The TRADE

JULY 3, 2024

The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. Jim Goldie “The impact on a Thursday is that brokers need to fund for another three days.

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The TRADE

JANUARY 2, 2024

Eric Heliene, head of buy-side trading desk, Groupama Asset Management  The intensification of financial regulation is a fundamental trend transforming the asset management ecosystem.  While the EU has agreed to a real-time pre- and post-trade consolidated tape (CT) for equities – the devil will be in the detail.

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The TRADE

JULY 6, 2023

Wholesales were found to have increased their consumption of flow from retail brokers. Last week, the European Council and Parliament introduced a “general ban” on PFOF, with temporary exemptions for member states where firms currently use the practice until June 2026.

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The TRADE

NOVEMBER 22, 2024

In relation to segregated accounts and margin, FICC’s proposed rule changes seek to address the Commission’s new requirements and the conditions for including margin in the broker-dealer reserve formulas. The post SEC approves FICC access models and segregated accounts and margin rule filings appeared first on The TRADE.

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The TRADE

DECEMBER 5, 2024

The Securities and Exchange Commission (SEC) is in the process of introducing noteworthy rule changes to the clearing of fixed income securities, a development which is set to reshape the landscape for fixed income trading. For trading desks, the new rules will result in a range of operational and regulatory shifts.

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The TRADE

JULY 17, 2024

Royal London Asset Management’s (RLAM) trading team is no stranger to change. Brought in to set up the firm’s fixed income desk was current head of trading and execution analytics, Kevin Flood, who joined RLAM with an extensive trading career previously under his belt, having already served for 15 years at Deutsche Bank.

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The TRADE

JUNE 21, 2024

When we proposed the rule in February 2022, only about two-thirds (68%) of transactions were being affirmed on trade day. I don’t suspect you will follow the timing of Argentina or Jamaica. Currently, currency markets settle in T+2, but if major markets in North America and Asia move to T+1, it could be beneficial.

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