Monday, May 13, 2024

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: AI and Data Critical to Transforming Asset Management 

FLASH FRIDAY: AI and Data Critical to Transforming Asset Management 

The industry needs to change as costs have been rising faster than revenues.

FEATURED

Traders Feature

Franklin Templeton Collaborates With Microsoft on Personalized Financial AI Platform

New AI platform will be built using Microsoft Azure AI services .

LATEST NEWS

ON THE MOVE: FalconX Hires Jonathan Yam; Tom Holmes to KeyBanc Capital Markets

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

ICE Clear Credit Adds Royal Bank of Canada

ICE Clear Credit clearing solutions offer clearing for more than 500 Single Name and Index CDS instruments.

2024 Markets Choice Awards: The Winners

BlackRock wins Mizuho Corporate Culture; Goldman Sachs and AllianceBernstein take trading desk honors; Kevin Cronin wins Lifetime.

Firms Need to Choose the Right Affirmations Model under a T+1 Timeline

The reporting requirements do not differ between the two affirmation affirmation models.

ACS Holdings/Global Liquidity Partners Completes Coda Markets Acquisition

The acquisition provides clients of all organizations with an expanded menu when addressing their liquidity and routing objectives.

Schwab Helps Investors Cut Through the Noise

The trading desk is focused on innovating for clients in ways that reflect traders’ needs.

Xceptor Now Available in the Microsoft Azure Marketplace

Customers worldwide now gain access to the company's data automation platform.

Miami International Holdings Reports Trading Results for April 2024

YTD Options and Equities Volumes Reach Record Levels while MGEX Futures Volume Jumps 41.5%.

Surveillance Remains Top Priority for Financial Institutions 

It is not easy to select the right system to meet financial institutions unique needs.

TECH TUESDAY

TECH TUESDAY: Trading as Fast as Lightning

Just like in an Olympic race, split seconds matter in trading, Nasdaq's Phil Mackintosh writes.

Commentary

Money Never Sleeps: Why Algos are the Beating Heart of 24/7 Equities

Money Never Sleeps: Why Algos are the Beating Heart of 24/7 Equities
By Sylvain Thieullent, CEO of Horizon Trading Solutions.

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

MFA Comments on Using AI in Derivatives Markets

MFA Comments on Using AI in Derivatives Markets
Industry group recommends being technology-neutral and prioritizing the regulation of market activities, not tools.

Substantive Research Survey Reveals Impact of FCA’s Research Payment Optionality

Substantive Research Survey Reveals Impact of FCA’s Research Payment Optionality
Issue holds implications for North America-based asset managers who trade in London.

Confluence Partners with Northfield

Confluence Partners with Northfield
The partnership aims to provide improved multi-factor risk and performance analysis.

Most Asset Managers Plan To Change Product Strategy

Most Asset Managers Plan To Change Product Strategy
Northern Trust survey study emphasizes data quality in optimizing the development of targeted products.

REGULATION

Ontario Securities Commission Launches New Strategic Plan

The plan covers a six-year period to provide transparency and stability for the OSC’s stakeholders.

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.

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

IntelligentCross Announces Intraday Optimization

The ATS now self-optimizes over 66 million times per day.

Tradeweb Reports April 2024 Total Trading Volume Of $41.9 Trillion

Average daily volume (ADV) for the month was $1.94tn.

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.

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.

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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