third of repos via FICC
US money market funds (MMFs) accessed the Fixed Income Clearing Corporation (FICC) to clear a record 33% of their repo investments as of end-2024, the culmination of a pivot in the latter half of the ...