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Bloomberg expands D&I dealer initiative with introduction of new US treasuries white label solution

The TRADE

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 investment managers and bond dealers as a pool of liquidity.

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SEC adopts new short selling rule to bolster transparency for market participants

The TRADE

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.

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FIA Tech supports operational resiliency through enhancement of Trade Data Network

The TRADE

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.

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FIX Trading Community launches new messaging capabilities for real-time settlement

The TRADE

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.

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Buy-side flock to automated trade affirmation service from DTCC ahead of T+1 transition

The TRADE

The D epository Trust & Clearing Corporation (DTCC) has revealed that 350 Investment managers 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.

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People Moves Monday: Nomura, JP Morgan Chase, and Liquidnet

The TRADE

Prior to his stint at JP Morgan Chase, Russo spent nearly four years at online investment management 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.

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The Thursday T+1 trading conundrum

The TRADE

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.

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