With the US confirming its shift to T+1 settlement in 2024, Wesley Bray looks at the impact this will have globally, whether or not the UK and EU should follow suit and how trading desks will be impacted by the move.
Without admitting or denying the SEC’s findings, Chatham and its founder agreed to pay over $19.3 million in combined disgorgement, prejudgment interest and civil penalties to settle the charges.
Expected to expire on 3 July 2023, the SEC’s no-action letter would allow US investors to benefit from cost transparency and the freedom of broker selection that European investors have achieved through Mifid II.
Commissioners disagreed on the proposed implementation date, with amendments narrowly passing by three votes to two.
SEC’s order finds that from at least 2016 to October 2022, Bloomberg’s paid subscription BVAL service failed to disclose that the valuations for specific fixed-income securities could be based on a single data input.
The US regulator has shaken things up for the holiday season with a set of sweeping reforms designed to revamp and reinvigorate the US stock market. The TRADE brings you the latest, along with a detailed breakdown of the new proposals.
The regulator’s proposed rule changes look to lower risk through improved central clearing within the US Treasury market.
William Birdthistle, director of the SEC’s division of investment management, attributed research services market developments as a reason behind choosing not to extend the temporary position.
The US options exchange is expected to launch early next year.
The past week saw appointments from HKEX and the SEC.