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JPMorgan is reportedly planning to shut its proprietary desks this month and has given notice to an estimated 20 traders that their jobs will be eliminated.
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CME Group has appointed Alexander Rozenberg as managing director for over-the-counter risk for CME Clearing.
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Deutsche Bank has enhanced its AutobahnFX trading platform to include its first fx options order service.
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CBOE Holdings has announced that it will launch its all-electronic C2 Options Exchange in late October. CBOE said the new exchange will use a "maker-taker" fee schedule and a modified price/time matching algorithm for multiple-listed classes.
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The Mortgage Bankers Association has criticized proposed changes in Generally Accepted Accounting Principles by the Financial Accounting Standards Board that would impact derivatives and hedging activities.
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Royal Bank of Scotland has hired Matthew Shuman as a director in its fixed-income, currencies and commodities prime brokerage team in the Americas.
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JPMorgan Chase has named Ray Eyles as head of its commodities business in Asia, succeeding the retiring Oral Dawe.
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The Securities & Exchange Board of India has lifted a ban on some trading by Barclays Bank after the firm took steps to ensure correct reporting of trading activity.
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LCH.Clearnet has announced plans to eliminate clearing fees for its most active members and sharply lower them for others.
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Banks in Europe would face fines for failing to report details of any over-the-counter derivatives under proposals by the European Commission.