The Chicago-headquartered derivatives marketplace says the combination will bring market participants across regulatory jurisdictions into a unified global trading environment
The venture would have ensured the participation of all three firms in a public procurement procedure to become a fixed income consolidated tape provider in the EU or the UK
Rishi Sethi, former communications and marketing director for Rabobank’s UK operations, will join the Association to ensure its regulatory work is showcased to market participants
The combined amount includes US$1 million in restitution to retail customers enrolled in fully paid securities lending programmes and fines of US$1.6 million for the firms’ related supervisory and advertising violations
Sarah Wilson will take on the role of strategic advisor on asset stewardship, where she will also review Global PSSL’s United Nations Pathways Programme