Legislative amendments to MIFIR (Updated MiFIR) and MIFID (Updated MiFID) have been published in the Official Journal. The texts were introduced by the European Commission in November 2021 (see our briefing here). The m…
The First-tier Tribunal’s (FTT) decision in HMRC v Professional Game Match Officials Ltd [2026] UKFTT 654 (TC) (PGMOL) sits within a long line of employment status cases.
The global financial landscape in the first quarter of 2024 is defined by a striking divergence. On one side, international equity markets are experiencing a concentrated, AI-driven technology rally alongside massive ca…
JPMorgan JPM is expected to pay $100 million to the U.S. Commodity Futures Trading Commission (“CFTC”) to settle claims related to trade reporting lapses. The news was reported by Reuters, citing a source with direct kn…
As he steps back from his role as CEO at CBOE Canada, the avowed change-maker highlights the issues he thinks stakeholders in Canadian capital markets need to address
The separation between traditional Wall Street finance and digital asset markets has officially dissolved. Following months of intense speculation, political maneuvering, and technical delays, the Securities and Exchang…
Emerging Technology: Prediction markets are evolving into “world truth engines” that use financial incentives to reveal collective knowledge about future events, turning specialized insights into monetizable foresight.
IEX Exchange has announced a new version of The Signal, also knows as the Crumbling Quote Indicator, a predictive model that targets adverse price changes and powers IEX Exchange’s signature protective order types.
When FXSpotstream (FSS) launched over 11 years ago as a bank-backed spot foreign exchange price aggregation service, it set its sights on disrupting the public trading venues.
Cboe Europe has made big gains in its market share over the last two years – enjoying particular success in its lit orderbooks, which have grown from 15% of all lit trading in January 2021 to 28.1% in March 2023. But mo…
Investors in Robinhood Markets (HOOD), the online trading platform, have endured a tough year with the stock price falling 60%. Can its fortunes turn around?
Financial markets contribute to economic growth by aggregating savings and allocating them to productive opportunities. Prices guide the decisions that drive this dual function: investors’ portfolio choice and issuers’ …
Singapore has quietly been playing host to some of the most advanced explorations into cryptocurrency and decentralized finance (DeFi) ever done by big banks, institutions and regulators.
The BIS Triennial Central Bank Survey is the most comprehensive source of information on the size and structure of global over-the-counter (OTC) markets in foreign exchange (FX) and interest rate derivatives. The Survey…
As the Bank of England expands its emergency bond-buying interventions to stabilise collapsing UK pension funds, Grand Herald examines how the multi-venue liquidity network at fenixtrd.com handles unprecedented margin p…
The secondary market is where investors buy and sell securities, such as stocks, bonds, and mutual funds. Trades take place on the secondary market between other investors and traders rather than from the companies that…
This product expansion includes an extensive library of both liquid and less liquid, hard-to-value instruments across sovereigns, investment grade and high yield corporates, emerging markets, money market, U.S. municipa…
As the crypto market has continued its volatile ride over the past year, most market participants would agree that regulators needed to step in and tame what has been – and in many cases still is – the Wild West of cryp…
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