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Clearing house innovation of the year: Nodal Clear

Vertical exchange silos are an oft-maligned feature of the financial markets. Critics argue such models, where an exchange controls both trade execution and clearing, can be anti-competitive and result in higher costs for end-users. Nodal Exchange is proving that vertical integration has plenty of benefits for customers, too. In 2015, …

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Clearing house of the year: LCH

You can’t please all the people all the time, Abe Lincoln once observed. It is fair to say this year’s clearing house of the year, LCH, understands this more than most. The market shocks that followed the UK’s vote to leave the European Union on June 23 – and the …

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Neiman Marcus Bond Pain Points to More Junk Sinkholes

It’s been a bad couple of months for Neiman Marcus. The luxury department store reported plummeting sales and a bigger loss than analysts expected. It then scrapped plans for an initial public offering. Meanwhile, it has a higher amount of debt relative to earnings than its competitors, has a low …

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Debt Limit Divides Trump’s Treasury, Budget Chiefs

The two people President Donald Trump has chosen to manage the federal budget appear to be at odds over how to tackle their first assignment: handling the debt limit. Treasury Secretary nominee Steven Mnuchin and Trump’s choice to head the Office of Management and Budget, Rep. Mick Mulvaney (R-S.C.), face …

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Trump’s Trade Overhaul Threatens Global Supply Chains

Sneaker producers, automakers and retail giants are facing tumult in their international operations as President Donald Trump pushes ahead with a dramatic overhaul of U.S. trade policy. His decision not to join the Trans-Pacific Partnership and pledge to renegotiate the North American Free Trade Agreement are forcing companies to rethink …

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Federal banking agencies fine ServiceLink Holdings $65 million

Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency For release at 4:00 p.m. EST January 24, 2017 Federal Banking Agencies Fine ServiceLink Holdings $65 Million The federal banking agencies today fined ServiceLink Holdings, LLC (ServiceLink Holdings), $65 million for improper actions …

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The Lasting Benefits of Job Rotation

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the “Reprints” link at the top of any article. How to launch a job rotation program that will improve employees’ job satisfaction, strengthen their skill sets, and boost …

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Doubts and ambiguity remain around forex code of conduct

Where now? The variety of ways in which banks disclose practices leaves clients facing a maze of confusion The final version of the principles contained in the Global Code of Conduct (GCC) for foreign exchange markets is unlikely to require dealers to standardise their practices or the level of disclosure …

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U.S. Pulls out of TPP

With the stroke of a pen, President Donald Trump abruptly ended the decades-old U.S. tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that had been promoted by companies including Nike Inc. and Wal-Mart Stores Inc. as well as family farmers and ranchers. “Great …

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Sayonara to Strong-Dollar Policy?

U.S. Treasury Secretary nominee Steven Mnuchin said an “excessively strong dollar” could have a negative short-term effect on the economy. “The strength of the dollar has historically been tied to the strength of the U.S. economy and the faith that investors have in doing business in America,” Mnuchin said in …

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