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...staff report on the GameStop saga: If anything, Citadel Securities and other market-makers should have been encouraging more trading in GameStop, not discouraging it to rescue competitors to the Citadel LLC...
...OK, enough throat-clearing. Why this detour into the history of financial indices?...
...That led to accusations that the LME, which is owned by Hong Kong Exchanges and Clearing, acted in favour of a Chinese company, while others said that it should have acted sooner to avoid the need to erase...
...A small windfall for FTX: the bankrupt exchange has agreed to sell its futures and clearing business LedgerX LLC to stock and derivatives exchange MIAX for $50mn....
If the ecommerce group’s Hong Kong listing is a success, others could follow its lead
...Exchanges and central counterparty clearing houses should also ensure the robustness and resilience of their information technology systems to withstand current trading conditions....
Investment is essential in order to keep up with cyber attacks and competing technologies
...Sprecher, who founded ICE as an energy trading business in 2000, built the Atlanta group into a $70bn giant trading derivatives and shares, as well as supplying data and clearing....
...CME will begin moving its data and clearing services to Google Cloud next year, before eventually shifting all of its markets over the next decade....
...US President Donald Trump on Tuesday signed legislation clearing the way for sanctions....
...Robinhood said it was forced into the move because of the size of margin calls from the clearing house, the NSCC. It needed to find $3bn within hours — a figure it negotiated down to $700m....
...Microsoft and Google have ended an almost six-year truce to prevent open warfare between the rival Big Tech companies, clearing the way for direct conflict as regulators take aim at barriers to competition...
...Calypso, which sells capital markets software to banks, asset managers and clearing houses, was valued at about $800m in March 2016, when it was acquired by private equity groups Bridgepoint and Summit Partners...
...But the company had no choice, Tenev said, as a $3bn deposit requirement arrived from the National Securities Clearing Corporation, the clearing house that processes its stock trades, around 3am Pacific...
...More than 843m options contracts were cleared that month alone, the equity derivatives clearing house said....
...Yahoo has already been working for years on clearing the regulatory hurdles to get into betting, said the former official, and it forged an alliance with MGM in 2019 to offer a service for the millions of...
...Until this point asset managers, clearing houses, banks and traders have relied on informal, composite prices from providers such as Bloomberg or Refinitiv, to keep track of the value of their securities...
...executive credited with pioneering the market for credit-default swaps, had promised to revolutionise finance by applying the distributed ledger technology backing cryptocurrencies to activities such as trade clearing...
...common with the other Accepting Houses — was starting to suffer the erosion of acceptance credits, its most profitable and reliable banking business, in the face of cheaper lending from domestic and foreign clearing...
...He made similar points in written evidence submitted to the court last week as part of Dakota Access LLC’s argument to keep the pipeline open....
...the vehicle — part annuity, part mortality lottery — is misunderstood (Bloomberg) No big deal Even after failing miserably in its bid for the London Stock Exchange Group, shares in Hong Kong Exchanges & Clearing...
...Digital Asset was one of the pioneers of blockchain-in-finance, with the idea that it could make clearing and trade settlement sexy again (well OK maybe not but at least make it faster and more efficient...
...At various points since its inception more than a decade ago, enthusiasts have claimed that blockchain could replace central banks, wipe out post-trade intermediaries like clearing houses, and become the...
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