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The TRADE’s most read stories of the year part three: Regulation, consolidation and resignation

The TRADE

Previously in his career, he served as president and chief executive of TD Ameritrade Holding Corporation for eight years and as vice chairman of TD Bank Financial Group. Today [23 August], many broker-dealers conduct significant cross-exchange or off-exchange activity,” said Gensler in an August statement.

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Fireside Friday with… ION’s Edoardo Pacenti

The TRADE

They will bolster the security of the US Treasury market by mandating central clearing for eligible securities, such as repos and reverse repos, inter dealer broker transactions and other cash transactions. The new rule changes published by the SEC have been primarily driven by the need to enhance market stability and reduce systematic risk.

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A look into the centrally cleared future

The TRADE

These changes are designed to improve market stability, increase transparency, and mitigate systemic risks in bond markets, affecting everything from Treasury securities to corporate debt. For trading desks, the new rules will result in a range of operational and regulatory shifts.

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Volatility trading picking up traction as the market pegs it as a future core strategy

The TRADE

As highlighted in Acuiti’s report – which included responses from senior executives across 94 proprietary trading firms, hedge funds, banks, interdealer brokers, and futures commission merchants (FCM) that serve the derivatives market – 2022 saw a surge in interest in volatility trading from the market.

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Keeping ESG commercial

The TRADE

But running through the Brighton born and bred Papanichola’s veins is an activist streak that has continued to influence his decisions and shape the course of his career to date, ultimately leading him to his current role as head of trading at London-based activist hedge fund, Bluebell Capital Partners. We use a variety of high and low touch.

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Inside the FX cut-off conundrum sparking animosity between the buy-side, CLS and custodians as T+1 looms

The TRADE

However, what the regulator probably failed to account for was the knock-on effect outside of the US, and on adjacent processes – securities lending, corporate actions and FX to name a few. CET (6pm ET) deadline – considering 30-, 60- and 90-minute extensions – and promised an update around the end of Q1 2024. I’m not seeing it yet.

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The 20 greatest trading innovations

The TRADE

For more information on the various providers in the EMS market, check out The TRADE’s annual survey. Bloomberg Terminal Up next and needing little introduction is the Bloomberg Terminal, Bloomberg’s data and proprietary trading platform. Tradeweb launched its all-to-all corporate bond trading functionality in 2017.

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