Millennium IT claims to have the fastest trading system in the world that can handle trades in 130 microseconds.

The clearinghouses that handle trades in the $615 trillion over-the-counter derivatives market are heavily controlled by big banks.

The clearinghouses that currently handle trades in the $615 trillion over-the-counter derivatives market are heavily controlled by big banks.

ET, will initially handle trades in seven stocks, including Google-parent Alphabet Inc GOOGL.O and Exxon Mobil Corp XOM.N, according to the report.

This team will also be responsible for non-benchmark euro and US dollar deals and handle trades such as dollar FRNs and ECoops.

EU rules put more emphasis on margins posted by banks which are members of clearing houses and handle trades on behalf of clients.

The asset management division may review how it handles trades that involve high risk jurisdictions, the first person said.