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

Latest Chinese Fintech FOF Completes Raise of 10-billion-yuan (US $1.8b) as Asia fintech funding continues to eclipse North America and EU allocation to financial technology initiatives.. (Econotimes.com) 28 December 2016- In a move to advance China as a financial and technology hub, Asia FinTech FOF, a foundation that aims to…Read More

Identifying the top fintech financiers is no easy task these days. It seems like only yesterday when MarketsMuse curators were among the first to advance the phrase "fintech" in the course of profiling startups seeking to disrupt the financial services sect, many of which have been led by sell-side veterans who…Read More

For exchange-based specialists, prop floor traders and upstairs sell-side market-makers, the notion of buy-side traders putting on the hat of risk-taking market-making is a head scratcher. Sure, there's a cadre of hedge fund wonks who have interned on a sell-side trading desk, then moved up to Greenwich to grab a…Read More