Thursday, April 25, 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

Active ETFs Grow by Over 20% Annually Since 2019

Strength has been driven by regulatory change, product developments, and market events.

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.

FactSet enhances Portfolio Management Solutions with PM Hub

Solution streamlines portfolio management and integrates with research and trading workflows.

DTCC Comments on Industry’s Affirmation Progress, With T+1 Implementation One Month Away

Improvement in affirmation rates – aided by technology – can reduce the likelihood of trade failure.

SimCorp Introduces New Flagship Platform SimCorp One 

Aim is to address the front-to-back needs of investment managers.

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.

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

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

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

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.

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

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.

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

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.

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.

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.

Banks Navigate UPI Implementation Challenges

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

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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