What's Next for exchange-traded-fund land? Blockchain ETFs! Duh?! Aside from the efforts by the Winklevoss Boys and a cadre of others to introduce a Bitcoin ETF, Blockchain companies (now known as 'blocktech' firms) fall into the sweet spot for fintech investors and public companies that are pivoting, re-purposing or adding…Read More
Corporate Bond Market Transparency 4.0 MarketsMuse fixed income fintech curators, who have been on the beat for better than 8 years, were keen to cover this week's inaugrual meeting of FIMSAC. e-Bond trading system founders, fixed income fund managers and fintech aficionados who have long lamented the limited degree of US…Read More
When it comes to corporate monikers, MarketsMuse fintech curators are big fans of catchy names and have made it a New Year's resolution to compile and share a weekly list of firms that earn special recognition within the burgeoning world of blockchain, bitcoin and crypto handles. And, the winner for…Read More
Crypto Hedge Funds Get Their Greenwich On. If the MarketsMuse curators have avoided bidding on and publishing tick-by-tick coverage of "crypto mania" and bitcoin bubblelicious bytes akin to our media industry brethren, its only because we were arguably a pioneer when, starting in 2014, we first started framing the bitcoin and distributed…Read More
Initial Coin Offerings [Finally] Get SEC Attention; The Duck Test 3.0. For those who believe the US SEC is slow to react when reining in and/or reigning over new-fangled investment products, the evidence indicates you are accurate. After all, recent history regarding sub-prime debt sold to unwary investors, Madoff-style investment…Read More
CME Aims to Legitimize Bitcoin Marketplace via..What Else? A Bitcoin Futures Mart!! Any and every credible financial market veteran will argue that any credible financial instrument can only be credible when there is a legitimate marketplace in which buyers and sellers can express their view as to the value of…Read More
If you've been a professional trader for 'more than 15 minutes' (i.e. years, if not decades), you know the equities markets will move lower when (a) complacency prevails, a sense of calm is seemingly endless and equity market indices quietly creep higher and higher or (b), business news front page…Read More
What's Next for Option Markets? A CFTC regulated platform for bitcoin options; NY-based firm gets approval to trade puts and calls on cryptocurrency. For bitcoin aficionados, the road to legitimacy has been pockmarked with obstacles and detractors, including those who have insisted that bitcoins are the currency of money launders,…Read More
In a July 18 NYT op-ed piece "Wall Street Profits by Putting Investors in the Slow Lane" submitted by Jonathan Macey, a professor at Yale Law School and David Swensen, the chief investment officer of Yale University, the spirit debate topic of payment-for-order-flow schemes, aka rebates paid by the various stock exchanges to…Read More
Well Matilda, as if the universe of corporate bond electronic trading platforms isn't crowded enough, despite clear signs of consolidation taking place for this still nascent stage industry (e.g. upstart Trumid's recent acquisition of infant-stage Electronifie) , one more corporate bond e-trading platform has its cr0ss-hairs on the US market.…Read More
High-Touch or High-Tech? That is The Question.. Virtually any industry professional will acknowledge the now two-decade evolution of financial markets whereby the electronification of equity, options, currency and even fixed income markets has been the primary catapult for business models wrapped in high-tech trading services, trading software applications and niche offerings…Read More
The notoriously fragmented universe of upstart electronic bond trading platforms that aim to address "the lack of liquidity" concerns voiced by institutional fund managers and deliver e-bond trading tools that enhance transparency and make trading fixed income products easier for buysiders is starting to consolidate. This week Trumid, founded in 2014 and…Read More
And The Winner Is….Institutional Investor Presents 2017 Top 40 Trading Tech Top Guns Who says trading technology wonks are under-appreciated within the context of recognition by industry followers? Certainly not MarketsMuse fintech curators, and definitely not Institutional Investor Magazine, which brings us their annual ranking of the top trading technologists…Read More
(FinanceMagnate)--Electronic trading firm Interactive Brokers Group, Inc. (NASDAQ:IBKR) aka “IB”has announced its plans to put an end to its options market making activities globally. The operations, which are conducted through the Timber Hill companies, are expected to be phased out over the coming months. The broker will continue carrying out…Read More
Those of us who have worked in and/or around the world of electronic trading for more than 15 minutes readily know about REDI, the ubiquitous direct access execution platform for stocks and options that was introduced by Spear Leeds & Kellogg in 1987 to its professional clearing customers, a universe…Read More
OTC Pink Sheet Companies Need Rehab....With the stock markets percolating, book-runners across ECM syndicate desks are hopeful the backlog of pending IPOs will finally open. With that, a broad universe of Issuers are finding their way to OTC Markets and NASDAQ's OTC Pink Tier. All good news, other than for…Read More
According to MarketsMuse market structure mavens, if you can say "dis-intermediate" five times in under 5 seconds, or if you can simply spell the word (without looking at this blog post), then "you'll get the joke" i.e. exchange operator Bats Global Markets (acquired last year by CBOE for $3.2bil) is…Read More
Fintech Fixed Income Trading & Fragmentation-What's Next? A Venue for Private Placement Bonds & MTNs Despite the seeming oversupply of electronic bond trading initiatives, the convergence of fintech and fixed income trading continues to spawn new electronic trading start-ups, bringing the total industry count to 128 venues. The latest player,…Read More
