Wednesday, June 12, 2024

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: Sun Belt Stock Exchange, Then and Now 

FLASH FRIDAY: Sun Belt Stock Exchange, Then and Now 

As the Texas Stock Exchange preps its debut, we look back at the story of the Arizona Stock Exchange. 

FEATURED

Traders Feature

BNY Mellon’s Pershing Integrating Platforms for Advisors

Advisors can move more seamlessly between custody and wealth management platforms.

LATEST NEWS

TradeStation Securities Integrates with Bot-Trading Platform Option Circle

The integration allows TradeStation Securities brokerage clients to leverage bot trading from the Option Circle platform.

Cboe Expands Partnership with FTSE Russell

The new initiative builds on the companies' longstanding relationship, aiming to develop new derivatives products.

DTCC, Cboe Clear Europe to Introduce New Clearing Workflow for OTC Cash Equities

On the heels of T+1 in the US, the aim is to boost settlement efficiencies across UK and European markets.

MSCI Announces AI Portfolio Insights

GenAI products aim to enhance risk reporting and financial modeling.

BMLL Selects INQDATA For Data and Analytics Delivery

Companies say partnership will provide faster time-to-insights and reduced total cost of ownership.

LSEG Workspace Now Enhanced by Macabacus’ Productivity Tools

Aim is to enhance deal-making workflows by saving time and reducing errors.

OCC Welcomes Citadel Securities CTO Josh Woods to Board of Directors

Woods has nearly 20 years' experience in finance and technology.

ON THE MOVE: IEX Names John Palmer; Brent Johnson Retires from UBS

The weekly recap of new hires, promotions and job changes in capital markets trading and technology.

Banks to Increase Technology Spending

Two-thirds of banks and advisory firms have technology roadmaps in place, industry report shows.

TECH TUESDAY

TECH TUESDAY: How Trades Speed Between Venues

Data suggests that distance between venues makes liquidity harder to source on sweeps and adds to the costs of trading in fragmented markets.

Commentary

2024 So Far: Recordkeeping Revamps and Regulatory Rigor

2024 So Far: Recordkeeping Revamps and Regulatory Rigor
By Harriet Christie, COO, MirrorWeb

ON THE MOVE

BUYSIDE

DTCC: First Week of T+1 Was a Success

DTCC: First Week of T+1 Was a Success
CEO Frank La Salla says the industry has begun to achieve benefits of accelerated settlement.

Bill Ackman’s Pershing Square Sells $1.05bn Stake

Bill Ackman’s Pershing Square Sells $1.05bn Stake
A 10% equity interest in the hedge fund company was sold to a consortium of strategic investors.

Best in Wealth Management: Park Avenue Securities

Best in Wealth Management: Park Avenue Securities
Broker-dealer/RIA was recognized at the 2024 Market Choice Awards.

Gensler: Statement on Upcoming Implementation of T+1

Gensler: Statement on Upcoming Implementation of T+1
"It will make our market plumbing more resilient, timely, and orderly."

REGULATION

SEC Invites Regulated Entities to Submit Self-Assessments of Diversity Policies and Practices

The self-assessments are voluntary and not part of the SEC’s examination process.
Flash Friday

FLASH FRIDAY: Evaluating Access Fees Proposal

Broker-dealers anticipate another market structure proposal to be adopted soon.

Canada Adopts Final Rules Related to T+1 for Mutual Funds

Regulator clarifies payment dates for transactions and the timeframe for forced redemptions.

RETAIL REPORT

Robinhood to Buy Bitstamp

Retail broker acquires a crypto exchange with retail and institutional customers in the EU, UK, US and Asia.

DriveWealth Announces New Executive Hires Across Product and Operations Teams

Kyla Murphy joins as Chief Product Officer; Lauren Veisz will be Head of Operations.

Brokerage

IOSCO Publishes Final Report on Market Outages

Industry group outlines good practices around areas including outage plans, communication plans, and reopening of trading.

Fenergo Launches AI-Powered Client Lifecycle Management

Aim is to boost efficiency and reduce costs associated with KYC and AML compliance.    

Excellence in Fixed Income: Deirdre Dunn, Citi

Head of Global Rates was recognized at the 2024 Market Choice Awards.

Bloomberg BFIX Introduces First Value T+1 FX Fixing Rates

Banks can use the benchmarks to match or ‘net’ orders to reduce credit impact at scale.

Digital Assets

Financial Market Infrastructures Develop Framework to Advance Adoption of Digital Assets

By 2030, the tokenization of global illiquid assets is projected to be a $16 trillion business opportunity

Ouinex Selects Netdania to Power Crypto Trading Platform

The partnership aims to set a new standard for cryptocurrency trading.

Wholesale Market in Crypto is Just Starting

It will take time to develop a diverse array of market participants and execution protocols.

Cboe Global Markets Realigns Digital Asset Business

Exchange operator will fold digital asset derivatives trading and clearing into existing business lines.

Canadian Securities Regulators Update On Interim Approach To Value-Referenced Crypto Assets

The CSA is extending the April 30 deadline to October 31, 2024.

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