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On April 5, 2024, a jury in California federal court found a former corporate executive liable for insider trading in SEC v. Panuwat, a novel enforcement action involving a theory known as “shadow trading.” In Panuwat, the U.S.
Fintech giant FIS has acquired SaaS post-trade platform Torstone Technology, according to multiple sources close to the matter. Some of its major recent mandates include a 10-year agreement to provide post-trade technology to BNP Paribas and $1.5
Order and/or execution management systems (OEMS) Kicking off this whistle-stop summary as the number one most impactful innovation in the industry is the order and/or execution management system (OEMS) – the beating heart of trading desks around the world. CLS Coming in at number three is the multi-currency settlement system, CLS.
Delikaris rejoins the firm from Coinbase, where he most recently served as head of digital finance trading. Previously, he served as State Street’s global head of algorithmic trading, securities finance. Welcome back to State Street, Nick!”
Pan-European trading venue for securities Spectrum Markets has welcomed Baader Bank as a new trading member. Nicky Maan Baader Bank has been tradingsecurities for over four decades, offering its partners and institutional investors access to capital markets through integrated trading platforms.
The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) are working together to operate a new Digital Securities Sandbox (DSS) – a regime that will allow firms to use developing technology in the issuance, trading and settlement of securities.
Citi appointed Leo Arduini as interim head of FX, effectively immediately, according to an internal memo seen by The TRADE. According to the internal memo seen by The TRADE, the bank is conducting a search for a permanent head of FX, with the expectation to fill the position in the coming weeks.
Speaking to The TRADE, David Taylor, chief executive of trading infrastructure provider, Exegy, explained: “That’s an enormous amount of data. In terms of how prepared the market is for such a move, Taylor told The TRADE: “I think most firms are prepared or preparing as well as they can.
A SPAC is a publicly traded shell company with no underlying operating business that seeks to merge with a target operating company. In light of the trend, the US Securities Exchange Commission’s Division of Corporation Finance recently issued SPAC disclosure guidance. What is a SPAC. Why it matters.
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 importance of these rules can be linked to the reshaping of the regulatory environment and ultimately creating a more robust trading environment and promoting investor confidence. A key objective of the regulation was to increase market transparency through the promotion of regulated trading venues and encouraging price discovery.
These funds typically invest in publicly tradedsecurities and derivatives, allowing for a wide range of investment tactics that can include long and short positions, derivatives trading, and leveraging. Hedge funds also focus on maximizing returns in any market condition, whether bullish or bearish.
Although this edge over savings accounts comes at the cost of a lack of liquidity Liquidity Liquidity is the ease of converting assets or securities into cash. Also referred to as an aftermarket, it allows investors to tradesecurities freely without interference from those who issue them.
FIS acquires post-trade platform Torstone Technology Coming in at number 10 in our 2024 most read countdown was a major merger and acquisition scoop announced at the start of the year. As revealed by The TRADE and sister publication Global Custodian in February, fintech giant acquired SaaS post-trade platform Torstone Technology.
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