News
(Waters Technology)($)
TP Icap’s Liquidnet is electronifying one of the last bastions of voice trading in European fixed income: the gray market. Trading ‘in the gray’ refers to the act of buying or selling a bond before it has been formally issued. Portfolio managers have long traded bonds among themselves in the days after an offering has been announced, but before the securities have been issued.
(Bloomberg)($)
The Securities and Exchange Commission is in talks with firms seeking to become central clearinghouses for US Treasuries and derivatives trading under a new agency rule designed to fortify the world’s largest debt market. “Several market participants have reached out to us and want to sort of enter the business,” said Haoxiang Zhu, director of the SEC’s Division of Trading and Markets, in response to a question during a virtual discussion Tuesday organized by the Institute of International Finance.
(Global Trading)
On TradeTech Day One, a panel of trading venues and a lone buy-side trader were asked, ‘How can our industry create an efficient European equities market structure that delivers improved liquidity and alpha opportunities for investors?’, with the gist being Europe needs to become more like the US, in order to reduce the level of market fragmentation and reverse declining equity trading volumes.
(Global Trading)
With managing data complexity a major challenge for today’s traders, there is a broad consensus around the need for better data architecture, enhanced structured and unstructured data management, and real-time data capture and decoding within the industry, as well as the need for smarter ways of handling data and processes. However, key upcoming challenges include how to manage data in the cloud, including the need for a common application programming interface (API) and regulatory compliance
(Investment News)
The banking behemoth is transferring its automated investing business to Betterment as it refocuses on its Wall Street operations.
More News
-
In conversation with… AWS’s John Kain
(The Trade)
-
FMSB Publishes Algo Risk Good Practice Standard
(The Full FX)
-
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
(Waters Technology)($)
-
Fireside Friday with… SIX’s Marion Leslie
(The Trade)
-
A 28-Mil Head Start
(IEX Exchange)
-
DSB says industry is ready to meet UPI mandate ahead of deadline
(Waters Technology)($)
-
Goldman Sachs and JPMorgan are making senior changes to their AI teams
(efinancial careers)
-
FSB sets out NBFI liquidity preparedness proposals
(Best Execution)
-
BNY Mellon deploys Nvidia DGX SuperPOD, identifies hundreds of AI use cases
(Waters Technology)($)
-
State Street exploring acquisition of SocGen’s custody arm, reports say
(Financial News)($)
-
Welcome to the dark side
(Best Execution)
-
The former JPMorgan MDs becoming product executives in fintech
(efinancial careers)
-
SimCorp taps BlackRock for new head of Americas
(The Trade)
-
Citadel Securities technology head resurfaces after 2 years at HFT firm
(efinancial careers)
-
ON THE MOVE: BIDS Trading Hires Brian Hickey; Alex Grinfeld Joins Liquidnet
(Traders Magazine)
-
ESMA: EMIR data quality ‘evolving positively’
(Best Execution)
-
Systematic tools gain favor in fixed income
(Waters Technology)($)
-
No changes to CLSSettlement ahead of T+1
(Best Execution)
Most Commented