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
Nobody can accuse veteran government bond market broker and fintech poster boy David Rutter of being single-minded. The former Prebon Yamane exec, who later migrated to inter-dealer broker ICAP where he became of head of electronic trading, then did a stint as CEO of fixed income and FX platform BrokerTec,…Read More
FinTech Fever is spreading across the globe, as government-sponsored and regional private equity investments in financial technology startups and fast-growing initiatives is becoming the cool kid place-to-be. MarketsMuse fintech curators profile a crisp selection of this week's latest stories out of London, Abu Dhabi, Jakarta, India and Russia.. Abu Dhabi…Read More
The FinTech Sector is red hot now in Japan as Land of Rising Sun Banks now looking to pour hundreds of millions of dollars into fintech start-ups after the abolition of a law that prevented them from owning more than 5 per cent of a technology company. (FT) 25 September…Read More
Reuters execs say "Why build an expensive EMS platform to integrate with your buy-side focused analytics platform when you can buy one that already has captive customers?" If it's the right price, then the answer would seem to favor Buy v Build! That is apparently the calculus of market data…Read More
Virtu Says NO to Corporate Bond ETF risk-taking; Top Market-Maker Opines “Unable to Hedge ETF Constituents Due To Limited Liqudity” During the better part of three years, MarketsMuse Fixed Income curators have often pointed to concerns expressed by market professionals who argue that the unfettered growth of corporate bond ETFs…Read More
"What's Next? Well, for those familiar with Patrick Byrne, the controversial and innovative founder of Overstock.com, one of the first online retailers to embrace the use of bitcoins, it should not be a surprise that Overstock's chief honcho would 'get the joke' and realize its all about the underlying technology…Read More
Just when you were about to ask "What’s the next type of exchange-traded fund that nobody else has come up with?, PureFunds has launched a fintech ETF! If you’re not familiar with the phrase ‘fintech’, you’re likely not qualified to put assets into this latest exchange-traded fund that specializes in…Read More
(Traders Magazine)-CME Group, the US derivatives exchange, has launched an online tool to allow investors to compare the costs of futures against exchange-traded funds, as some ETF issuers have claimed the funds are now cheaper to use. Last month the CME launched the Total Cost Analysis tool to allow investors…Read More
EC Embraces ISIN reference code protocol for financial instrument identifiers as MiFID II nears full implementation (Waters Technology |InsideReferenceData.com) 20 July 2016-The European Commission (EC) has adopted several technical standards of the Markets in Financial Instruments Directive (MiFID II), including RTS 23 (Regulatory Technical Standard), which deals with standards and…Read More
Private Placement Services Portal Changes Name to PPM.co; Adds Full Suite of Product Offerings with Launch of New Website (PRweb)--New York, NY--July 12 2016- PPM Services, Ltd, the global consulting firm specialising in private placement memorandum document preparation for debt and equities and business plan preparation services for start-ups,…Read More
BlackRock is the latest firm to embrace Symphony Chat Platform; Another Shot Across Bloomberg Bow In early 2014, when David Gurle, a former Reuters exec started to chat up a scheme with prospective banking industry investors that would offer a low cost alternative to Bloomberg LP's ubiquitous instant message / chat application, prospective strategic…Read More