Rick Steves
Senior Reporter, Regulation and Fintech
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Steves' work has appeared in a variety of online publications including FX Street, NewsBTC, FinanceFeeds, and The Industry Spread. Rick has great interest in the dynamics of the trading industry. The never-ending clash between technology, economics, regulation, and more importantly, the people.
February 2021
Private Markets Are Up Up Up: JP Morgan Invests in Zanbiato
The need for private stock trading platform has grown proportionally to the increased amount of time companies stay private instead of going public via IPO.
ESG Investing Explodes to $89 billion in 2020, Says Bloomberg Report
The report warns that increased inflows may be driven by asset managers moving their own ETFs into model portfolios, which might not represent organic market demand.
Smells Like 2008 Spirit: SEC Charges Morningstar Credit Ratings
Morningstar analysts made adjustments to reduce the stress applied in the model in order to benefit the issuers that paid for the ratings.
Itiviti Launches Diginex’s Front-to-Back Trading Solution for Crypto Derivatives
Tbricks is a scalable cross-asset trading system that is popular among tier-one sell-side firms and banks.
FBS Enters Australia Ahead of New Leverage Rules
Retail brokers in Australia must prepare for a drop in volumes and revenue as well as to make efforts to comply with the other rules besides leverage.
Australian Investors Flocking to Learn How to Trade, CommSec Reveals
Australian online broker CommSec has reported a 200 percent increase in investors seeking to learn how to trade over the last 12 months.
R8’s Bitcoin App Mode Launches Android Version
Mode's trading volumes have grown 110% month-on-month since August 2020 as the Bitcoin app's simplicity and passive income service continue to attract new customers.
Retail Investors Gained 35% More Than Hedge Funds in 2020, According to Stake
Retail investors made 47% profit last year on average.
Also filing this week: Karthik Subramanian and Abdelaziz Fathi.