The TRADE

AUGUST 21, 2023

The four separate rulemakings put forward by the US Securities and Exchange Commission (SEC) in December last year represent the most significant attempt to revamp market structure for US equities in recent memory. The development of the current rules was informed by technological capabilities that today seem hopelessly archaic. “The

Equities 52

Equities Retail Trading Broker 52

The TRADE

OCTOBER 24, 2024

Central limit order book (CLOB) While it is easy to romanticise the sheer graft that went into trading a few decades ago, the introduction of central limit order books (CLOBs) and streamed pricing were much-needed innovations. In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange.

Trading 120

Trading Investors IT S&P 120

The TRADE

APRIL 30, 2024

On 30 June 2023, Livor was replaced by the Secured Overnight Financing Rate (SOFR). Traditionally, many securities transactions have settled on a T+2 basis, in which buyers receive ownership of a security and the seller receives payment two business days after the trade date.

Financial Institution 69

Financial Institution Financial Market Risk Management Bank 69