Thursday, March 28, 2024

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: Sci-Fi Author Dabbles in Futures Markets

FLASH FRIDAY: Sci-Fi Author Dabbles in Futures Markets

Leo Melamed has managed to squeeze in a markets career in between penning interplanetary thrillers.

FEATURED

Traders Feature

The Digital Future Is Here

T. Rowe Price CTO Ramon Richards discusses buy-side technology trends and his firm's capabilities in AI and machine learning.

LATEST NEWS

BlackRock Investor Letter Urges Importance of Secondary Markets

Larry Fink says governments worldwide need to prioritize building robust capital markets.

Capco Announces Jennifer Liu as Capital Markets Lead for Canada 

Industry veteran has experience in risk management, regulatory compliance, and business and product development.

Cboe Global Markets Commemorates 20 Years of Cboe Futures Exchange and VIX Futures Trading

On March 26, 2004, CFE opened for trading, with 449 VIX futures contracts changing hands on the all-electronic exchange.

IMC Trading Invites Top STEM Students to Compete in Global Trading Challenge

Participants will be tasked with a series of challenges designed to mimic real-world trading.

Derivitec Launches in the US

Software vendor provides risk analytics for hedge funds and family offices.

DTCC Comments on Industry’s Affirmation Progress, With T+1 Implementation Two Months Away

Trade affirmations that would make the cutoff time rose only to 74.5% in February, from 73% in January.

Forge Releases Trading System for Private Company Securities

Forge Pro brings together data and order management capabilities in one platform.

ON THE MOVE: Societe Generale Hires Christophe Tummers; Matthew Stanton to HSBC Americas

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

CME E-Mini Options Reach Record Volumes

E-minis for the S&P 500, Nasdaq-100 and Russell 2000 show strong activity in 2024.

TECH TUESDAY

TECH TUESDAY: Gen AI in Focus

Amazon Web Services and Nasdaq execs discuss the emerging technology’s utility in surveillance and other use cases.

Commentary

Should Outsourced Chief Investment Officers (OCIOs) Comply with the New GIPS Standards?

Should Outsourced Chief Investment Officers (OCIOs) Comply with the New GIPS Standards?
By Carl Bacon, CIPM, Chief Advisor at Confluence

Trading reimagined

Technology as Past, Present, and Future Driver of Market Evolution

Technology as Past, Present, and Future Driver of Market Evolution
Infrastructure and technology have enabled long-term improvements in capacity and functionality; what’s the next leg up?

ON THE MOVE

BUYSIDE

Trading Smarter With Algo Wheels

Trading Smarter With Algo Wheels
The algorithmic trading solutions have various benefits, and more buy-side desks are comfortable using them.

Buy-Side Industry Groups Sue SEC to Vacate Dealer Rule

Buy-Side Industry Groups Sue SEC to Vacate Dealer Rule
Alternative managers would lose customer protections and be excluded from IPOs.

Why Institutional Traders are Looking to Private Secondaries

Why Institutional Traders are Looking to Private Secondaries
By Alan Vaksman, Founding Partner, Launchbay Capital

Banks Invest in United Fintech as Digital Transformation Gap Widens

Banks Invest in United Fintech as Digital Transformation Gap Widens
BNP Paribas and Citi are the first institutional investors in the digital transformation platform.

REGULATION

Market Structure Reforms Challenge Broker-Dealers

Following the amendments to Rule 605, the complexity of reporting will increase for all firms.

JPMorgan Chase Fined $250m for Trade Surveillance Failure

The OCC found that JPMC operated with gaps in trading venue coverage and without adequate data controls.

SS&C Unveils T+1 Readiness Scorecard

Tool enables clients to assess where their post-trade settlement processes need work.

RETAIL REPORT

CQG Unveils AI/ML Trading Toolkit for Predicting Futures Market Moves

Success in live trading environment confirms internal test results.

Tradier Unveils Futures Trading

The new offering will provide traders with more choice through an integrated network of popular trading tools.

Brokerage

AI Bubble Debate Hinges on Delivery of More Practical Use Cases

By Oliver Blower, CEO, VoxSmart

Navigating the Transition to T+1 in a Global Market

By Michael Babushkin, CEO, Devexperts

WFEClear: Key Findings on the Future of Clearing

Industry leaders met to share research and exchange ideas on the future of central and bilateral clearing.

BBH Rolls Out Pirum’s Recalls Manager Ahead of T+1

Aim is to reduce securities lending fails and leverage automation and real-time coverage.

Raymond James Names Paul Shoukry President and CEO Successor

Shoukry, currently CFO, will become CEO sometime in fiscal 2025.

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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