Finance, at its heart, is the movement of capital. It is the art of channeling idle assets to where they can generate the most value. From this perspective, the history of financial markets is, in essence, a history of …
Nowhere are the markets changing so rapidly as in fixed income, the asset class that sits at the foundation of the financial system. And nowhere do asset owners and investors need more help to come out ahead.
Legislative amendments to MIFIR (Updated MiFIR) and MIFID (Updated MiFID) have been published in the Official Journal. The texts were introduced by the European Commission in November 2021 (see our briefing here). The m…
The First-tier Tribunal’s (FTT) decision in HMRC v Professional Game Match Officials Ltd [2026] UKFTT 654 (TC) (PGMOL) sits within a long line of employment status cases.
JPMorgan JPM is expected to pay $100 million to the U.S. Commodity Futures Trading Commission (“CFTC”) to settle claims related to trade reporting lapses. The news was reported by Reuters, citing a source with direct kn…
Aquis Exchange is set to begin charging its trading members for non-displayed market data feeds for the first time since its inception almost 11 years ago.
Reforms to the UK’s capital markets over the past five years have achieved an incredible amount, from simplifying the rules for stock market listings to reducing costs for firms trading bonds and derivatives.
Eugene Kim, Director of Client Solutions, and Anant Singh, Principal Software Architect, are co-authors of this article.
Emerging Technology: Prediction markets are evolving into “world truth engines” that use financial incentives to reveal collective knowledge about future events, turning specialized insights into monetizable foresight.
In other news, the FCA takes on greenwashing via innovation, STT helps clients with FINRA compliance, and the CFTC & BoE focus on CCP concerns.
IEX Exchange has announced a new version of The Signal, also knows as the Crumbling Quote Indicator, a predictive model that targets adverse price changes and powers IEX Exchange’s signature protective order types.
When FXSpotstream (FSS) launched over 11 years ago as a bank-backed spot foreign exchange price aggregation service, it set its sights on disrupting the public trading venues.
Shannon Kurtas, Product Director, Pro & Institutional Trading Max Kaplan, Sr. Engineering Director, Core Infrastructure & Data Engineering Suketu Gandhi, Sr. Engineering Director, Trading Technology Steve Hunt, VP Engin…
Cboe Europe has made big gains in its market share over the last two years – enjoying particular success in its lit orderbooks, which have grown from 15% of all lit trading in January 2021 to 28.1% in March 2023. But mo…
FX trading venues using central limit order book (CLOB) systems to match buyers and sellers saw double-digit percentage increases in activity in 2022.
The consultation and call for evidence have long been called for from the crypto industry. It looks to start clarifying the government’s approach of making the country a fintech hub and adding value to being a UK-regist…
Natan Tiefenbrun, President, Cboe Europe, summarises Cboe Europe’s activities over 2022 and looks ahead to its plans for 2023.
In the wake of the historic Bank of England interest rate hikes and the intense market volatility surrounding the British Pound in late 2022, institutional and professional traders across North America have been re-eval…
The BIS Triennial Central Bank Survey is the most comprehensive source of information on the size and structure of global over-the-counter (OTC) markets in foreign exchange (FX) and interest rate derivatives. The Survey…
Crypto innovators must be encouraged to stay in the U.S. , said the CEO of software developer Inca Digital. The Washington, D.C., company recently won a Defense Department contract to look into crypto security risks.
The secondary market is where investors buy and sell securities, such as stocks, bonds, and mutual funds. Trades take place on the secondary market between other investors and traders rather than from the companies that…
This product expansion includes an extensive library of both liquid and less liquid, hard-to-value instruments across sovereigns, investment grade and high yield corporates, emerging markets, money market, U.S. municipa…
Vehicles run at the Central Business District in Chaoyang District in Beijing, capital of China, June 6, 2022. (Xinhua/Ju Huanzong)
Single Dealer Platforms (SDPs) are an alternative source of liquidity for execution algorithms, alongside exchanges and ATSs, and are quite popular because they offer liquidity at no commission to brokers. But the way S…
