Changes in credit markets since the pandemic have had an important influence on monetary policy transmission. Lower bank funding costs relative to the cash rate, narrower lending rate spreads, and increased business cre…
For the better part of a century, gold price discovery has been London’s domain. A handful of banks. Mostly paper contracts. A time zone already deep into its afternoon when Asia’s trading day begins.
The U.S. Securities and Exchange Commission (SEC) delivered a landmark decision on September 30, 2025, formally approving the Texas Stock Exchange (TXSE). This pivotal move greenlights the creation of a new national sec…
The Colombo Stock Exchange (CSE) of Sri Lanka has announced its decision to shorten its current settlement cycle from T+3 to T+2 for all equity transactions, a move aimed at aligning with international standards.
Finance, at its heart, is the movement of capital. It is the art of channeling idle assets to where they can generate the most value. From this perspective, the history of financial markets is, in essence, a history of …
The need for high-quality, extensive market data coverage is increasing, given markets’ complexity and interconnectedness. Market data coverage quality can be examined across the following dimensions: breadth, depth, gr…
Nowhere are the markets changing so rapidly as in fixed income, the asset class that sits at the foundation of the financial system. And nowhere do asset owners and investors need more help to come out ahead.
Legislative amendments to MIFIR (Updated MiFIR) and MIFID (Updated MiFID) have been published in the Official Journal. The texts were introduced by the European Commission in November 2021 (see our briefing here). The m…
The First-tier Tribunal’s (FTT) decision in HMRC v Professional Game Match Officials Ltd [2026] UKFTT 654 (TC) (PGMOL) sits within a long line of employment status cases.
JPMorgan JPM is expected to pay $100 million to the U.S. Commodity Futures Trading Commission (“CFTC”) to settle claims related to trade reporting lapses. The news was reported by Reuters, citing a source with direct kn…
Aquis Exchange is set to begin charging its trading members for non-displayed market data feeds for the first time since its inception almost 11 years ago.
Reforms to the UK’s capital markets over the past five years have achieved an incredible amount, from simplifying the rules for stock market listings to reducing costs for firms trading bonds and derivatives.
As he steps back from his role as CEO at CBOE Canada, the avowed change-maker highlights the issues he thinks stakeholders in Canadian capital markets need to address
Emerging Technology: Prediction markets are evolving into “world truth engines” that use financial incentives to reveal collective knowledge about future events, turning specialized insights into monetizable foresight.
IEX Exchange has announced a new version of The Signal, also knows as the Crumbling Quote Indicator, a predictive model that targets adverse price changes and powers IEX Exchange’s signature protective order types.
When FXSpotstream (FSS) launched over 11 years ago as a bank-backed spot foreign exchange price aggregation service, it set its sights on disrupting the public trading venues.
Cboe Europe has made big gains in its market share over the last two years – enjoying particular success in its lit orderbooks, which have grown from 15% of all lit trading in January 2021 to 28.1% in March 2023. But mo…
Today is the final day for the trading industry and investors to submit comments on one of Securities and Exchange Commission Chair Gary Gensler's most controversial proposals: a partial overhaul of the U.S. trading sys…