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)($)
The up-and-comers of Wall Street gathered not around an open bar, but tables with chess boards. Traders and quants from Goldman Sachs Group Inc., Jane Street and Bank of Montreal were among those congregating at the headquarters of IEX Group Inc. to compete in a bi-annual chess tournament. ClearBridge Investments and WorldQuant were represented, too.
(IEX Exchange)
In this recent Chart of the Month from IEX, the data shows that D-Limit’s unique features allow brokers to achieve an average of 28 mils of pre-trade price improvement per share, compared to 0 at all other exchanges, writes Sam Stevens, IEX’s Head of Business Analytics.
(The Block)
Tether, the issuer of the stablecoin, announced it is reorganizing to venture into broader digital asset sectors. The developer of the world’s largest stablecoin by market cap has formed four divisions to reflect its broadening focus.
More News
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DSB says industry is ready to meet UPI mandate ahead of deadline
(Waters Technology)($)
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Industry calls for major rethink of Basel III rules
(Risk.net)($)
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Goldman Sachs and JPMorgan are making senior changes to their AI teams
(efinancial careers)
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Regulatory Round-up April
(Best Execution)
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Pre-Hedging Fixing Orders Can Benefit Clients: Study
(The Full FX)
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Annuity Sales of $400B or More in 2024?
(Life Annuity Specialist)($)
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American Equity CFO Andre to Resign, May Trigger Big Payday
(Life Annuity Specialist)($)
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Athene Targeted in Flurry of Lawsuits Over Pension Buyout Deals
(Life Annuity Specialist)($)
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High-speed trader Jane Street raked in $4.4bn at start of 2024
(Financial Times)
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FSB sets out NBFI liquidity preparedness proposals
(Best Execution)
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BNY Mellon deploys Nvidia DGX SuperPOD, identifies hundreds of AI use cases
(Waters Technology)($)
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State Street exploring acquisition of SocGen’s custody arm, reports say
(Financial News)($)
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State Street’s SSGA warns investors on additional costs of T+1
(Financial Times)
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Wall Street Takes New Role as Matchmaker to Private Credit
(Bloomberg)($)
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SEC Fines 16 Firms in Latest WhatsApp Probe Penalties
(Bloomberg)($)
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Welcome to the dark side
(Best Execution)
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The former JPMorgan MDs becoming product executives in fintech
(efinancial careers)
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US high yield e-trading volumes drop YoY
(The Desk)
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After Kicking Off Mutual-Fund Era, MFS Plans ETF Foray
(Bloomberg)($)
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