News
(Global Trading)
The Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee (TAC) has made five recommendations as to how the CFTC should handle AI responsibily in order to safeguard financial markets.
(Substantive Research)
(Financial Times)
Yield-hungry retail investors piled into highly leveraged US exchange traded funds in April, drawn to volatile markets stoked by uncertainty over the outlook for interest rates. Investors have pushed around $5.2bn into the top 22 leveraged ETFs, which can magnify potential gains and losses, in the year to the end of April, according to VandaTrack, a data company which monitors retail trading flows.
(CoinDesk)
Coinbase notes that both equities and gold have been trading lower since reaching highs in mid-April, against the backdrop of a strengthening dollar. The world’s largest cryptocurrency fell 16% in April, in the biggest monthly decline since June 2022.
“What leaves us optimistic in this pullback is that BTC’s maximum drawdown from peak is at 23%, below its historical range,” analysts David Han and David Duong wrote.
(Financial Times)
A US hedge fund manager has taken the rare step of launching an exchange traded fund in a move that could herald a broader move by the asset class into the booming active ETF market. Tremblant Capital, which was founded by Brett Barakett in 2001 and has roughly $1bn in assets under management, plans to launch the Tremblant Global ETF (TOGA), a concentrated, long-only portfolio with about 40 holdings.
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Multi-asset trading: the ultimate balancing act
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Prop shops recoil from EU’s ‘ill-fitting’ capital regime
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State Street’s SSGA warns investors on additional costs of T+1
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After Kicking Off Mutual-Fund Era, MFS Plans ETF Foray
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ETFs surge to dominant position in US model portfolios
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Interactive Brokers Adds High Touch Prime Brokerage, Outsourced Trading
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This Fund Is Up 124 Percent This Year
(Institutional Investor)
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US active ETF flows soar past previous records
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Macro Stars as Hedge Funds Extend Good Run
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SEC delays decision on spot bitcoin ETF options
(The Block)
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