Day: 28 May 2020

CFTC Extends IM Compliance for Larger Firms

As the US and much of the world faces a Black Swan event in the form of the COVID-19 pandemic, Commodity Futures Trading Commission (CFTC) chairman Heath Tarbert today announced a one year extension for larger entities facing compliance with initial margin (IM) requirements for uncleared swaps, making the new compliance date September 1, 2021 […]

Northern Trust, BlackRock Enter Alliance

Northern Trust today announces a strategic alliance with BlackRock to deliver enhanced operations, data and servicing capabilities to mutual clients through Aladdin, BlackRock’s investment management and operations platform. The bank says the alliance will provide clients with increased efficiency, interoperability and transparency across the back, middle and front office. The relationship with BlackRock currently supports […]

Amundi Obtains ‘Super’ ManCo Status in Ireland

Amundi today announces that the Central Bank of Ireland confirmed the European asset manager as a ‘Super’ Management Company in Ireland. It complements a range of existing authorisations held by the firm including individual portfolio management and investment advice. With the full scope of AIFMD and UCITS permissions in Ireland, Amundi says it can now […]

US initial Claims Slow, Durable Goods Plunge

The US data released earlier Thursday offered few surprises, with the level of initial claims continuing to slide, durable goods orders down sharply in April and first-quarter GDP slightly worse than previously reported. However, a dip in continuing claims suggests that some displaced workers returned to their jobs in mid-May, a positive sign. Initial claims […]

RBC Launches FX Trade Recommendations Service

RBC says it has executed its first FX trades with clients via AMOS, a new daily FX trade recommendation service aimed at hedge funds and real money clients who have an active FX mandate. Subscribed clients receive daily FX trade recommendations ahead of execution, replicating the performance of RBC’s FX positioning based trading strategy dollar […]

Where Do We Go from Here?

After record highs in major market indexes on February 19, the S&P witnessed its fastest bear market in history. The unprecedented loss of global wealth – and ensuing global monetary and fiscal policy responses – were equally historic. Should investors be “buying the dips” or “selling the rips”? During Profit & Loss Dial-In Day earlier […]

And Another Thing…

Earlier this month, Virtu Financial announced it was rolling out a data analytics service, it was one of several initiatives launched by the firm since the acquisition of ITG and is yet another example of how the non-bank market making segment is seeking to evolve and, as a result of that evolution, move closer to […]