Sunday, May 19, 2024

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: AI is Nothing New, but the Frenzy is Well-Warranted

FLASH FRIDAY: AI is Nothing New, but the Frenzy is Well-Warranted

Guest author Shai Popat of SIX looks at the past, and considers the future, of artificial intelligence.

FEATURED

Traders Feature

2024 Markets Choice Awards: The Winners

BlackRock wins Mizuho Corporate Culture; Goldman Sachs and AllianceBernstein take trading desk honors; Kevin Cronin wins Lifetime.

LATEST NEWS

Goldman Sachs AM Wins UPS’s $43.4bn OCIO Mandate

It's one of the largest corporate pension outsourced chief investment officer mandates to date.

Nasdaq Enhances Global Market Surveillance with GenAI

Aim is to enhance the quality, speed, and efficiency of market abuse investigations.

OCC Readies Ovation Testing

Industry group is redeveloping and modernizing its management, clearing and data systems.

NYSE Forms Tech Council

Exchange group will focus on thought leadership and best practices in technology.

FIA Backs International Effort To Promote “Effective Practices” For Variation Margin

FIA has urged CCPs to provide more transparency and predictability into intraday margin calls.

Lifetime Achievement: Kevin Cronin

Long-time buy side trader discusses his career, the evolution of the industry, and what's next.

Barclays Bank Goes Live On CLS’s Cross Currency Swaps Service

CLSSettlement – mitigates settlement risk for CCS transactions.

Fixed-Income Markets Poised for an Accelerated Innovation Boom

Fixed income traders are keen to adopt more advanced trading techniques.

Temenos Launches The First Responsible Generative AI Solutions For Core Banking

The technology aims to transform efficiency, operations, and product management.

TECH TUESDAY

TECH TUESDAY: Financial Market Infrastructures Need New Framework to Assess Cloud Total Cost of Ownership

The traditional TCO formula can be inadequate for FMIs in comparing on-premises and cloud costs.

Commentary

Less Than One Month To T+1 trading – Are Firms Prepared?

Less Than One Month To T+1 trading – Are Firms Prepared?
By Dan Miller, Senior Managing Director, Outsourced Middle Office Services at IQ-EQ.

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

Surveillance Remains Top Priority for Financial Institutions 

Surveillance Remains Top Priority for Financial Institutions 
It is not easy to select the right system to meet financial institutions unique needs.

MFA Comments on Using AI in Derivatives Markets

MFA Comments on Using AI in Derivatives Markets
Industry group recommends being technology-neutral and prioritizing the regulation of market activities, not tools.

Substantive Research Survey Reveals Impact of FCA’s Research Payment Optionality

Substantive Research Survey Reveals Impact of FCA’s Research Payment Optionality
Issue holds implications for North America-based asset managers who trade in London.

Confluence Partners with Northfield

Confluence Partners with Northfield
The partnership aims to provide improved multi-factor risk and performance analysis.

REGULATION

Firms Need to Choose the Right Affirmations Model under a T+1 Timeline

The reporting requirements do not differ between the two affirmation affirmation models.

Ontario Securities Commission Launches New Strategic Plan

The plan covers a six-year period to provide transparency and stability for the OSC’s stakeholders.

FIA Cautions CFTC on Regulation of AI

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

RETAIL REPORT

Schwab Helps Investors Cut Through the Noise

The trading desk is focused on innovating for clients in ways that reflect traders’ needs.

Interactive Brokers Launches Daily Options on the CAC 40 Index

The offering cater to growing demand from institutional and retail investors for options with daily expirations.

Brokerage

Broadridge to Buy Kyndryl ‘s Wealth and Capital Markets Tech Platform

SIS solutions include clearing and settlement, account record keeping, tax and regulatory reporting.

ACS Holdings/Global Liquidity Partners Completes Coda Markets Acquisition

The acquisition provides clients of all organizations with an expanded menu when addressing their liquidity and routing objectives.

IntelligentCross Announces Intraday Optimization

The ATS now self-optimizes over 66 million times per day.

Tradeweb Reports April 2024 Total Trading Volume Of $41.9 Trillion

Average daily volume (ADV) for the month was $1.94tn.

FROM OIC: Options Market Innovation in Focus

Technology disrupts and creates innovation, but not without risk.

Digital Assets

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.

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.

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