News
(The Desk)
Automation has historically been highly challenging in corporate bond markets for several reasons, but traders say some parts of the workflow ‘ought’ to be automated by now within buy-side firms.
(Global Trading)
The London Stock Exchange Group has finally come out with a stance on the consolidated tape, an issue on which it has hitherto remained cautious. A new statement released today by head of market structure Jessica Morrison urges an “accurate post-trade tape” but says that “a robust use case” for including pre-trade data is lacking.
(Bloomberg)($)
The up-and-comers of Wall Street gathered not around an open bar, but tables with chess boards. Traders and quants from Goldman Sachs Group Inc., Jane Street and Bank of Montreal were among those congregating at the headquarters of IEX Group Inc. to compete in a bi-annual chess tournament. ClearBridge Investments and WorldQuant were represented, too.
(IEX Exchange)
In this recent Chart of the Month from IEX, the data shows that D-Limit’s unique features allow brokers to achieve an average of 28 mils of pre-trade price improvement per share, compared to 0 at all other exchanges, writes Sam Stevens, IEX’s Head of Business Analytics.
(CoinDesk)
Blockchain-powered secondary markets can help expand the reach of tokenized assets, analysts at Moody’s Investors Service said in a report published Thursday. Tokenization is the representation of real-world assets on a blockchain, and financial institutions worldwide are exploring how it can improve the efficiency, cost and reach of financial markets.
More News
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DSB says industry is ready to meet UPI mandate ahead of deadline
(Waters Technology)($)
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Goldman Sachs and JPMorgan are making senior changes to their AI teams
(efinancial careers)
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FSB sets out NBFI liquidity preparedness proposals
(Best Execution)
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BNY Mellon deploys Nvidia DGX SuperPOD, identifies hundreds of AI use cases
(Waters Technology)($)
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State Street exploring acquisition of SocGen’s custody arm, reports say
(Financial News)($)
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Welcome to the dark side
(Best Execution)
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The former JPMorgan MDs becoming product executives in fintech
(efinancial careers)
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SimCorp taps BlackRock for new head of Americas
(The Trade)
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Citadel Securities technology head resurfaces after 2 years at HFT firm
(efinancial careers)
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ON THE MOVE: BIDS Trading Hires Brian Hickey; Alex Grinfeld Joins Liquidnet
(Traders Magazine)
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ESMA: EMIR data quality ‘evolving positively’
(Best Execution)
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Systematic tools gain favor in fixed income
(Waters Technology)($)
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No changes to CLSSettlement ahead of T+1
(Best Execution)
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‘Very careful thought’: T+1 will introduce costs, complexities for ETF traders
(Waters Technology)($)
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Hidden Road ready for rush hour after FCM approval
(Risk.net)($)
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Why ‘Tokenizing’ Assets Is Turning Banks On to Crypto
(Bloomberg)($)
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Private Market Tokenization Shows Power of Smart Contracts
(Markets Media)
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MIAX Sapphire Postpones Launch
(Traders Magazine)
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Broadridge CEO: ‘We intend to be a leader in AI’
(Waters Technology)($)
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