News
(Bloomberg)($)
BlackRock Inc.’s money-market fund that records share ownership on the Ethereum blockchain has attracted more than $240 million since its debut a week ago.
(Risk.net)($)
The cost of trading stocks in dark venues has ballooned over the past three years, a trend market participants blame on algos scouring the market for liquidity by slicing up orders into smaller portions. The potential market impact of block size trading in dark multilateral trading facilities has jumped sixfold, and nearly doubled for sub large-in-scale (LIS) dark venues in the three-year period since March 2021, according to data from analytics firm big xyt.
(Investment News)
The SEC recently passed a groundbreaking rule that will require many big public companies to report their climate-related business risks and their greenhouse gas emissions.
But the rule the Securities and Exchange Commission finalized was significantly pared down from what it proposed two years earlier, walking back the overall burden on businesses while nonetheless getting some progress on climate reporting on the books.
(Fortune)
In the European Union, large companies and most publicly traded firms will be required to publish updates on the environmental and social risks they face, with those reports due beginning in 2025.
Across the pond, the Securities and Exchange Commission earlier this month announced new rules that would require corporations to divulge to investors their greenhouse-gas emissions. “It’ll make it real for a lot of chief financial officers,” says John Mennel, managing director at Deloitte.
(ESG Today)
Investment giant BlackRock will continue to view the global transition to low carbon energy sources as one of the most powerful drivers of capital market opportunity and risk, even as the energy transition becomes “more contentious in the U.S.,” according to the firm’s Chairman and CEO Larry Fink’s annual letter to investors.
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The 23nd Annual Ranking of the Highest-Earning Hedge Fund Managers
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(Financial Times)
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Ex-UBS Trader Tom Hayes Loses UK Appeal Over Libor Crimes
(Bloomberg)($)
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Swift Says Can “easily Incorporate” CBDCs
(The Full FX)
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Fighting FAIRR: Inside the bill aiming to keep AI and algos honest
(Waters Technology)($)
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(Markets Media)
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(Institutional Investor)
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Greenhushing Impacting Private Markets’ ESG Activity
(Funds Europe)
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FTX to sell $884M of Anthropic shares: Court filing
(Blockworks)
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Public Companies Have Spoken: Fidelity, Wellington Top Their List of Best Asset Manager Shareholders
(Institutional Investor)
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Financial advisers seek guidance on recommending bitcoin ETFs
(Financial Times)
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Reduced tick size disadvantages buy side, finds new research
(Best Execution)
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Anti-ESG Bill Floated in House to Combat DOL Rule
(Pensions & Investments)
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Gensler Defends New Climate Rule, Promotes Mandatory Disclosures
(Pensions & Investments)
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