Tuesday, April 16, 2024

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: The Matrix is Everywhere

FLASH FRIDAY: The Matrix is Everywhere

Was Agent Smith correct in saying you should never send a human to do a machine's job?

FEATURED

Traders Feature

2024 Markets Choice Awards Finalists

The event will be held at Central Park Boathouse in New York on May 9.

LATEST NEWS

Schwab Reports First Quarter Results

Active brokerage accounts increased 3% year-over-year to end March at 35.3 million.

Webull Canada Launches Desktop Platform

The platform launch follows the mobile app launch in January.

EquiLend Launches Orbisa Securities Lending Data on Bloomberg Terminal

Bloomberg Terminal users can now subscribe to global securities lending data from the Bloomberg App Portal.

ON THE MOVE: BIDS Trading Hires Brian Hickey; Alex Grinfeld Joins Liquidnet

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

Canadian Investment Regulatory Organization Releases Three-Year Strategic Plan

The Strategic Plan covers the period of April 1, 2024, to March 31, 2027, and has six strategic objectives.

BNY Mellon Teams Up With Accenture

The companies aim to bring the newly developed services to market in the future.

Schwab Introduces Futures, Forex and Portfolio Margin on thinkorswim

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

Interactive Brokers Adds High Touch Prime Brokerage, Outsourced Trading

The service provides dedicated support and resources for US hedge funds.

Quincy Data Distributes the Lowest Latency Market Data Between New Jersey and Toronto-TMX

The QED service is fastest from NYSE/Nasdaq to TMX.

TECH TUESDAY

TECH TUESDAY: Standardization, Automation Needed to Help Voluntary Carbon Markets Scale

Nasdaq survey reveals transparency limitations, market inefficiencies, and infrastructure fragmentation need to be addressed and that registries may lead the way.

Commentary

FX Q&A: Vincent Bonamy, HSBC

FX Q&A: Vincent Bonamy, HSBC
With Vincent Bonamy, HSBC.

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

Brightwell Selects Bloomberg to Streamline Investment Workflow

Brightwell Selects Bloomberg to Streamline Investment Workflow
The use of EMSX and BTCA helps optimize execution and trade analysis.

Investor Demand Trends for Alternative Investment Strategies 

Investor Demand Trends for Alternative Investment Strategies 
By Don Steinbrugge, CFA, Founder and CEO, Agecroft Partners

FX ‘Dead Zones’, CLS Cut-Off Times are T+1 Concerns

FX ‘Dead Zones’, CLS Cut-Off Times are T+1 Concerns
Buy-side firms cited issues around Continuous Linked Settlement (CLS).

Equity Buy Side Trading Desks Focus on TCA

Equity Buy Side Trading Desks Focus on TCA
According to the findings, 83% of the buy-side stresses the importance of quantified TCA.

REGULATION

DTCC Collaborates with REGnosys to Support ISDA Digital Regulatory Reporting

The first phase included testing and support for firms looking to leverage the ISDA DRR for trade reporting requirements.

Keynote Remarks By CFTC Commissioner Kristin N. Johnson At NYU AI Convening

The keynote covers the potential, promise, and limitations of Integrating AI In financial markets.

U.S. Bank Strategies to Minimize the Impact of Basel III Endgame Capital Charges

Banks can take several steps to enhance capital efficiency.

RETAIL REPORT

TradeStation Securities, OptionsPlay Collaborate on Cross-Platform Integration 

TradeStation brokerage clients will be able to trade options directly from the OptionsPlay platform.

Webull Launches Futures Trading

The product will initially focus on futures outrights in a select group of highly liquid futures markets.

Brokerage

TransFICC Launches Automated Customer Trading

The bank provides the customer price and TransACT manages all other aspects of the RFQ negotiation.

Firstrade Launches Fractional Share Trading

New service will allow investors to trade fractional shares of over 4,000 stocks and ETFs.

SEC Charges Advisory Firm Senvest Management with Recordkeeping and Other Failures

Regulator cited failures to maintain and preserve certain electronic communications.

BestEx Research Appoints Anthony Huck Global Head of Business Development

Huck has more than 35 years' experience in portfolio, electronic, and algorithmic trading in equities, futures, and options.

Security Traders Association of Chicago Opens Application Process for College Scholarship  

Program is open to Chicago-area students who are interested in financial services careers. 

Digital Assets

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.

FINRA Publishes Crypto Asset Communications Sweep Update

Findings show potential violations In 70% of materials reviewed.

Spot Bitcoin ETF Trading Volume Exceeds $10bn

However, inflows were just a fraction of trading volume.

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