Friday, May 3, 2024

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: US Brokerage Consolidation to Continue

FLASH FRIDAY: US Brokerage Consolidation to Continue

Broker-dealer M&A has become more prominent in recent years.

FEATURED

Traders Feature

FX Q&A: Vincent Bonamy, HSBC

With Vincent Bonamy, HSBC.

LATEST NEWS

FinScan Launches Financial Instrument Screening Solution

The solution ensures compliance with the latest regulations.

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.

Announcing the Global Trading AI Sentiment Survey 2024

The new survey aims to size and sort the usage of AI across the industry.

FROM OIC: Options Market Innovation in Focus

Technology disrupts and creates innovation, but not without risk.

Wholesale Market in Crypto is Just Starting

It will take time to develop a diverse array of market participants and execution protocols.

Most Asset Managers Plan To Change Product Strategy

Northern Trust survey study emphasizes data quality in optimizing the development of targeted products.

SIFMA’s Quantum Dawn VII Exercises Industry Preparedness For A Critical Third-Party Outage

Firms are encouraged to seek industry coordination and collaboration during major outages.

Bound Selects Integral Technology

The firm upgraded its Pricing, Risk Management and Analytics Capabilities.

FROM OIC: Buy-Side Perspective on Options 

Forget 0DTEs -- better customization, distribution, and outreach can increase institutional adoption.

TECH TUESDAY

TECH TUESDAY: Takeaways from the Nasdaq Financial Technology Client Conference

Digitalization, innovation, and cloud transformation were discussed, and the event introduced Nasdaq AxiomSL and Nasdaq Calypso.

Commentary

5 Essential Features for Fund Admin Software in 2024 

5 Essential Features for Fund Admin Software in 2024 
By Kevin Fu, CEO and Co-founder, Repool

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

Franklin Templeton Collaborates With Microsoft on Personalized Financial AI Platform

Franklin Templeton Collaborates With Microsoft on Personalized Financial AI Platform
New AI platform will be built using Microsoft Azure AI services .

T. Rowe Price Trading Head Supports Autism Research at Wall Street Rides FAR and Beyond

T. Rowe Price Trading Head Supports Autism Research at Wall Street Rides FAR and Beyond
From his own personal journey, Marc Wyatt pays it forward in supporting an important cause.

Global Spending on Financial Market Data Rises by 12.4% in 2023

Global Spending on Financial Market Data Rises by 12.4% in 2023
Real-time trading and data spending accounted for the largest share of revenue, Burton Taylor report shows.

FactSet enhances Portfolio Management Solutions with PM Hub

FactSet enhances Portfolio Management Solutions with PM Hub
Solution streamlines portfolio management and integrates with research and trading workflows.

REGULATION

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.

RETAIL REPORT

FROM OIC: Options Brokers Look to Education, Existing Client Base for Growth

The next leg up in the options market needs to be built on more than just compressing expiries.

Webull Canada Launches Desktop Platform

The platform launch follows the mobile app launch in January.

Brokerage

FROM OIC: Options Brokers, Tech Providers Need to Evolve With Options Traders

How can the industry be better at meeting buyers and sellers “where they are”?

AccessFintech, BNY Mellon Partner on FX Workflows Ahead of T+1 Settlement 

Aim is to provide clarity on securities trades ‘predicted to settle’ status.

FROM OIC: Options Market Participants, Operators Brace for 2H 2024 Volatility  

A US economy diverging from expectations and a contentious presidential election are among factors to watch.

Clear Street Launches Futures Clearing Services

Latest milestone as Clear Street expands into new asset classes amid industry consolidation.

Sterling to Add Fixed Income Support to Risk & Margin Service

Market participants need tools to effectively manage their risk across all asset classes.

Digital Assets

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.

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.

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