People Moves Monday: SEC, big xyt, and Liquidnet
The past week saw moves across regulation, TCA sales, and trade coverage.
Tag: SEC
SEC chair Gary Gensler urges UK to set T+1 transition date
With the global market trend heading towards shorter settlement cycles, SEC chair stresses the need for the UK to kickstart compression plans even if some market participants raise concerns.
SEC orders Senvest Management to pay $6.5 million penalty for recordkeeping failures
The investment advisor has acknowledged that its conduct violated the federal securities laws and agreed to implement improvements to its compliance policies and procedures.
SEC adopts landmark new clearing rules for US Treasury market
Overhaul of the $26 trillion market is designed to reduce the risks faced by a clearing agency and incentivise additional central clearing.
SEC adopts new short selling rule to bolster transparency for market participants
New rule will increase the public availability of short sale related data, supplementing short sale data that is currently offered.
CME Group and DTCC’s enhanced treasury cross-margining arrangement receives SEC and CFTC approval
Arrangement will allow eligible clearing members to gain increased margin efficiencies between US treasury securities and CME Group interest rate futures, with an expected launch in January 2024.
Equities
The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?
As the Securities and Exchange Commission undergoes its biggest equities shake up in 18 years to bolster best execution, Wesley Bray explores what the changes could mean for institutional investors.
Crypto trading platform Bittrex to settle SEC $24 million charge for operating an unregistered exchange, broker and clearing agency
Neither Bittrex nor its former chief executive have admitted any wrongdoing in response to the SEC’s allegations.
SEC proposes new rules to tackle the misuse of artificial intelligence in investment processes
New rules are focused on tackling the way predictive data and similar technologies can allow firms to place their interests ahead of those of investors.
Buy-side ‘aware and worried’ about T+1 as implementation and testing ramps up
Europe and Asia Pacific firms are honing their focus in recent months amid mounting pressure surrounding the shift to T+1 in North America.