The FinTech aka financial technology revolution continues to advance across the financial industry landscape, as dozens of startups from block chain to bond trading initiatives work towards securing a presence within the institutional financial services ecosystem. And, as profiled in a brilliant column this week from Institutional Investor spotlighted by…Read More
For Wall Street bankers and brokers who have been in the business since at least the early 2000's and are still working on the Street, and who think you've already been pilloried plenty for the work you do, watch out, former Lehman broker-turned best-selling author Michael Lewis ("Liar's Poker", "Money…Read More
MarketsMuse curators note that "there is always a better way, until its not better. .."But that isn't stopping Betterment LLC, the startup robo-adviser that claims to offer a solution for investors who seek an automated approach to stuff ETFs into their401k portfolios. Betterment, a leading robo-adviser, announced last week that…Read More
BrokerDealer-Banked Chat Service Symphony Signs Pact to Sing News from Dow Jones and WSJ MarketsMuse Fintech editors are observing Rosh Hashana today, and we thank our friends at BrokerDealer.com blog for the following story..which could set the tone for a slug fest between Rupert Murdoch of News Corp. and Michael…Read More
As if there were not enough electronic trading platforms, the buyside remains determined to have their own equities trading platform open only to buy-side block trading peers. MarketsMuse Tech Talk Editors tip our hats to FierceFinanceIT.com for the following update re Luminex Trading & Analytics, the ATS block trading venue…Read More
It doesn't take a "markets muse" who speaks in tech talk to know that Fintech is not only fashionable, its now mainstream. And, whilst the early "jibber jabber" surrounding Bitcoin was fodder for Wall Street naysayers, including JPM's Jamie Dimon, "the worm has turned" according to NYT columnist Nathaniel Popper,…Read More
When ETFs were first launched in 1993, the 'framers' might not have fully appreciated what would happen to the respective ETF cash index in the event of a lopsided market opening when the underlying constituents had not yet opened for trading, despite the easy recall of October 1987.. Since that…Read More
As reported earlier this week by MarketsMuse, a "computer glitch" suffered by market data vendor Sungard Systems has left custodian BNY Mellon still scrambling to price Net Asset Value (NAV) for nearly 10% of exchange-traded funds held by customers. Late Wednesday, BNY said 20 mutual fund companies and 26 ETF…Read More
When it rains it pours. While many ETF investors have been sucker-punched while trying to execute orders during the past several highly volatile days, MarketsMuse finds that a second shoe dropped Monday on the heads of thousands of BNY Mellon customers thanks to a software snafu attributed to market data…Read More
According to the BrokerDealer.com blog, MarketsMuse reports that "dark pool" operator ITG and its agency-only, best-ex, 'conflict free' brokerdealer affiliate AlterNet Securities appear to have been providing themselves with best-ex by capturing order information from ITG institutional customers and for that, they will pay a record SEC fine of $20.3…Read More
MarketsMuse fintech update is a "bid on" to prior Wall Street bitcoin initiative coverage, and following is courtesy of excerpt from 4 Aug story by Bloomberg LP reporter Andrew Leising, " Wall Street, Meet Block 368396, the Future of Finance." [caption id="attachment_3847" align="alignleft" width="180"] Justin Brownhill, SenaHill[/caption] When Justin Brownhill…Read More
Introducing electronic trading to the corporate bond culture is not easy. Fintech initiatives have been trying to crack this egg for 20 years, each promoting the theory that enhanced transparency via electronic trading leads to enhanced corporate bond market liquidity, and ultimately, a robust marketplace for institutional traders to traffic…Read More
Fintech startup instant message platform Symphony is hearing the sound of trumpets coming from NY Regulators and Bloomberg-challenger backed by consortium of banks now being questioned about deletion and encryption process. MarketsMuse curators might be a little slow this week in view of following delayed post regarding the roll-out of…Read More
On the heels of the recent NYSE ‘outage’, which actually had little impact on overall equities trading volume, but did lead to volume spikes away from the NYSE and at competing exchanges across the fragmented marketplace, the volume also increased with regard to spirited discussions about market structure. And, whenever…Read More
Disruptive Unbundlers, Securities Industry Untouchables, Fintech Aficionados and Innovative Altruists seek to level the investment research playing field, inspiring a bull market for independent research distribution channels, start-ups and disruptive schemes. Investment research and expert ideas, whether within the context of equities analysis or global macro perspective, has long been…Read More
MarketsMuse is keeping its fingers on the pulse of the FinTech movement, and aside from the initiatives that we've spot-lighted taking place courtesy of Wall Street Wonks, its more than fair to say that London is fast becoming the hub of innovation and technology, and attempting to lay claim to…Read More
MarketsMuse senior editors have quickly canvassed a broad assortment of "market structure experts" and industry talking heads who have been at the forefront of debating the pros and cons of market electronification, multiple market centers and the underlying issue: "Is Market Fragmentation Good, Bad or Ugly?" For those who might…Read More
MarketsMuse special update-courtesy of MarketsMedia reporting with a refreshing reprieve from all-things Greece ...While Silicon Valley salivates over the next social media-powered “Unicorn”, the global financial industry is fixated on FinTech. Just like the litany of aspiring app companies accelerating the ‘next great idea’ produced by West Coast Wonks, as…Read More