Friday, August 12, 2022

FLASH FRIDAY

Flash Friday
FLASH FRIDAY: Catching (Up With) John Myles

FLASH FRIDAY: Catching (Up With) John Myles

Veteran buy-side trader still has a fastball and is working on off-speed stuff to extend his career.

FEATURED

Traders Feature

Buy Side Urged to Prepare for Libor End-Date

USD LIBOR will continue to be published until June 30, 2023.

LATEST NEWS

Interactive Brokers Expands Cryptocurrency Trading

New features include 24/7 trading and additional coins.

SEC Proposes to Enhance Private Fund Reporting

MFA says proposal will impair managers' ability to deliver for investors.

$18 Trillion Wiped Off Global Markets in 1H 2022

World Federation of Exchanges report sheds light on “period of extreme uncertainty”.

Little Consensus on Impact of More Clearing in US Treasuries

ISDA survey shows variety of views on whether increased clearing would improve resilience and efficiency.

CME Volatility Indexes Stream in Real-Time

CVOL enables investors to keep an up-to-the-minute pulse on risk signals.

SEC Proposes New Rules for CCPs

If adopted, the proposal would enhance governance standards.

U.S. Congress Swamped With Crypto Legislation

Crypto market development will be influenced by the speed, harmonization and prudence of regulation.

MEMX Gains SEC Approval to Trade Options

U.S. options exchange MEMX Options is meant to launch in 2023.

Technology Drives Effectiveness, Retention

More everyday tasks can be automated, alternative investment management industry report says.

TECH TUESDAY

TECH TUESDAY: Crypto Gaining Acceptance

Regulatory development and institutional buy-in are market tailwinds.

Commentary

Hey Intern, I’m Not Lonely

Hey Intern, I’m Not Lonely
Be wary of making final career decisions based on internship experiences, Jim Toes of STA writes.

ON THE MOVE

BUYSIDE

Blackrock’s Aladdin Connects to Coinbase Prime

Blackrock’s Aladdin Connects to Coinbase Prime
Institutions can manage their bitcoin holdings in existing portfolio management and trading workflows.

DTCC’s Margin Transit Utility Connects to All Major Triparty Agents

DTCC’s Margin Transit Utility Connects to All Major Triparty Agents
MTU enables users to efficiently enrich, settle, monitor and report matched collateral calls.

SIFMA, ICI, DTCC Publish T+1 Implementation Playbook

SIFMA, ICI, DTCC Publish T+1 Implementation Playbook
Resource provides guidance around activities, timelines, dependencies and risks associated with T+1 settlement.

BestEx Research Adds No-Code Algorithmic Trading Tool

BestEx Research Adds No-Code Algorithmic Trading Tool
Strategy Studio allows brokers to create their own execution platforms.

REGULATION

Why Wait for Tick Size Reform? Come on, the Clock is “Ticking”

Reducing the tick size on tick-constrained stocks would generate savings for retail investors, Jeff Bacidore writes.

Crypto Industry Welcomes Potential CFTC Regulation

US Senators have proposed giving the CFTC authority to regulate digital commodities.

IEX Welcomes Ruling on SEC D-Limit Order Approval

The ruling could lead to further market structure innovation.

RETAIL REPORT

CME Crypto Contracts Benefit from Volatility

In May CME Ether futures had the highest volumes since launch.

SEC Launches Game Show-Themed Public Service Campaign

The campaign features a 30-second TV spot, 15-second informational videos on crypto assets, margin calls, and guaranteed returns.

Brokerage

Diversification in Clearing: Reaping Benefits, Controlling Risk

Crypto derivatives need central clearing to become a major asset class, Jose Manuel Ortiz of SIX writes.

Clearstream, Pirum Offer Collateral Interoperability

Clients can automate the calculation, matching, submission and validation of collateral requirements.

Bridges to Develop Between Traditional, Digital Assets 

FIX is due to launch standards for the digital asset space.

Robinhood Reduces Staff by 23%

CEO Vlad Tenev cites a challenging macro environment, including high inflation and a crypto market crash.

CME Accepts US Treasury ETFs as Collateral

Addition gives clearing members and their clients more flexibility and efficiency in managing collateral costs.

Digital Assets

BNPP Securities Services to Develop Digital Asset Custody

Bank taps Fireblocks and METACO to help clients issue, transfer and safe-keep regulated digital assets.

Schroders Invests in Digital Assets

Buy-side firm buys strategic stake in Forteus, an asset manager focused on blockchain and digital assets.

Interoperability Comes to the Fore in Digital Assets

Institutions do not want to navigate multiple vertical silos and blockchains.

Fed Vice Chair Lael Brainard on Crypto-Assets and DeFi

She emphasizes ensuring that the regulatory perimeter encompasses crypto finance.

Grayscale Appoints Virtu and Jane Street as ETF APs

Asset manager anticipates an SEC decision on converting its fund to a spot bitcoin ETF by early July.

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