Wednesday, May 1, 2024

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: US Brokerage Consolidation to Continue

FLASH FRIDAY: US Brokerage Consolidation to Continue

Broker-dealer M&A has become more prominent in recent years.

FEATURED

Traders Feature

FX Q&A: Vincent Bonamy, HSBC

With Vincent Bonamy, HSBC.

LATEST NEWS

Franklin Templeton Collaborates With Microsoft on Personalized Financial AI Platform

Franklin Templeton is working with Microsoft to build an advanced financial AI platform marking a significant step toward transforming the financial services...

AccessFintech, BNY Mellon Partner on FX Workflows Ahead of T+1 Settlement 

Aim is to provide clarity on securities trades ‘predicted to settle’ status.

TMX Group, Clearstream Process First Live Tri-Party Transactions

The service is the first domestic tri-party repo capability within the Canadian market .

FROM OIC: Options Market Participants, Operators Brace for 2H 2024 Volatility  

A US economy diverging from expectations and a contentious presidential election are among factors to watch.

T. Rowe Price Trading Head Supports Autism Research at Wall Street Rides FAR and Beyond

From his own personal journey, Marc Wyatt pays it forward in supporting an important cause.

Clear Street Launches Futures Clearing Services

Latest milestone as Clear Street expands into new asset classes amid industry consolidation.

Options Industry Conference to Cover Industry Growth, Innovation, and Regulation

This year's event will be in Asheville, an up-and-coming city in western North Carolina.

ON THE MOVE: Peter Harrison to Leave Schroders; Liquidnet Gets Jeffrey Crane

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

Global Spending on Financial Market Data Rises by 12.4% in 2023

Real-time trading and data spending accounted for the largest share of revenue, Burton Taylor report shows.

TECH TUESDAY

TECH TUESDAY: Takeaways from the Nasdaq Financial Technology Client Conference

Digitalization, innovation, and cloud transformation were discussed, and the event introduced Nasdaq AxiomSL and Nasdaq Calypso.

Commentary

5 Essential Features for Fund Admin Software in 2024 

5 Essential Features for Fund Admin Software in 2024 
By Kevin Fu, CEO and Co-founder, Repool

Trading reimagined

AI in Financial Services Presents Bifurcation Risk

AI in Financial Services Presents Bifurcation Risk
Treasury report highlights data as a primary challenge for smaller firms’ AI models.

ON THE MOVE

BUYSIDE

FactSet enhances Portfolio Management Solutions with PM Hub

FactSet enhances Portfolio Management Solutions with PM Hub
Solution streamlines portfolio management and integrates with research and trading workflows.

T+1 Compliance Looks Like Uphill Sledding for Businesses that Leave it Too Late

T+1 Compliance Looks Like Uphill Sledding for Businesses that Leave it Too Late
By Katia Falina, Head of Buy-Side Post Trade Product, Bloomberg

SimCorp Introduces New Flagship Platform SimCorp One 

SimCorp Introduces New Flagship Platform SimCorp One 
Aim is to address the front-to-back needs of investment managers.

Liquidnet Elevates Block Trading with the Introduction of SuperBlock™ Initiative

Liquidnet Elevates Block Trading with the Introduction of SuperBlock™ Initiative
New functionality enables traders to participate in very large or illiquid block trades with a single click.

REGULATION

FIA Cautions CFTC on Regulation of AI

Industry group recommends focusing on outcomes and use cases rather than the technology itself. 

SIFMA Statement on FTC Non-Compete Rule

Trade association expresses concern about firms' ability to protect sensitive information.

Investment in Compliance Has Decreased in 2024

SteelEye report cites scrapped projects, constrained budgets, and compliance burnout.

RETAIL REPORT

Webull Canada Launches Desktop Platform

The platform launch follows the mobile app launch in January.

Schwab Introduces Futures, Forex and Portfolio Margin on thinkorswim

Additional capabilities mark a significant expansion for the firm's trading platform.

Brokerage

Sterling to Add Fixed Income Support to Risk & Margin Service

Market participants need tools to effectively manage their risk across all asset classes.

BlackRock Executive Highlights Basel III Issues 

Buy-side firm's Director of Market Structure recently spoke on a SIFMA panel.

Trading Technologies Expands TT Premium Order Types with Multi-Leg Spread Execution Algo

Company says TT Splicer provides industry-first functionality for synthetic multi-leg spread trading.

SEC Issues Second Fee Rate Advisory For Fiscal Year 2024

The rates are determined in accordance with Section 31 of the Securities Exchange Act of 1934.

Banks Navigate UPI Implementation Challenges

Financial firms need to consider several changes following the UPI implementation.

Digital Assets

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.

Archax Partners with Talos

The broker will also integrate its exchange and custody services.

‘No Real Progress’ on Consolidated Supervision of Crypto Intermediaries

Acting Comptroller of the Currency Michael J. Hsu updated an FSB working group last week.

FIX Trading Sets Objectives of Digital Assets Committee

The focus will be on integration and interoperability; regulatory guidance; and the efficient use of DLT and smart contracts.

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