Feature Articles Archives - Page 8 of 31 - The Industry Spread

The Rise of Conditional Orders Post-MiFID II

June 3, 2019

The International Equity Trading benchmark research study for 2019, conducted by TABB Group, found that 79 percent of firms are using conditional orders to source liquidity for their clients. The trend is expected to accelerate further as more than 30 percent of these traders plan to increase usage in 2020.

Fed of New York to Replace Two Key Positions

May 29, 2019

John C. Williams, president and chief executive officer of the New York Fed, named Ray Testa, chief operating officer of the Markets Group, as interim head of the Markets Group, and Chris Armstrong, senior vice president of cash operations, as interim head of the Financial Services Group, starting immediately

A Financial Transaction Tax- a Tax Which Would Charge for Every Single Trade- has been Introduced in the US Congress.

May 27, 2019

Senator Bernie Sanders a Democrat of the State of Vermont, Senator Kristen Gillibrand a Democrat of the State of New York, and Congresswoman Barbara Lee a Democrat from the State of California, each introduced the Prosperity Act.  This proposed bill “imposes a tax of a fraction of a percent on the trades of stocks, bonds, and derivatives. This tax on Wall Street speculation, also known as a financial transaction tax, is estimated to generate up to $2.4 trillion in public revenue from wealthy investors over 10 years.

Global markets are in a “precarious time.”

May 27, 2019

I raised questions about the uncertainty of a prolonged Brexit and that affect it would have on financial institutions, derivatives markets, cross-border trading, financial services, and insurance contracts.

CFTC Commissioner Endorses SWAP Regulation Framework

May 20, 2019

A Commodities Futures Trading Commission (CFTC) Commissioner threw his support behind the swap regulation framework which started in 2010. CFTC Commissioner Dan Berkovitz made a speech at Energy Risk 2019 held in Houston, Texas earlier this week.

Head of CFTC’s Swap Dealer’s Division Lays out Project Kiss Vision

May 17, 2019

There is much more work to be done. This includes, as discussed by Mike Gill, the Chairman’s Chief of Staff, at the National Press Club in February 2018,]simplifying risk management rules for FCMs and SDs, by providing a more effective programmatic risk management system, and modifying quarterly risk reporting obligations.

FINRA’s AML Program Explained

May 13, 2019

He continued by saying that money laundering occurs in three stages: 1) placement stage (in the introduction of illicit into the financial system) 2) layering, a process of transactions to disguise the origin of the funds 3) reintegration, where funds are reintegrated into the legitimate economy.