News
(Reuters)
ung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on Wednesday for the start of his criminal trial. Here is a timeline of the fund’s blow up – one of the biggest in years – which left global banks with $10 billion in losses:
(Reuters)
Cboe Global Markets said on Tuesday it has launched a tariff program to attract retail brokers, as bourses, asset managers and banks urge the European Union to improve retail access to the bloc’s capital market to catch up with Wall Street.
The exchange operator said it launched the tariff program last Friday.
(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.
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