A Wobbly Curve
Clearly the funding didn’t go as well as expected as the “Additional shareholders are expected to join in the coming months” suggests somebody had to bite the bullet and move forward.
On Insider Information and All That
Besides the usual issues of market abuse and other potential issues, there are worrying assertions of some form of information leakage from the dealing systems to the outside world.
When Elmer Met Larry - Tabb, TabCorp & a Tired Monopolist Rants
Whatever the state of that history, (the most recent report I am aware of suggested Tabcorp could face AML issues), Elmer has made a fundamental error in his unfounded attack on Larry Tabb.
The block trading world has witnessed fines sink Pipeline, make Liquidnet squirm and most recently, savage ITG.
About That FinTech Elephant In The Room
It seems as if every last dog and pony is now claiming some element of expertise in the field of FinTech - as always it is a delight to see how oblivious they are to the history of how things got here.
The Beauty of Capital Market Union
I have to admit before the process even begins - and I sincerely wish this were not to be the case but I am already an avowed CMU cynic.
Association Alert - The State of the Clubs (Part 1)
FOA had already lurched that way having previously been a slightly broader church from London than the FIA which was always the association of the brokers (FCMs).
Technology On The Edge
In the incumbent world of financial technology, we have a series of massive 500lb gorillas, all of whom have a frankly worrying preponderance of legacy stuff that sits behind the colourful lipstick fronting this somewhat more porcine back ends.
HFT & The Confederacy of Dunces
Let’s face it, the exchanges didn’t deliberately rig markets against the buy-side and retail investors, nor did they engage in some form of conspiracy to create a rigged market.
Vale - Paul-Andre Jacot
Paul-Andre was involved more or less from the earliest vestiges of modern European futures market activity in the 1970s, with ContiCommodity Services and Rouse Woodstock.
FTSE Russell & CME Indexing
Now the intention of the FTSE deal is to offer FTSE 100 in USD but apparently, there is no restriction if CME wants to also go head to head and offer a GBP future...
ITG Dark Fines & A Coalition For Change
This is clearly a victory for the energetic Justin Hughes, who has long invested in financial market infrastructure as a partner at 'PhillyFin' in San Francisco, a circa $600 million fund.
LCH Opens Swingers Club
Unfortunately, it seemed to stand out on the basis of ‘what were they thinking?’ as opposed to a deft marketing coherence that allied brand and message in smooth synergous safety.
COLT Going Private
Some 74% of COLT’s revenue is nowadays based in mainland Europe. Working with over 50 exchanges and some 13 European central banks, colt connects traders in 205 cities globally...
T2S – Henri Bergstrom, Head of Product Management for CSD Technology, Market Technology, Nasdaq
... perhaps the biggest challenge from T2S will be coping with a far more competitive market.