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Expanded SEC clearing rules will see daily DTCC Treasury activity increase by $4 trillion, survey finds

The TRADE

Under the new rules covered clearing agencies in the US Treasury market are required to adopt policies that ensure their members submit for clearing certain specified secondary market transactions. The amendments also require covered clearing agencies to separately collect and calculate margin for house and customer transactions.

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10-11-2023 Newsletter: How to win in Investment Banking? From Analyst to VP

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GIX trading platform the first green securities exchange to file with the SEC

The TRADE

The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. The true essence lies in the infrastructure that supports these transactions.

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The Thursday T+1 trading conundrum

The TRADE

Given that the settlement cycle is now shorter in the US trading volumes on a Thursday have dropped off significantly thanks to funding requirements that require brokers to fund a position for an additional three days on Friday, Saturday and Sunday given the slightly longer settlement cycle in Europe, the UK, and most of Asia Pacific.

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Early bird catches the worm: A look at the race for first mover advantage in Europe’s emerging crossing network landscape

The TRADE

Eric Stockland, co-head of global electronic trading at BMO Capital Markets, explains that the venues largely fall into two categories: “It’s like a Phillips screwdriver and a Flathead screwdriver. Nothing comes for free and in pan-European markets, no one is obliged to connect to any venue.

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The TRADE predictions series 2025: Post-trade and the shift to T+1

The TRADE

Vikesh Patel, global head of clearing, president, Cboe Clear Europe There will be greater focus in 2025 on European competitiveness, with regulators needing to strike the right balance between fostering growth, competition and innovation in clearing on one hand and maintaining regulatory oversight and financial stability on the other.

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The TRADE predictions series 2025: What’s on the horizon for trading venues

The TRADE

Hayley McDowell, EU equity electronic sales trader and market structure consultant, RBC In 2025, we will see momentum in European dark trading continue to build. CBOE, Nasdaq and Aquis are launching between Q4 2024 and Q1 2025. While the US market momentum (i.e.

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