Competition among nine U.S. options exchanges following regulatory changes aimed at saving money for investors is causing some of the biggest participants to reduce their trading, a Tabb Group LLC report said.
Dealerweb , the inter-dealer broker owned by Wall Street’s largest banks that took a type of mortgage trading away from ICAP Plc last year, plans to offer electronic trading of U.S. Treasury bills within two months.
Increasing use of options by asset managers may help boost U.S. equity derivatives volume about 8 percent to 4.2 billion contracts this year for a ninth straight annual record, according to research firm Tabb Group LLC.
Instinet Inc. has begun using its dark pool, or private trading venue that helps investors buy or sell large blocks of securities, to help transact U.S. options orders for institutional clients such as mutual funds.
When a Brookfield Investment Management Inc. analyst saw bonds of Accuride Corp., the wheel manufacturer in Evansville, Indiana, at 94 cents on the dollar in December, he decided it was time to buy. The problem was the price wasn’t real. The debt was only available at 104 cents.