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The US Securities and Exchange Commission (SEC) has adopted a new rule to bolster transparency to market participants through increased public availability of short sale related data. According to the SEC, this new data will supplement the short sale data that is currently publicly available.
Bloomberg has introduced a white label solution for US treasuries, allowing a wide range of broker dealers to provide liquidity for trades initiated on its platform as part of its D&I dealer initiative. The offering – which has been expanded to include US treasuries – is used by investmentmanagers and bond dealers as a pool of liquidity.
Users of TDN will now be able to securely replicate and store all trading activity at any exchange connected to the network, which will help ensure speedier recovery in the event of a systemic outage such as a cyberattack or technology failure.
Read more – T+1 settlement: The biggest FX shake up in decades The US Securities and Exchange Commission (SEC) gave the green light for the implementation of T+1 settlement in February, with a planned implementation date of 28 May 2024.
The D epository Trust & Clearing Corporation (DTCC) has revealed that 350 Investmentmanagers are now leveraging CTM’s automated trade affirmation capabilities to accelerate the post-trade lifecycle, as firms prepare for the US move to T+1 trade settlement.
Prior to his stint at JP Morgan Chase, Russo spent nearly four years at online investmentmanagement firm Nutmeg, most recently as senior trader. Prior to joining Liquidnet, she spent 5 years at London Stone Securities, most recently serving as an equity sales trader.
FIA Tech also stated that TDN can provide resiliency services by securely replicating and storing all trading activity and messages from SGX as with all connected exchanges. Earlier this year, FIA Tech enhanced TDN to support the operational resiliency demands of clearing firms utilising the platform.
Despite worries in the lead up to the monumental shift, many have managed to adapt their workflows to evade issues across the ETF market, securities lending and FX alike, while adapting to affirmation and central trade matching platforms to achieve straight through processing. Presenting the Thursday conundrum.
Prior to this move, Baltussen was head of equity factor investing and co-head of quantitative fixed income at Robeco and before that spent three years at NN Investment Partners, most recently as head of quantitative research for multi-asset strategies. Both joined from Wall Street giant Citi and will be working alongside Tim Caulton.
The Securities and Exchange Commission (SEC) has allowed its no-action letter to the Securities Industry and Financial Markets Association (SIFMA), based on enforcements surrounding research services, to expire – reinforcing that it was not intended to be permanent solution. That bill is, however, not in effect.
That line-up is largely made up of independent firms, prime brokers and custodians, all of whom are enjoying a piece of the growing pie, with their own strengths and weaknesses. Coalition Greenwich points out that from 2018 to 2022 the number of outsourced trading providers grew from fewer than 10 to more than 40. The list goes on.
Hogan Lovells lawyer Rachel Kent – who has led the UK’s Investment Research Review under the Edinburgh Reforms – today revealed he recommendations which includes paving the way for a new ‘Research Platform’ that will provide a one-stop-shop for firms looking for research experts.
What I mean by that is, it’s really important for both sides to understand priorities,” says Ed Wicks, head of trading at Legal and General InvestmentManagement (LGIM). “If We view this as a complement to broker led avenues of liquidity, not as a replacement.”
However, by not being present in the set-up of a new regime [buy-side traders] are missing opportunity to have a say and effectively create even greater job security with a hybrid approach,” asserts Hantman. Examples just from just the last six months include UK-based investmentmanagement firm Waverton – which has £9.1
In addition, regulation including upcoming Mifid II reforms, the Fundamental Review of the Trading Book (FRTB) and proposed due diligence rules from the Securities and Exchange Commission (SEC), all continue to lump greater operational burden on fund managers.
We are also confident that our pioneering central clearing service for European securities financing transactions (SFTs) in equities and ETFs will resonate with market participants. To adapt, market participants will need to streamline processes using technologies like blockchain and real-time data analytics.
In the trading venues arena, MarketAxess and Miami International Securities Exchange (MIAX) each took home Outstanding Trading Venue awards, while Nasdaq was crowned overall Outstanding Exchange Group.
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