The Fed was also concerned that the bilateral netting relied on by dealers and interdealer brokers
did not have a solid legal underpinning and might unravel if a firm became insolvent.
M2 EQUITYBITES-August 9, 2016-GreenKey launches design partner program led by interdealer brokers
TELECOMWORLDWIRE-August 9, 2016-GreenKey launches design partner program led by interdealer brokers
Tullett Prebon is one of the world's leading interdealer brokers
and has a presence in 24 countries and 2,700 people across the globe.
DealHub's customers include global banks, regional banks, interdealer brokers
, FX electronic trading venues and asset managers.
But for interdealer brokers
and exchanges, the chop and change in the oil price that has rebounded to around $60 a barrel has been a boon.
It also included sections that revealed (http://www.ibtimes.co.uk/articles/432144/20130206/rbs-libor-fixing-cftc-fsa-doj.htm) RBS collusion with interdealer brokers
and an RBS yen trader engaged in wash trades to compensate brokers.
Prosecutors allege that together with employees from institutions including UBS, Citigroup, Royal Bank of Scotland, Deutsche Bank, JPMorgan Chase, HSBC, Rabobank and interdealer brokers
ICAP, Tullett Prebon and RP Martin, Hayes conspired to defraud.
Four UBS traders did so by colluding with interdealer brokers
, and one UBS trader in particular also colluded directly with individuals at banks on the rates panel.
Maria Johansson, Regional Sales Manager UK and Africa at SuperDerivatives, added: "Our data is sourced from trading desks at close to 100 global and local interdealer brokers
, market makers, exchanges and trading platforms as well as top data aggregators."
The working group will include senior representatives of the two major cleating banks (JP Morgan Chase and The Bank of New York), the Government Securities Clearing Corporation, securities dealers, interdealer brokers
, custodian banks, The Bond Market Association, and the Investment Company Institute.