Wednesday, May 25, 2022

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: The 2022 Markets Choice Awards, in Photos

FLASH FRIDAY: The 2022 Markets Choice Awards, in Photos

A look back at our May 4 event - and a look further back, to the inaugural 2013 MCAs.

FEATURED

Traders Feature

DTCC Identifies Key Systemic Threats for Risk Managers

DTCC’s new white paper highlights interconnectedness risks that pose increased contagion threat.

LATEST NEWS

CEO of the Year: Brad Levy, Symphony

Leader cites curiosity, hard work, and teamwork for the success of the communications infrastructure provider.

CMG Launches the Industry’s First Connected ECM Platform

Over 100 asset managers are now active on CMG XC along with 7 of the world’s largest banks.

Robeco Selects Goldman Sachs Pre-Trade Analytics via Flextrader EMS

The move is designed to optimize the support for Robeco’s best execution obligations.

Prysm Capital Leads $165m Series B in Clear Street

The investment round marks Clear Street’s first venture capital raise since inception.

SEC Charges BNY Mellon Investment Adviser for Misstatements and Omissions Concerning ESG Considerations

BNY Mellon Investment Adviser agreed to pay a $1.5 million penalty.

ECXX Selects OneTick Trade Surveillance

ECXX will benefit from the same technology that traditional exchanges use to meet global regulatory requirements.

ON THE MOVE: Shiva Kumar Joins Piper Sandler;  Finbourne Adds Robert Byrne

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

Tradeweb Introduces Enhanced Functionality for Portfolio Trading

Tradeweb has increased the capacity of its portfolio trading tool to more than 2,000 line items.

Best Risk Management Product: LIST

LIST Chief Product and Marketing Officer Mirko Marcadella discusses the Markets Choice Award.

TECH TUESDAY

TECH TUESDAY: Options Market Technology in Focus

Investment in market infrastructure is needed to support rapid growth in message and trading volumes.

Commentary

Who Pays the SEC’s Bill on Crypto? (Hint: Not Crypto)

Who Pays the SEC’s Bill on Crypto? (Hint: Not Crypto)
STA President shares his thoughts on the SEC’s 2023 proposed budget related to crypto markets.

ON THE MOVE

BUYSIDE

How Close is Crypto to Institutional Adoption?

How Close is Crypto to Institutional Adoption?
Todd Crosland of CoinZoom shares his thoughts on the rise of cryptocurrencies and what it means for the institutional trading market.

Prometheum ATS to Launch in Q3

Prometheum ATS to Launch in Q3
ATS will target institutional traders, and then plans on introducing retail.

Virtu Financial Announces Formation of Consortium to Drive Expansion of RFQ-hub platform

Virtu Financial Announces Formation of Consortium to Drive Expansion of RFQ-hub platform
RFQ-hub consortium aims to create the leading global institutional multi-asset RFQ platform

Finalis Pencils Down Podcast … Listen Up!

Finalis Pencils Down Podcast … Listen Up!
The podcast covers issues in investment banking.

REGULATION

Taming the Crypto Wild West with Trade Surveillance

Greg Tishelman of OneMarketData explains why trade surveillance for Crypto is critical.

Canadian Securities Regulators Authorize Discontinuation of the CDOR

The notices authorize the request by RBSL to cease publication of CDOR after June 28, 2024.

Exchanges Oppose FTX Clearing Proposal Before Congress

CME Group and ICE opposed the proposal from FTX US.

RETAIL REPORT

Whither Options Trading?

OIC kicks off with a high-level state of the market report.

Retail Trading: Down From Peak, But Still Strong

STANY panel observes a "new normal" of at least several percentage points above pre-pandemic levels.

Brokerage

Financial Institutions Have WhatsApp Employee Blind Spot, Says Survey

Only 14% actively carry out effective supervision or surveillance, a poll of almost 100 market participants found.

Hybrid Working Amplified Burnout in Financial Services Employees

One in six respondents state burnout has increased exponentially.

Trading Venue Perimeter: Whose Interest is Being Protected Under ATS Reform?

Regulators should refrain from intervening legitimate private practices, writes Kelvin To of Data Boiler Technologies.

Instinet Positive Change Visionary Award: Shari Noonan

Electronic trading veteran launched Rialto Markets to empower companies to raise capital in private markets.

Diverse Firms Outperform, Research Shows

OIC panel updates on why companies should prioritize DE&I.

Digital Assets

Goldman Sachs and Dawn Capital Co-Invest in Elwood

The firm will use funds to expand product offerings and its global operations.

BNYM, Citi, Wells and Others Join $105M Series B for Talos

Institutional adoption of Digital Assets accelerates.

DFS Urges Crypto Firms to Use Blockchain Analytics

NY state-regulated virtual currency entities encouraged to adopt blockchain analytics tools.

Northern Trust Builds Digital Asset Product Store

Capabilities are going live on a weekly basis.

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