Wednesday, June 7, 2023

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: Three-Way 50th Birthday Party?

FLASH FRIDAY: Three-Way 50th Birthday Party?

Cboe, DTCC and OCC all hit the half-century mark this year.

FEATURED

Traders Feature

COO of the Year: John Palazzo, IntelligentCross

IntelligentCross's COO talks about his career and disruptive technologies.

LATEST NEWS

CFTC Approves Cboe Clear for Margined Digital Asset Futures

Regulator authorizes Cboe to expand its clearing of futures contracts on crypto assets.

Citi Chooses NetDania for Charting and Data Visualisation

The Velocity 3.0 operating system was built to enable an ecosystem of partnerships.

SEC Charges Coinbase as an Unregistered Securities Exchange

Regulator says Coinbase "has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities."

Financial Services Industry Urges SEC to Strengthen Cybersecurity Practices

SIFMA and three bank industry groups request more harmonization, simplicity, and flexibility in rules.

Best in Derivatives: Mizuho Americas

Head of Derivatives Solutions at Mizuho Americas shares the Bank's approach to execution.

US Digital Asset Market Structure Legislation Proposed

House discussion draft aims to close existing authority gaps between the CFTC and SEC.

Cboe Launches New Global Listing Offering

Cboe Global Listings focuses on growth companies and asset managers committed to innovation.

ON THE MOVE: Fiona Bassett Joins FTSE Russell; Piper Sandler Gets Two MDs

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

OCC Clears 949.1M Contracts in May 2023, Third Highest Month on Record

Year-to-date average daily volume increased 6.6% to 44.5 million contracts.

TECH TUESDAY

TECH TUESDAY: Correspondent Clearing Firms Prioritize Risk Management

Higher volumes and volatility underscore the need to mitigate settlement risk.

Commentary

Is Cost Analysis Really Fit for Sterling’s Longer-Term Trading Outlook? 

Is Cost Analysis Really Fit for Sterling’s Longer-Term Trading Outlook? 
By Daniel Chambers, Head of Data and Analytics at BidFX (an SGX company)

ON THE MOVE

BUYSIDE

Excellence in Equities Trading: Michael Warlan, Third Avenue Management

Excellence in Equities Trading: Michael Warlan, Third Avenue Management
Head of Global Trading speaks about buy-side equity trading trends.

Franklin Templeton to Acquire Putnam Investments

Franklin Templeton to Acquire Putnam Investments
Founded in 1937, Putnam is a global asset management firm with $136 billion in AUM.

Excellence in Equities Trading: Darrin Sokol, Lazard Asset Management

Excellence in Equities Trading: Darrin Sokol, Lazard Asset Management
Veteran buy-side trader cites Leon Cooperman as a strong career influence.

Lack of Transparency in IS Algos Increases Costs and Execution Risk

Lack of Transparency in IS Algos Increases Costs and Execution Risk
The algos to address implementation shortfall are highly opaque and inflexible.

REGULATION

SEC Statement on Passing of Former Chairman Harvey Pitt

Pitt oversaw the SEC’s response to the September 11th attacks.

SIFMA Statement on HFSC Vote to Extend MiFID II No-Action Relief

Industry group says without an extension, buy-side firms will lose access to important research services.

The Difficulty of Implementing Revolutionary Changes

By Laurence Hamilton, Chief Commercial Officer, Consilient

RETAIL REPORT

Schwab Makes Digital Trading Enhancements

New tools include SnapTicket and streaming market data.

Binance Launches AI-Driven Education Tool

The platform aims to transform how users explore and interact with educational content.

Brokerage

Staying On the Cutting Edge Is a Challenge For Broker-Dealers

Many brokerage firms don't have the right technology, according to Velocity Clearing.

Best in Corporate Culture: Mizuho Americas

Chief Human Resources Officer at Mizuho Americas reveals why the bank invests so much in its corporate culture.

CFTC Warns on Expansion of Clearing Digital Assets

Regulator reminds firms to be vigilant when adding business lines, changing business models, or offering new products.

J.P. Morgan AM, Clearwater Analytics Integrate Platforms

Joint solution will better enable a global, connected view of investment portfolios.

One-Year Countdown Until T+1 Standard Settlement Cycle Goes Live

Canadian capital markets group head says the change "is the most complicated in cross-capital-markets history."

Digital Assets

LMAX Digital, Zodia Custody to Provide Infrastructure and Custody for CoinShares

The separation of exchange execution from custody, clearing and settlement functions is at the forefront of customer demands.

AIMA Publishes New Guide on Digital Asset Trading

The guide highlight some key enterprise risks and due diligence considerations.

Enclave Markets Launches Spot Trading Platform

New platform will have the performance of a centralized exchange with protections of a decentralized platform

GCEX Extends Partnership with Komainu

The partnership enables GCEX to offer staking services to its clients.

Bosonic Approved as Broker-Dealer & ATS for Digital Assets

The ATS plans to commence operations in May 2023.

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