The Federal Reserve Bank of Dallas has produced the first central-bank estimate of what the tokenised deposit build-out costs the banks funding it, and the headline figure is being read backwards. The $700 billion in…
Intraday Volatility in the COVID Era: Why it…
Key Takeaways: Both volatility and the variance of volatility across securities have risen substantially since late February. Trading desks should incorporate intraday volatility metrics in their pre-trade and post-trade TCA. Particularly where this is used…
SEC Charges Owner of Film Distribution Company with…
Washington D.C., May 22, 2020 — The Securities and Exchange Commission today announced charges against William Sadleir, the owner of a film distribution company, for defrauding a publicly traded fund of at least $13.8 million.…
Private Equity Firm Ares Management LLC Charged With…
Washington D.C., May 26, 2020 — The Securities and Exchange Commission today announced that Ares Management LLC, a Los Angeles-based private equity firm and registered investment adviser, has agreed to pay one million dollars to…
TigerWit Appoints Regional Directors for Africa, MENA, Latin…
TigerWit, the leading online trading platform, has made three additions to the Business Development team in order to increase its efforts of global expansion. The firm has recently reported record revenue in the year 2019. …
Risk Appetite Up, Dollar Down, AUD, EMFX Outperform,…
Summary: Risk-on, Dollar off. It’s a pattern that is now becoming familiar. Markets embraced global economic repopenings and a concerted push to find a Covid-19 vaccine while shrugging aside ongoing US-China tensions, for now. The…
FCA Acts to Strengthen Protections for Customers Using…
The FCA has today launched a consultation on additional guidance for payments firms to strengthen the way in which they look after customers’ money. The payments sector is a priority area for the FCA and the…
Wombat Invest Launches Fractional Share-Trading In The UK
Wombat Invest has launched fractional share-trading in some of the top UK companies from as little as £10, the mobile-only investment app announced. The platform, whose customer base is mostly composed of users aged under…
LBChain project has reached the finish line: results…
The Bank of Lithuania’s LBChain project – a unique blockchain-based sandbox – has reached the end of its third and final stage. On 26 May 2020, the Bank of Lithuania will hold a wrap-up session…