Special Report

Risk Management: Exchanges, Trading and Clearing

From the return of M&A by bullish exchange owners, the prospects for the Hong Kong financial hub and new US contenders, to FX data price wars and post-Brexit wrangles over regulation, clearing and ETFs

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Exchanges M&A returns as holding companies diversify

Bullish owners seek scale and breadth as they ride out Covid-19

How 2020 turmoil will reshape the future of Hong Kong financial hub

Pandemic, protest and paused Ant IPO hit hard but the territory still has a refashioned role

Equivalence row looms over London ETF hub role

Delayed EU decision is raising frustration rather than fear in the City

Friction hampers EU drive to switch clearing from the UK

Eurozone sovereign debt and repo market work has shifted but other targets have met resistance

New exchanges bring ambition to reshape US equity market

Three contenders take on incumbents and aim to amplify industry voice on regulation

Foreign exchange data wars heat up as rivals take on ‘Big Two’

As competition grows and trading volumes fall, do dominant incumbents’ fees still add up?

Dispute brews between EU and currency traders on Mifid reform

FX professionals warn of an exodus of trading from European centres if rules are tightened