NEW YORK (Reuters) - Asset managers have been slow to set up accounts with clearing houses for over-the-counter derivatives ahead of a mandatory deadline, creating a nearly unmanageable backlog that could leave many firms unable to trade, industry participants said. Full story
(Reuters) - U.S. futures regulators are looking into whether high-speed traders indulged in "wash trading," a strategy in which they improperly buy and sell futures contracts without taking a position in the market, the Wall Street Journal reported, citing people familiar with the probes. Full story
NEW YORK/SINGAPORE (Reuters) - IntercontinentalExchange Inc <ICE.N> may struggle to wrest much business from Asian rival Singapore Exchange <SGXL.SI> as U.S.-based ICE embarks on its latest push into the lucrative, 115-million-tonne market for iron ore swaps. Full story
MIAMI BEACH, Florida (Reuters) - IntercontinentalExchange Inc <ICE.N> has received inquiries from rivals interested in buying NYSE Euronext's <NYX.N> European stock exchanges once ICE completes its planned purchase of the New York-based exchange operator, ICE's chief executive said on Mo Full story
CNBC's David Faber reports the NYSE sought a proposal from Warren Buffett's Berkshire Hathaway as an alternative to the ICE merger. Berkshire, however, did not match the ICE bid.