Tuesday, April 23, 2024

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: Foreign Wars Roil Stock Markets, Then and Now

FLASH FRIDAY: Foreign Wars Roil Stock Markets, Then and Now

Swap out Greece-Ottoman Empire for Iran-Israel, and history repeats itself 127 years later.

FEATURED

Traders Feature

FX Q&A: Vincent Bonamy, HSBC

With Vincent Bonamy, HSBC.

LATEST NEWS

BlackRock’s Executive Highlights Basel III Issues 

The firm has aligned interest with regulators.

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.

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.

ON THE MOVE: Pirium Hires Mark Jennis; Ryan Mitchell to Global Liquidity Partners

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

RQD* Clearing Completes First Activity on Provable Markets Aurora

The collaborations enhance the firm's capacity to offer efficient securities lending.

SEC’s Division of Investment Management to Host Conference on Emerging Trends in Asset Management

Topics will include products and strategies, technology, and regulatory perspectives.

Miami International Holdings Announces Untimely Passing of MGEX CEO Mark Bagan

Bagan began his career at MGEX in 1987 and was appointed President and Chief Executive Officer in 2005.

Changing the Face of Financial Services: Lesley Kelly, Venrock Healthcare Capital Partners

STA Women in Finance Committee spotlights a head trader and US military veteran.

QuantHouse Selects BMLL

Joint offering to empower buy-side trading strategies, accelerate time to insights and time to market.

TECH TUESDAY

Little-Known Tax Benefits Make Nasdaq-100 Index Options One of Markets’ Most Cost-Effective Investments as Well as One of Their Highest-Returning

For all the exotic strategies contributing to the options-trading boom, one of the most effective also happens to be among the simplest.

Commentary

A.I. Risks = Downfall of Humanity  

A.I. Risks = Downfall of Humanity  
By Kelvin To, Founder and President of Data Boiler Technologies.

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

Opening Remarks as Prepared for SIFMA’s Basel III Endgame Roundtable Part II

Opening Remarks as Prepared for SIFMA’s Basel III Endgame Roundtable Part II
Remarks by Joseph Seidel, Chief Operating Officer for SIFMA.

Athena, BTON Financial Launch AI-Powered Solution

Athena, BTON Financial Launch AI-Powered Solution
Traders will be able to select orders in their blotter and specify various parameters.

Banks Navigate UPI Implementation Challenges

Banks Navigate UPI Implementation Challenges
Financial firms need to consider several changes following the UPI implementation.

Canadian Investment Regulatory Organization Releases Three-Year Strategic Plan

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.

REGULATION

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.

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

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

FIA Calls On International Regulators To Continue Progress On Margin Transparency

Proposed recommendations will help reduce liquidity risk during market stress.

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

Schwab Reports First Quarter Results

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

BNY Mellon Teams Up With Accenture

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

Interactive Brokers Adds High Touch Prime Brokerage, Outsourced Trading

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

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

Banks can take several steps to enhance capital efficiency.

TransFICC Launches Automated Customer Trading

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

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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